Where Will Dave & Buster's Be in 5 Years?
It's all fun and games until there's no more fun and games to be had. Dave & Buster's Entertainment (NASDAQ: PLAY) was hit as hard as you probably think it would be during the COVID-19 shutdown. The chain of big-box entertainment centers that blend casual dining with a high-tech video arcade shuttered all 137 of its locations by March 20, forcing it into negotiations with landlords and vendors to trim its operating costs in an effort to stretch out its then-limited liquidity.
Beat the end boss to get to today's gaming level, and things have improved for the chain. It was able to raise some much-needed financing. It's also been gradually opening locations in select markets since late April. With investors now less concerned about a liquidity crunch or a prolonged shutdown, the stock has been one of the market's biggest winners in recent months. The shares have more than quadrupled since bottoming out in mid-March.
Image source: Dave & Buster's.
Source Fool.com
