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Why Dave & Buster's Entertainment Stock Jumped 15% Today

TheMotleyFool

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Why Dave & Buster's Entertainment Stock Jumped 15% Today

Shares of Dave Buster's Entertainment (NASDAQ: PLAY) jumped as much as 19.2% on Wednesday, despite a modest earnings report. The stock had cooled down to a 15.4% gain by 1 p.m. ET.

Image source: Getty Images.

The restaurant and video arcade chain saw first-quarter sales fall 3.5% year over year, stopping at $567.7 million. The average Wall Street analyst had expected $573.3 million. On the bottom line, adjusted earnings fell from $1.12 to $0.76 per diluted share. Here, the analyst consensus pointed to $1.01 per share.

Source Fool.com