Why Dave & Buster's Stock Moved Higher Today
Shares of Dave & Buster's (NASDAQ: PLAY) were trading higher Friday morning after the eat-and-play specialist reported fiscal first-quarter earnings and reported encouraging progress on reopening its locations. The stock was up by more than 17% early, and was up by 6.6% as of 11:45 a.m. EDT. The broad market also edged upward by more than 1% after Thursday's nearly 7% plunge.
The company's fiscal quarter ended May 3, so the numbers reflected the impact of all of its restaurants being closed for about six weeks of the period. Given that, investors were looking ahead into the recovery.
Image source: Dave & Buster's.
Source Fool.com
