Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Dave & Buster's Stock Is Surging Higher Today

TheMotleyFool

0 0

Why Dave & Buster's Stock Is Surging Higher Today

Wall Street is turning more bullish on dine-in restaurants. Many casual-dining stocks are up today, including Dave & Buster's (NASDAQ: PLAY). Shares surged on Wednesday, and as of 12:30 p.m. EDT were trading 24% higher.

The Cheesecake Factory (NASDAQ: CAKE) updated shareholders on its business, and it's possibly contributing to improving investor sentiment for Dave & Buster's. The Cheesecake Factory said it's reopened about 25% of its restaurants with limited dining capacity. Despite this challenge, opened restaurants are doing 75% of the business they were prior to the coronavirus.