Dave & Buster’s price target raised to $29 from $22 at Truist Securities

Published 11/06/2025, 14:58
Dave & Buster’s price target raised to $29 from $22 at Truist Securities

Truist Securities raised its price target on Dave & Buster’s (NASDAQ:PLAY) stock to $29.00 from $22.00 on Wednesday, while maintaining a Hold rating on the entertainment company’s shares.

The price target increase follows Dave & Buster’s first-quarter 2025 results, which missed consensus expectations for same-store sales and adjusted EBITDA, but showed significantly improved recent sales trends.

Truist noted that the company’s interim CEO has implemented a "back to basics" strategy that refocuses on new amusement games and returns to television advertising instead of other marketing approaches.

The firm expects Dave & Buster’s sales performance to improve throughout 2025, with positive same-store sales potentially arriving in the third quarter, aided by easier year-ago comparisons and potentially strengthening consumer demand.

Despite the improved outlook, Truist recommended investors remain "on the sidelines" until Dave & Buster’s develops a long-term plan to better compete, citing the company’s history of market share losses both before COVID-19 and after the period of pent-up demand.

In other recent news, Dave & Buster’s reported its first-quarter fiscal 2025 financial results, revealing an earnings per share of $0.76, which fell short of the forecasted $1.01. The company’s revenue also missed expectations, coming in at $567.7 million compared to the anticipated $573.25 million. Analysts from Loop Capital raised the price target on Dave & Buster’s stock to $46.00 from $35.00, citing early positive trends in the second quarter as a factor. BMO Capital also raised its price target to $35.00 from $30.00, expressing encouragement about the company’s "Back to Basics" strategy, which has shown improved comparable sales. Piper Sandler increased its price target to $30.00 from $22.00, highlighting the company’s improving sales trajectory despite the quarterly miss. Benchmark reiterated a Hold rating on the stock, noting sequential monthly same-store sales improvements since February. These developments reflect Dave & Buster’s strategic shifts and ongoing efforts to stabilize and grow its business amid broader industry challenges.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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