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Dave & Buster’s Entertainment, Inc. (PLAY) stock has tumbled to a 52-week low, reaching a price level of $16.99. This significant downturn reflects a challenging period for the company, which has seen its stock price plummet by -73.89% over the past year. The entertainment and dining venue operator, known for combining food, drinks, and arcade games under one roof, has faced a series of headwinds that have impacted consumer spending and investor sentiment. The 52-week low serves as a stark indicator of the hurdles the company has encountered, including a substantial debt burden of $3.27 billion. InvestingPro subscribers have access to 13 additional key insights and a comprehensive Pro Research Report that provides deep-dive analysis of PLAY’s financial health and growth prospects.
In other recent news, Dave & Buster’s Entertainment Inc. has been the focus of several developments. The company is set to announce its fourth-quarter 2024 earnings on April 7, with Truist Securities adjusting its stock price target from $27 to $21, maintaining a Hold rating. Truist anticipates that same-store sales and adjusted EBITDA might not meet expectations, although some improvement in sales was noted in March. S&P Global Ratings has revised its outlook for Dave & Buster’s from positive to negative, citing weaker profitability and cash flow as contributing factors. The agency projects a free operating cash flow of $10 million for 2025, driven by lower capital expenditures and modest EBITDA growth.
In leadership news, Dave & Buster’s has promoted Cory Hatton to Head of Entertainment Finance, Investor Relations & Treasurer, reflecting his contributions since joining the company in 2022. Additionally, Scott Ross has joined the company’s Board of Directors, bringing significant financial expertise and experience from his roles at Hill Path Capital and other organizations. Benchmark analysts have maintained a Hold rating for the company, noting potential risks related to remodel timings and external challenges like the California wildfires. Dave & Buster’s is also planning to introduce new games as part of its strategy to revitalize consumer interest in its entertainment offerings.
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