Deutsche Bank upgrades Dave & Busters Entertainment on its view that the setup seems pretty decent even in a bleak macro environment for restaurant and leisure stocks.

Trending News ☀️

Deutsche Bank upgraded Dave ($NASDAQ:PLAY) & Busters Entertainment on its view that the setup seems pretty decent even in a bleak macro environment for restaurant and leisure stocks. “When we scan our restaurant coverage universe looking for opportunities, in what is still very much a tough macro , we think the risk reward on PLAY stands out as fairly compelling at present,” noted analyst Brian Mullan. The firm moved to a Buy rating on D&B after having it slotted at Hold. Additionally, the company’s focus on returning cash to shareholders through share repurchases and dividend payments is another positive.

Price History

The company’s stock opened at $38.8 on Tuesday and closed at $37.1, up by 0.2% from its previous closing price of $37.0. The company is also exploring new revenue streams, such as virtual reality gaming.

VI Analysis

However, it is rated as a medium risk investment in terms of financial and business aspects. This is due to the 1 risk warning that has been detected in the balance sheet.

VI Peers

The competition in the entertainment industry is intense. Companies are constantly vying for market share and trying to outdo each other. Dave & Buster’s Entertainment Inc is no different. It competes against other big names such as Bowlero Corp, Societa Sportiva Lazio SPA, and DEAG Deutsche Entertainment AG. These companies are all fighting for a piece of the pie and each has its own unique strengths and weaknesses.

– Bowlero Corp ($NYSE:BOWL)

Bowlero Corporation is the world’s largest operator of bowling centers, with more than 300 locations across the United States. The company was founded in 2013 and is headquartered in New York, New York. Bowlmor AMF is the largest operator of bowling alleys in the world. The company was formed in 2013 from the merger of AMF Bowling Worldwide and Bowlmor Lanes.

– Societa Sportiva Lazio SPA ($LTS:0MS9)

Societa Sportiva Lazio SPA is an Italian professional sports club based in Rome, Lazio. The club was founded in 1900 and currently plays in Serie A, the top flight of Italian football. Lazio has won the Coppa Italia a record seven times and the Supercoppa Italiana three times. The club has also won the UEFA Cup Winners’ Cup once and the UEFA Super Cup once.

As of 2022, Societa Sportiva Lazio SPA has a market capitalization of 68.42 million and a return on equity of -538.84%. The company is a professional sports club that competes in Serie A, the top flight of Italian football. Lazio has won several championships and trophies, including the Coppa Italia and the Supercoppa Italiana. The club also has one UEFA Cup Winners’ Cup and one UEFA Super Cup to its name.

Summary

Dave & Buster’s Entertainment is a publicly traded company that owns and operates a chain of restaurant and entertainment venues across the United States.