Loop Capital lowered the firm’s price target on Dave & Buster’s to $45 from $59 but keeps a Buy rating on the shares. The firm cites the company’s Q3 EPS and adjusted EBITDA miss along with its SSS decline of 7.7%, which was wider than consensus calling for a 5.96% decline, the analyst tells investors in a research note. Loop adds that it now sees a 7% decline in comps for Q4 vs. its prior forecast of a 2% decline.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
