Dave & Buster's Entertainment falls after BMO's price cut

Dave and Busters Entertainment,

09/04/2025 16:57

** Shares of entertainment and dining venues operator Dave & Buster's Entertainment PLAY.O fall 4% to $15.42

** BMO Capital Markets cuts price target to $30 from $47

** Concerned that tariff related dynamics will continue to weigh on consumer spending, particularly at the low-end where PLAY has meaningful exposure - brokerage

** BMO says it is disappointed that PLAY is beginning another strategy "reset", pivoting execution against its strategic plan as it pushes out potential larger scale brand repositioning further

** PLAY continues to realize outsized same-store sales pressure, with Q4 marking the eighth consecutive quarter of declines

** Up to Tuesday's close, PLAY's stock was down 45% YTD

(Reporting by Juby Babu in Mexico City)

((Juby.Babu@thomsonreuters.com;))