Dave & Buster's Entertainment jumps after Q2 profit beat
11/09/2024 15:11
(Updates)
** Shares of entertainment and dining venues operator Dave &
Buster's Entertainment's PLAY.O rise as much as 17% to over
one-month high of $34.91
** Stock last up 7.6% and is set for its best day since
April if gains hold
** After market close on Tuesday, PLAY reported
better-than-expected Q2 adjusted profit, boosted by latest menu
rollout
** Co said PLAY's launch of a new service model has helped
it enhance efficiency and guest experience through new menu
offering that includes new and revised beverage and food items
** Co posted Q2 adjusted profit of $1.12 per share, handily
surpassing estimates of 84 cents per share - LSEG data
** Q2 revenue of $557.1 mln vs 542.1 mln a year ago
** 6 of 9 analysts rate the stock "buy" or higher, 3 "hold";
their median PT is $57
** As of last close, stock down nearly 45% YTD
(Reporting by Prakhar Srivastava and Ananya Mariam Rajesh in
Bengaluru)
((Prakhar.Srivastava2@thomsonreuters.com;))