Refile: BUZZ-Dave & Buster's Entertainment plunges on downbeat results
REFILE-BUZZ-Dave & Buster's Entertainment plunges on downbeat results Corrects typographical error in company name in headline
** Shares of restaurant chain operator Dave & Buster's Entertainment PLAY.O down ~16% at $10.49 premarket
** Co missed Q1 adjusted EPS and revenue estimates on Monday; comparable store sales decreased 5.4%
** Benchmark downgrades stock to "hold" from "buy" as recovery remains elusive
** Brokerage sees insufficient evidence to support company's outlook of positive comparable in the rest of FY26
** Says management credibility hit by repeatedly forecasting improving trends while results continued to disappoint
** Brokerage is cautious on the pace of co's entertainment reinvestment, noting only ten new games added over the past year
** As of last close, stock down 24% YTD
(Reporting by Koyena Das from Bengaluru)