BMO Remains Bullish on Dave & Buster's Despite Mixed Q2 Results
Dave & Buster’s Entertainment (NASDAQ:PLAY) reported second-quarter fiscal 2026 results with revenue declining by 2.4% to $544.1 million and a net loss of $12.5 million, compared to a profit the previous year. Comparable store sales fell 2.9%, an improvement from Q1’s decline but still negative overall. BMO Capital analyst Andrew Strelzik maintained his Outperform rating despite lowering his price target to $13 from $22, citing improving trends in food and beverage sales and positive adjusted free cash flow of $19.5 million for the quarter. The company has also made leadership additions and launched new attractions tied to popular franchises like Mandalorian and Stranger Things. However, UBS analyst Dennis Geiger reduced his target price to $9 from $12 while keeping a Neutral rating due to weaker-than-expected margins and macroeconomic uncertainty. Freedom Capital’s Lynne Collier similarly cut her target but kept a Hold stance.
Tickers: $PLAY