
Dave & Buster's Entertainment Inc. ($PLAY) reported fourth-quarter earnings with diluted EPS of $0.88 and adjusted diluted EPS of $1.03, along with revenue of $599.1 million. Despite missing earnings and revenue, the stock surged 12%, with plans to achieve $1 billion EBITA in the future. Piper Sandler downgraded $PLAY to neutral following the earnings release.



$PLAY Piper Sandler downgrades Dave & Buster’s to neutral from overweight Piper downgraded the stock following the release of its latest earnings. “Following PLAY’s 4Q23 earnings results last night, we are moving our rating to Neutral, down from Overweight prior.”
Dave & Buster's Entertainment Inc. is emphasizing a new avenue for growth, and it's one that has resonated on Wall Street. https://t.co/Fgiz1opbbf
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