The bank said Dave & Buster's continues to deliver some of the highest quality unit growth in the sector. Additionally, same-store sales continue to improve as well for the company.
Related Link: BMO Thinks Investors Can Score Big With Dave & Buster's Thanks To Comp Momentum, Attractive Entry Do you have ideas for articles/interviews you'd like to see more of on Benzinga? Please email feedback@benzinga.com with your best article ideas. One person will be randomly selected to win a $20 Amazon gift card!
Analysts at Wells Fargo also expect Dave & Buster's market share to continue to clock gains into FY17, due to "diminished headwinds from the confluence of competitive encroachment, cannibalization, and energy sector job loses."
Wells Fargo has an Outperform rating on Dave & Buster's with a valuation range of $46–$49.
Dave & Buster's was up 2.4 percent Wednesday at last check.
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