Market Overview

Dave & Buster's: Catching On With A Younger Audience, Expect Market Share Gains To Continue

Dave & Buster's: Catching On With A Younger Audience, Expect Market Share Gains To Continue

Dave & Buster’s Entertainment, Inc. (NASDAQ: PLAY) shares may near all-time high territory after a solid first-quarter beat Thursday.

Parsing Through The Quarter Print

The entertainment venue's differentiated concept appeals to all ages and continues to drive market share gains and same-store sales growth in a challenging sector.

Within the Wells Fargo note, analyst Jeff Farmer said Dave & Buster's concept holds a considerable competitive advantage relative to traditional casual dining peers.

“We continue to believe that PLAY represents one of the highest quality unit growth stories in the sector,” said the bank.


Greater brand awareness among a younger audience also helped the company widen the gap between itself and competitors in the first quarter. Same-store sales rose 2.2 percent, but the bright spot was amusement SSS grew 6.4 percent in the quarter, a nod to the younger generation.

Management attributed this widening gap on the company’s advertising focus centering its message around gaming to bring in business and a growing number of mid-teen customers who spend less on food and come to stores earlier in the day.

Management has raised its fiscal year 2017 guidance and authorized a new $100 million share repurchase authorization following the release.

Wells Fargo maintains an Outperform rating on the stock and raised its price target to $78 from $75.

Related Links:

Dave & Busters Impresses Where It Matters

Dave & Busters Makes New All-Time High After Q1 Beat
Image Credit: By Michael Rivera (Own work) [CC BY-SA 4.0 (], via Wikimedia Commons

Latest Ratings for PLAY

Jan 2021Raymond JamesMaintainsStrong Buy
Dec 2020Wells FargoDowngradesEqual-WeightUnderweight
Dec 2020Raymond JamesMaintainsStrong Buy

View More Analyst Ratings for PLAY
View the Latest Analyst Ratings


Related Articles (PLAY)

View Comments and Join the Discussion!

Posted-In: Analyst Color Earnings Long Ideas News Guidance Price Target Reiteration Buybacks Best of Benzinga

Latest Ratings

URIVertical ResearchInitiates Coverage On310.0
PCARVertical ResearchInitiates Coverage On95.0
DEVertical ResearchInitiates Coverage On345.0
CNHIVertical ResearchInitiates Coverage On16.0
AGCOVertical ResearchInitiates Coverage On119.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at