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Why Dave & Buster's Stock Is Trading Lower Today

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Why Dave & Buster's Stock Is Trading Lower Today

Dave & Buster's Entertainment Inc (NASDAQ: PLAY) shares are trading lower on Thursday on a report that noted the company may need to file for bankruptcy if it can't reach a deal with its lenders.

Dave & Buster's Entertainment owns and operates nearly a hundred entertainment and dining establishments in the United States where customers can eat, drink, play games, and watch televised sports.

The play division includes amusement, simulation, and video games, accounts for more than half of total company revenue. Food and beverage accounts for the rest. About one-third of food and beverage revenue comes from alcoholic drinks, with the rest coming from food and nonalcoholic beverages.

Dave & Buster's Entertainment shares were down 26.12% at $14.12 at the time of publication on Thursday. The stock has a 52-week high of $48.80 and a 52-week low of $4.60.

 

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