PHILADELPHIA, PA / ACCESSWIRE / December 11, 2024 / Kehoe Law Firm, P.C. is investigating potential securities claims on behalf of investors of Dave & Buster's Entertainment Inc. ("Dave & Buster's") (NASDAQ:PLAY).
NEW YORK, NY / ACCESSWIRE / December 11, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Dave & Buster's Entertainment, Inc. ("Dave & Buster's Entertainment, Inc.") (NASDAQ:PLAY) concerning possible violations of federal securities laws. On December 10, 2024, Dave & Buster's reported that "Chris Morris, the Company's Chief Executive Officer ("CEO"), has tendered his resignation as CEO and Director to pursue other interests.
The average of price targets set by Wall Street analysts indicates a potential upside of 26.2% in DAVE INC (DAVE). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
Shares of Dave & Buster's Entertainment Inc PLAY fell over 14% at last check Wednesday, despite reporting downbeat third-quarter results.
U.S. stock futures were mixed this morning, with the Nasdaq futures gaining around 50 points on Wednesday.
Truist downgrades the stock to hold from buy, saying the CEO move muddles the company's turnaround story.
Dave & Buster's (PLAY) stock started Wednesday morning lower after the company posted a larger loss than expected for the third quarter, and its CEO announced his resignation.
PLAY's fiscal third-quarter revenues suffer due to unfavorable weather conditions and disruptions from remodel construction at certain locations.
Chris Morris' exit comes as the company reports a significantly wider loss and lower revenue for its fiscal third quarter.
Dave & Buster's Entertainment, Inc. PLAY will release earnings results for its third quarter, after the closing bell on Tuesday, Dec. 10.
If you are looking for stocks that are well positioned to maintain their recent uptrend, DAVE INC (DAVE) could be a great choice. It is one of the several stocks that passed through our "Recent Price Strength" screen.
Does Dave Inc. (DAVE) have what it takes to be a top stock pick for momentum investors? Let's find out.