((Automated translation by Reuters using machine learning and generative AI, please refer to the following disclaimer: https://bit.ly/rtrsauto)) (Corrected a typographical error in the company name in the title)
June 16 – ** Shares of restaurant chain Dave & Buster’s Entertainment PLAY.O fell about 16% to $10.49 in pre-market trading
** On Monday, the company missed ‘s estimates for first-quarter adjusted earnings per share and revenue; like-for-like sales fell by 5.4%
** Benchmark lowers its recommendation on the stock from “buy” to “hold”, as recovery remains uncertain
**The brokerage firm believes that there is insufficient evidence to support the company’s outlook for positive same-store sales developments for the remainder of fiscal 2026
** She believes management’s credibility is undermined by its repeated predictions of an improving trend, while results continue to disappoint
** The brokerage is cautious about the pace of the company’s reinvestments in the entertainment sector, noting that only ten new games have been added in the past year
** As of yesterday’s close, the stock was down 24% since the start of the year
