Dave & Buster's: I Had To Buy It At This Price
DAVEDave(DAVE) Seeking Alpha·2024-08-12 13:36

PaulMcKinnon/iStock Editorial via Getty Images Shares of Dave & Buster's (NASDAQ:PLAY) have been battered, falling 23% in the past year and are down over 50% from their April highs as disappointing 1Q24 results coupled with concerns about soft consumer spending and elevated financial leverage have caused investors to flee the stock. While I don't love Dave & Buster's balance sheet and there is a high likelihood of further weakness in results over the next year if consumers continue to pull back, I think sha ...