Dave and Busters Entertainment Inc (PLAY) Share Price

PLAY, 10Q due DEC 10

Nice call!

PLAY 10Q due TUESDAY SEPT 10

PLAY 10Q due 4/2

PLAY new 52 week high

PLAY new 52 week high

Had many runs

Busting a move! ;)

PLAY OF THE DAY

Sept 7 EARNINGS date

Truist Securities Adjusts Dave & Buster's Entertainment PT to $56 From $50, Maintains Buy Rating

Piper Sandler Adjusts Price Target on Dave & Buster's Entertainment to $38 From $53, Maintains Neutral Rating

Two completely different thought patterns so far.

$20 this week

gm your welcome

Thank you for the reminder!

https://ih.advfn.com/stock-market/NASDAQ/dave-and-busters-enterta-PLAY/stock-news/86739450/dave-amp-busters-q3-2022-earnings-preview

Dave & Buster’s Provides Business Update; Increases First Quarter Revenue Guidance to $252 - $257 Million

Dave & Buster's Entertainment, Inc.
Tue, April 20, 2021, 4:30 AM·5 min read

https://finance.yahoo.com/news/dave-buster-provides-business-increases-103000578.html

DALLAS, April 20, 2021 (GLOBE NEWSWIRE) -- In advance of meetings with investors scheduled to take place this week, Dave & Buster's Entertainment, Inc., (NASDAQ:PLAY), ("Dave & Buster's" or "the Company"), an owner and operator of entertainment and dining venues, today provided an update on business trends through April 18, 2021, representing the first 11 weeks of its 13 week fiscal first quarter, which began February 1, 2021 and ends May 2, 2021.

The Company began the first quarter with 107 open stores, or approximately 76% of its total store base. As of April 18, the Company had reopened a total of 138 stores, or approximately 98% of its 141 store base, including 11 New York stores which opened in March and 15 California stores that reopened between mid-March and mid-April. Most locations continue to operate under reduced hours and capacity limitations, including 7 stores that are restricted to food and beverage operations only.

As of April 18, through the first eleven weeks of the first quarter:

Overall comparable store sales were -38% compared to 2019 levels1

Sales at fully operational comparable stores achieved 81% of 2019 levels1

Quarter-to-date sales totaled approximately $228 million with two weeks remaining in the period

Based on these preliminary results and assuming a normal seasonal sales deceleration and no other unforeseen factors over the remainder of the quarter, the Company now expects first quarter sales to total between approximately $252 million and $257 million, compared to the Company’s prior expectations of $210 million to $220 million.

Chief Executive Officer Brian Jenkins said, “We have been very pleased with our recently reopened stores in New York and California, which have produced some of our strongest early sales recoveries to date. Their performance, in tandem with economic stimulus, expanding vaccines and a favorable Easter and spring break shift, has accelerated sales recovery trends across our entire store base.”

The Company expects to report final first quarter 2021 financial results in early June 2021.

1The Company believes that calculating 2021 comparable store sales against 2019 results provides a more meaningful comparison vs. against COVID-affected 2020 results.

About Dave & Buster’s Entertainment, Inc.

Founded in 1982 and headquartered in Dallas, Texas, Dave & Buster's Entertainment, Inc., is the owner and operator of 141 venues in North America that combine entertainment and dining and offer customers the opportunity to "Eat Drink Play and Watch," all in one location. Dave & Buster's offers a full menu of entrées and appetizers, a complete selection of alcoholic and non-alcoholic beverages, and an extensive assortment of entertainment attractions centered around playing games and watching live sports and other televised events. Dave & Buster's currently has stores in 40 states, Puerto Rico, and Canada.

... DO NOT SELL ... $PLAY

... $34.00 ... $PLAY

... $32.51 ... $PLAY

Drop to $10.00

... $26.15 ... $PLAY

Dave & Buster's Entertainment, Inc., (NASDAQ:PLAY), ("Dave & Buster's" or "the Company"), an owner and operator of entertainment and dining venues, today announced that it will report financial results for its third quarter 2020 ended on November 1, 2020 on Thursday, December 10, 2020 after the market close.

I was thinking the same thing --i got out with a profit and I hope this dips again so I can buy back

... $23.52 ...

Big risk holding this into weekend

NY and CA may announce stricter shutdowns and could always buy this back in much cheaper. Holding PLAY into weekend when COVID is exploding is high risk

Breaking: California announces curfew

NYC announces Indoor Dinning likely to shutdown

NYC Mayor just announced indoor dinning likely to shutdown. That's a wrap for PLAY operations there

Pullback to $20-21 range

Giving surge in COVID cases, and more cities ordering lockdowns, should see PLAY retarce back to $20-21 range.

NY warning bid restrictions after Thanksgiving which is big market for PLAY

NY Gov warns major shutdowns after Thanksgiving

No way PLAY can hold up this high with major shutdown coming in NY, which is big market for PLAY. Look for many more states to shut, and restaurant plays to sell off quickly.

Take what profit you can AH before to rush to exit starts

California rolls back into lockdown

Almost all of California rolled back into lockdown mode last night. New cases are expected to surge after weekend pullback, and should see more cities and states put in new restrictions closing restaurants.

PLAY going back below $20 here shortly

Could bankruptcy risk start to swirl like it has been for AMC?

Forward looking, I assume.

They will survive and thrive...

But the stock price is way ahead of itself!

How on earth is Dave and Busters flying high during a pandemic. This turd is way over priced at these levels.

NYC closings schools Monday.....restaurants next

Restaurant + buttons + covid = SELL

A restaurant where crowds gather to share buttons and knobs during COVID outbreak?

Last kind of stock you want to own, lol

US cases hits 145,000, hospitalizations critical

Hospitalizations hit all-time high as U.S. sets another record with 145,000 new infections

https://www.washingtonpost.com/nation/2020/11/12/coronavirus-covid-live-updates-us/

$25 PLAY!!!!!!!!!!!!!!

... nice green with DOW and market down -200 points ...

Lets PLAY some VITL games and make money week, after week, after week!!! Everyone needs EGGS!!!

Ty...

Let's go PLAY!!

Ty...

* * $PLAY Video Chart 09-18-2020 * *

Link to Video - click here to watch the technical chart video

... DING DING DING ... $PLAY

10:46 ET - Dave & Buster's 26% stock decline on Thursday following reports the company could file for bankruptcy was overblown, analysts say, with the pullback representing a buying opportunity instead. D&B's sales are recovering and comparable sales are showing signs of improvement as stores reopen. Moreover, D&B's covenants have been suspended until its 4Q results next year, Raymond James says. "Outside of a hard lockdown/closures due to Covid, we are optimistic that the company's profitability will have returned to solidly positive territory by then (with all units reopened) and that its lenders would be willing to amend its covenant definition," the firm says. Raymond James upgrades D&B's stock to outperform from market perform. Shares of D&B jump 11% Friday to around $15.75. (kimberly.chin@wsj.com; mskimberlychin)

PLAY bouncing nicely from yesterday's decline

Almost 15% jump out of the gate!

Timed the bottom here perfectly!

Let the shorts scramble!

* * $PLAY Video Chart 09-17-2020 * *

Link to Video - click here to watch the technical chart video

I believe that you are correct!

While everything is not unicorn's and rainbows with PLAY, I sure can't see Bankruptcy in the cards with ~$225M in cash!

The banks really have no choice but to renegotiate...

This really looks like a nothingburger hit piece!

Seems more like someone expected more of a hit from the earnings ... so they simply made a bigger splash themselves.

https://www.marketwatch.com/story/dave-busters-stock-plunges-26-on-bankruptcy-fears-but-analysts-say-its-investor-overreaction-11600369957?siteid=yhoof2


Dave & Buster’s stock plunges 26% on bankruptcy fears, but analysts say it’s investor ‘overreaction’

Published: Sept. 17, 2020 at 3:12 p.m. ET

Dave & Buster's had to close all of its locations at one point, due to coronavirus

Dave & Buster’s Inc. shares plunged 26.4% in Thursday trading after investors grew nervous about the possibility of the entertainment company filing for bankruptcy.

Dave & Buster’s PLAY, -28.40%included “going concern” language in a 10-Q filing dated September 10.

Between March 14 and March 20, all 137 Dave & Buster’s locations were closed due to the coronavirus pandemic.

Dave & Buster’s initially furloughed nearly all of its employees and, as of August 2, had reached 92 rent relief agreements, which includes rent deferrals. As of September 4, 52 locations were closed, according to the filing.

On September 10, the company reported an 85% decline in second-quarter revenue, to $50.8 million.


“These developments have caused a material adverse impact on the company’s revenues, results of operations and cash flows, including the company’s ability to meet its obligations when due,” the filing said.

“These conditions raise substantial doubt about the company’s ability to continue as a going concern for a period of one year from the date of the financial statement are issued.”

Truist Securities analysts say the stock plunge is a “severe overreaction, citing the identical language from a previous 10-Q. The stock dip presents a “buying opportunity.”

” We continue to assume that Dave & Buster’s lenders will again grant covenant relief, especially given visibility into recovering EBITDA at that time as the company emerges from COVID crisis,” analysts wrote.

Truist rates Dave & Buster’s stock buy with a $22 price target.

Dave & Buster’s stock has sunk nearly 65% for the year to date while the S&P 500 index SPX, -1.49%has gained 3.4% for the period.

I took a starter here.

The lenders have no choice but to negotiate. D&B will again be a cash cow once Covid-19 is in the rear view mirror!

The recent numbers since they reopened are down, of course, but they are improving and near break-even!

They are shorts, and they will have to cover!

Playing hardball with the lenders i see. If they go bankrupt, the lenders get nothing, of course it'll be re-negotiated. BUY$$$

Watching this one for an entry. Best to all here.