PLAY

Dave & Buster`s Entertainment Inc

Consumer


Presented:10/06/2020
Price:$15.46
Cap:$0.73B
Current Price:$35.33
Cap:$1.39B

Presented

Date10/06/2020
Price$15.46
Market Cap$0.73B
Ent Value$2.44B
P/E RatioN/A
Book Value$5.26
Div Yield2.07%
Shares O/S47.45M
Ave Daily Vol6,763,517
Short IntN/A

Current

Price$35.33
Market Cap$1.39B
Dave & Buster's Entertainment, Inc. engages in the ownership and operation of entertainment and dining venues under the name Dave & Buster's. It offers a full menu of entrées and appetizers, a selection of alcoholic and non-alcoholic beverages, and an assortment of entertainment attractions centered around playing games and watching live sports and other televised events. The company was founded by David O. Corriveau and James W. Corley in 1982 and is headquartered in Dallas, TX.

Publicly traded companies mentioned herein: Darden Restaurants Inc (DRI), Dave & Buster’s Entertainment Inc (PLAY), KKR & Co Inc (KKR)

Highlights

The presenter is long shares of Dave & Buster’s Entertainment Inc (PLAY) due in part to his bullish outlook on an economic recovery. Prior to COVID-19, PLAY was trading at ~$45 per share and KKR had just increased its ownership to 10.7%. At that time, PLAY’s food and beverage comps had been anemic for a while but amusement/entertainment comps had been solid until the pandemic. As a vaccine is developed and trends start to improve, the presenter sees a market share opportunity, along with potential operational improvements. Based on these factors, he thinks the stock could double from its current ~$15 share price. 

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Idea Discussion

Commentor 1 - 2 weeks ago

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