Dave & Buster’s initiated with a Hold at Benchmark

Benchmark initiated coverage of Dave & Buster’s with a Hold rating and no price target While the operator of high-volume entertainment and dining venues in North America is managing its business well and executing on several strategic initiatives, the challenging macroeconomic environment has, in some cases, offset the positive impact of these growth efforts, the analyst tells investors. The firm is constructive on the name, but would like to see either some relief in macro conditions or more sustained traction on strategic initiatives that deliver on management’s original incremental adjusted EBITDA targets to get more constructive with its rating.