Loop Capital lowered the firm’s price target on Dave & Buster’s to $35 from $45 but keeps a Buy rating on the shares. The company’s Q4 results were “mixed” with a comps miss at negative 9.4% but an in-line EBITDA, the analyst tells investors in a research note. Loop adds however that the management indicated trends improved notably in March and to date in April compared to February and Q4, and the company expects a continued improvement in the coming months. The firm is still cutting its FY25 comps view to down 3% from up 1% previously.
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