Why Dave & Buster's Stock Jumped This Week

Logo NasdaqNasdaq
2023-06-09 12:53:48  • 3 mins

What happened

Shares of Dave & Buster's (NASDAQ: PLAY) trounced the market this week. The stock was up 15% through Thursday trading, compared to a 0.3% increase in the S&P 500. That rally erased a large portion of recent losses for shareholders, according to data provided by S&P Global Market Intelligence. The restaurant and arcade specialist's stock has gained 8% so far in 2023.

The rally came after Dave & Buster's reported strong first-quarter earnings results.

So what

On Tuesday, management revealed that Q1 sales jumped 32% to reach a record $597 million through late April. Earnings expanded at a solid clip, too, as profit improved to $1.45 per share from $1.35 per share a year earlier. Factoring in the addition of the newly acquired Main Event chain, sales rose 4%. "We are pleased to report strong results for our first quarter of fiscal 2023," CEO Chris Morris said in a press release.

Continue read on nasdaq.com

The stock market didn't do very well last week, and the downward momentum appeared likely to continue Monday morning on Wall Street. Stock index futures were...
Logo NasdaqNasdaq
2023-09-25 12:36:57  • 1 min
Here is one stock with buy rank and strong value characteristics for investors to consider today, September 25: Dana Incorporated DAN : Thispower and energy...
Logo NasdaqNasdaq
2023-09-25 11:43:00  • 1 min
Investors are always looking to beat the market, searching for stocks that deliver consistent long-term gains. And perhaps to the surprise of some, many...
Logo NasdaqNasdaq
2023-09-25 23:24:00  • 1 min
In this article FL URBN Follow your favorite stocksCREATE FREE ACCOUNT Striking members of the Writers Guild of America picket with striking members of...
2023-09-25 12:19:04  • 1 min
Paramount Global stock (NASDAQ: PARA) has had a tough year, declining by about 21% year-to-date, underperforming the S&P 500 which has risen by about 13%...
Logo NasdaqNasdaq
2023-09-26 04:02:19  • 1 min
Do you like bargains? Do you also need growth stocks in your portfolio? For most investors in this volatile market, the answer to both questions is a...
Logo NasdaqNasdaq
2023-09-25 09:25:00  • 1 min
Though it's been a good year for major market indices like the S&P 500 and the Nasdaq Composite, not all stocks have participated in this rally. Indeed,...
Logo NasdaqNasdaq
2023-09-25 09:31:00  • 1 min
Best News Website or Mobile Service WAN-IFRA Digital Media Awards Worldwide 2022 Best News Website or Mobile Service Digital Media Awards Worldwide 2022 Big...
Logo Channel NewsAsiaChannel NewsAsia
2023-09-25 12:10:00  • 1 min
While growth stocks have been among the hardest hit in a notably volatile market, many of these companies remain popular choices with long-term investors....
Logo NasdaqNasdaq
2023-09-25 11:30:00  • 1 min
After a 20% decline year-to-date, at the current price of around $119 per share, we believe Target (NYSE: TGT), the second-largest discount chain in the U.S....
Logo NasdaqNasdaq
2023-09-26 04:02:21  • 2 mins
What happened Shares of Williams-Sonoma (NYSE: WSM) were moving higher today primarily due to a case of mistaken identity. The launch of a Wall Street Memes...
Logo NasdaqNasdaq
2023-09-25 20:06:21  • 1 min
Have you been paying attention to shares of Sprouts Farmers (SFM) ? Shares have been on the move with the stock up 4.8% over the past month. The stock hit a...
Logo NasdaqNasdaq
2023-09-25 13:15:02  • 1 min
Investors in Cisco Systems (NASDAQ: CSCO) waited a long time. The one-time darling of the tech industry briefly achieved the world's largest market cap in...
Logo NasdaqNasdaq
2023-09-25 11:00:00  • 1 min
Following the sell-off seen last week, stocks showed a lack of direction over the course of the trading session on Monday. The major averages spent the day...
Logo RTTNewsRTTNews
2023-09-25 20:14:01  • 1 min
Here are two stocks with buy rank and strong income characteristics for investors to consider today, September 25: Dana Incorporated DAN : Thispower and...
Logo NasdaqNasdaq
2023-09-25 11:38:00  • 1 min
E-commerce is back to its old ways. After declining for most of the past two years, the niche is now growing as a percentage of the total retail pie. That...
Logo NasdaqNasdaq
2023-09-25 09:40:00  • 2 mins
The S&P 500 Index has climbed more than 20% from its bear market low, prompting many to call a bull market. This may be a bit premature, because...
Logo NasdaqNasdaq
2023-09-25 09:30:00  • 2 mins
The stock market has had plenty of great trading days in 2023, but the volatility of the 2022 stock market has persisted. Even as promising economic data...
Logo NasdaqNasdaq
2023-09-25 16:22:41  • 2 mins
Wall Street took a cruel step back last week. I thought my three stocks to avoid for that week -- Stitch Fix, Steelcase, and Carvana -- were going to lose to...
Logo NasdaqNasdaq
2023-09-25 12:00:00  • 1 min
Key Points AMC, Cinemark and IMAX shares were up on Monday following news of a tentative deal between Hollywood writers and studios. Shares of studio owners,...
2023-09-25 20:30:37  • 1 min