Professional
Added to YB: 2024-09-18
Pitch date: 2024-09-16
PLAY [bullish]
Dave & Buster's Entertainment, Inc.
-40%
current return
Author Info
No bio for this author
Company Info
Dave & Buster's Entertainment, Inc. owns and operates entertainment and dining venues for adults and families in North America.
Market Cap
$672.4M
Pitch Price
$32.55
Price Target
N/A
Dividend
N/A
EV/EBITDA
5.60
P/E
13.34
EV/Sales
1.91
Sector
Hotels, Restaurants and Leisure
Category
turnaround
RGA Investment Advisors New Position: Dave & Buster's Entertainment, Inc.
PLAY: Attractive at mid-single-digit EBITDA multiple. New mgmt (Hill Path) implementing 6 levers for $430-600M EBITDA boost. Key focus: marketing, pricing, F&B, events. $1B EBITDA target by 2026. Near-term headwinds from low-income consumer weakness. Aggressive buybacks (17.2% share reduction since 2022 peak). FCF to converge with EBITDA as remodeling ends.
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