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    Dave & Buster's Entertainment (PLAY)

    Market Price (10/15/2026): $7.145 | Market Cap: $-Sector: Communication Services | Industry: Movies & Entertainment

    Dave & Buster's Entertainment (PLAY)

    Market Price (10/15/2026): $7.145
    Market Cap: $-
    Sector: Communication Services
    Industry: Movies & Entertainment

    Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

    0

    Weak multi-year price returns
    2Y Excs Rtn is -112%, 3Y Excs Rtn is -159%

    Key risks
    PLAY key risks include [1] declining comparable store sales driven by potentially waning customer interest in the brand, Show more.

    0 Weak multi-year price returns
    2Y Excs Rtn is -112%, 3Y Excs Rtn is -159%
    1 Key risks
    PLAY key risks include [1] declining comparable store sales driven by potentially waning customer interest in the brand, Show more.

    PLAY in ETFs

    Weight = PLAY's share of each fund

    VTI0.00%
    ITOT0.00%
    IWM0.01%
    FNDA0.04%
    IWO0.01%
    VTWO0.01%
    SCHA0.00%
    SCHB0.00%
    +1 more covered ETF

    Valuation & Metrics

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    AI Analysis | Feedback

    MetricValueDateSource
    Comparable Store Sales Decrease-3.0%8052025Link
    Total Dave & Buster's Branded Stores1779152025Link
    New Domestic Dave & Buster's Stores Opened in Q2 202538052025Link
    Remodeled Dave & Buster's Stores in Q2 202538052025Link
    Total International Franchise Stores Open29152025Link
    Anticipated International Franchise Store Openings (Next 6 Months)at least 59152025Link
    Total International Franchise Agreementsover 359152025Link
    Loyalty Program Membersnearly 7 million9112024Link

    Price Chart

    Upcoming
    12/08/2026Earnings ReleaseRev: $448 Mil (E)
    EPS: $-1.46 (E)

    Why The Stock Moved

    Qualitative Assessment

    AI Analysis | Feedback

    Updated on 10/12/2026

    Dave & Buster's Entertainment (PLAY) stock has lost about 35% since 6/30/2026 because of the following key factors:

    1. Fiscal Q2 2026 Earnings and Revenue Significantly Missed Expectations.

    Dave & Buster's Entertainment reported a net loss of $12.5 million, or $0.36 per diluted share, for its fiscal second quarter ended August 4, 2026, a substantial reversal from a net income of $11.4 million in the prior-year quarter. The adjusted net loss of $0.27 per diluted share notably missed analyst consensus estimates for a $0.19 profit. Additionally, revenue for the quarter decreased 2.4% year-over-year to $544.1 million, falling short of analyst expectations of $556.8 million.

    2. Deterioration in Comparable Store Sales and Profitability Metrics.

    During fiscal Q2 2026, comparable store sales for Dave & Buster's decreased by 2.9% compared to the same period in fiscal 2025. The company's Adjusted EBITDA also declined significantly to $98.9 million from $129.8 million in fiscal Q2 2025, missing analyst estimates of $116.6 million. The operating margin contracted to 3.6%, a 5.9 percentage point decrease from 9.5% in the prior year, indicating reduced operational efficiency and increased expenses relative to revenue.

    Show more
    Updated on 10/12/2026

    Dave & Buster's Entertainment (PLAY) stock has lost about 35% since 6/30/2026 because of the following key factors:

    1. Fiscal Q2 2026 Earnings and Revenue Significantly Missed Expectations.

    Dave & Buster's Entertainment reported a net loss of $12.5 million, or $0.36 per diluted share, for its fiscal second quarter ended August 4, 2026, a substantial reversal from a net income of $11.4 million in the prior-year quarter. The adjusted net loss of $0.27 per diluted share notably missed analyst consensus estimates for a $0.19 profit. Additionally, revenue for the quarter decreased 2.4% year-over-year to $544.1 million, falling short of analyst expectations of $556.8 million.

    2. Deterioration in Comparable Store Sales and Profitability Metrics.

    During fiscal Q2 2026, comparable store sales for Dave & Buster's decreased by 2.9% compared to the same period in fiscal 2025. The company's Adjusted EBITDA also declined significantly to $98.9 million from $129.8 million in fiscal Q2 2025, missing analyst estimates of $116.6 million. The operating margin contracted to 3.6%, a 5.9 percentage point decrease from 9.5% in the prior year, indicating reduced operational efficiency and increased expenses relative to revenue.

    3. Analyst Downgrades and Price Target Reductions Following Q2 Results.

    In response to the disappointing fiscal Q2 2026 financial results, multiple analysts revised their outlooks on Dave & Buster's stock. UBS, for instance, lowered its price target to $9.00 from $12.00 while maintaining a Neutral rating. Freedom Capital Markets, BMO Capital, and UBS all reportedly slashed their price targets after the earnings miss, contributing to negative investor sentiment. Benchmark had also downgraded Dave & Buster's from a "Buy" to a "Hold" rating in June 2026, prior to these results, reflecting an earlier revised outlook on the company's performance.

    4. Broader Macroeconomic Headwinds and Consumer Discretionary Weakness.

    The entertainment and dining sector, where Dave & Buster's operates, has faced industry-wide challenges, with the consumer discretionary - leisure facilities sector experiencing a general decline in share prices, down 13.2% since recent earnings results. Reports indicated a drop in University of Michigan consumer sentiment in July and August 2026, and a persistent net decline in customer traffic for restaurant operators, reflecting a challenging environment where consumers are tightening spending on out-of-home entertainment. S&P Global also revised its outlook on Dave & Buster's to negative from stable on July 26, 2026, citing a prolonged same-store sales downturn.

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    Stock Movement Drivers

    Fundamental Drivers

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    Market Drivers

    6/30/2026 to 10/14/2026
    ReturnCorrelation
    PLAY-37.3% 
    Market (SPY)3.1%20.0%
    Sector (XLC)3.4%32.9%

    Fundamental Drivers

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    Market Drivers

    3/31/2026 to 10/14/2026
    ReturnCorrelation
    PLAY-34.0% 
    Market (SPY)18.6%20.3%
    Sector (XLC)0.2%35.0%

    Fundamental Drivers

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    Market Drivers

    9/30/2025 to 10/14/2026
    ReturnCorrelation
    PLAY-60.6% 
    Market (SPY)16.5%27.3%
    Sector (XLC)-5.5%32.8%

    Fundamental Drivers

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    Market Drivers

    9/30/2023 to 10/14/2026
    ReturnCorrelation
    PLAY-80.7% 
    Market (SPY)86.2%31.0%
    Sector (XLC)74.4%30.9%

    Return vs. Risk

    Price Returns Compared

     202120222023202420252026Total [1]
    Returns
    PLAY Return28%-8%52%-46%-44%-54%-75%
    Peers Return2%4%23%57%-0%29%161%
    S&P 500 Return27%-19%24%23%16%14%108%

    Monthly Win Rates [3]
    PLAY Win Rate50%42%42%42%33%40% 
    Peers Win Rate51%45%62%65%45%58% 
    S&P 500 Win Rate75%42%67%75%67%50% 

    Max Drawdowns [4]
    PLAY Max Drawdown-39%-38%-29%-63%-62%-70% 
    Peers Max Drawdown-34%-35%-30%-20%-34%-27% 
    S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 

    [1] Cumulative total returns since the beginning of 2021
    [2] Peers: LUCK, EAT, CAKE, DRI, TXRH. See PLAY Returns vs. Peers.
    [3] Win Rate = % of calendar months in which monthly returns were positive
    [4] Max drawdown represents maximum peak-to-trough decline within a year
    [5] 2026 data is for the year up to 10/14/2026 (YTD)

    How Low Can It Go

    EventPLAYS&P 500
    2025 US Tariff Shock
      % Loss-36.3%-18.8%
      % Gain to Breakeven56.9%23.1%
      Time to Breakeven62 days79 days
    2024 Yen Carry Trade Unwind
      % Loss-16.2%-7.8%
      % Gain to Breakeven19.3%8.5%
      Time to Breakeven65 days18 days
    Summer-Fall 2023 Five Percent Yield Shock
      % Loss-27.4%-9.5%
      % Gain to Breakeven37.7%10.5%
      Time to Breakeven56 days24 days
    2023 SVB Regional Banking Crisis
      % Loss-27.1%-6.7%
      % Gain to Breakeven37.2%7.1%
      Time to Breakeven8 days31 days
    2022 Inflation Shock & Fed Tightening
      % Loss-21.6%-24.5%
      % Gain to Breakeven27.6%32.4%
      Time to Breakeven15 days427 days
    2020 COVID-19 Crash
      % Loss-89.5%-33.7%
      % Gain to Breakeven849.7%50.9%
      Time to Breakeven359 days140 days

    Compare to LUCK, EAT, CAKE, DRI, TXRH

    In The Past

    Dave & Buster's Entertainment's stock fell -36.3% during the 2025 US Tariff Shock. Such a loss loss requires a 56.9% gain to breakeven.

    Preserve Wealth

    Limiting losses and compounding gains is essential to preserving wealth.

    Asset Allocation

    Actively managed asset allocation strategies protect wealth. Learn more.

    EventPLAYS&P 500
    2025 US Tariff Shock
      % Loss-36.3%-18.8%
      % Gain to Breakeven56.9%23.1%
      Time to Breakeven62 days79 days
    Summer-Fall 2023 Five Percent Yield Shock
      % Loss-27.4%-9.5%
      % Gain to Breakeven37.7%10.5%
      Time to Breakeven56 days24 days
    2023 SVB Regional Banking Crisis
      % Loss-27.1%-6.7%
      % Gain to Breakeven37.2%7.1%
      Time to Breakeven8 days31 days
    2022 Inflation Shock & Fed Tightening
      % Loss-21.6%-24.5%
      % Gain to Breakeven27.6%32.4%
      Time to Breakeven15 days427 days
    2020 COVID-19 Crash
      % Loss-89.5%-33.7%
      % Gain to Breakeven849.7%50.9%
      Time to Breakeven359 days140 days
    Q4 2018 Fed Policy Error / Growth Scare
      % Loss-33.4%-19.2%
      % Gain to Breakeven50.1%23.8%
      Time to Breakeven1877 days105 days

    Compare to LUCK, EAT, CAKE, DRI, TXRH

    In The Past

    Dave & Buster's Entertainment's stock fell -36.3% during the 2025 US Tariff Shock. Such a loss loss requires a 56.9% gain to breakeven.

    Preserve Wealth

    Limiting losses and compounding gains is essential to preserving wealth.

    Asset Allocation

    Actively managed asset allocation strategies protect wealth. Learn more.

    About Dave & Buster's Entertainment (PLAY)

    Dave & Buster's Entertainment, Inc. (PLAY) operates a chain of large entertainment and dining venues across North America. The company's business model uniquely combines a full-service restaurant experience with an extensive array of entertainment options, positioning its venues as comprehensive destinations for both adults and families seeking a dynamic social outing.

    The core offerings at each Dave & Buster's location include a diverse menu of entrées and appetizers, complemented by a wide selection of non-alcoholic and alcoholic beverages. Beyond dining, the primary draw is an assortment of entertainment attractions, prominently featuring various arcade games, alongside dedicated areas for watching live sports and other televised events. This blend of food, drinks, and amusement constitutes its main products and services.

    Serving a broad demographic of adults and families, the company operates its venues under the Dave & Buster's name. As of early 2022, it had established a significant footprint with 144 stores located across 40 U.S. states, Puerto Rico, and one Canadian province, catering to the North American leisure and hospitality market.

    AI Analysis | Feedback

    Here are 1-3 brief analogies for Dave & Buster's Entertainment:

    • A grown-up Chuck E. Cheese.
    • An Applebee's or TGI Fridays that also has a huge video arcade and sports bar.

    AI Analysis | Feedback

    • Food & Beverage Services: Provides a diverse menu of entrées, appetizers, non-alcoholic, and alcoholic beverages to customers within its venues.
    • Entertainment Services: Offers a wide range of attractions including arcade games, amusements, and spaces for watching live sports and other televised events.

    AI Analysis | Feedback

    Major Customers of Dave & Buster's Entertainment (PLAY)

    Dave & Buster's Entertainment, Inc. sells primarily to individual consumers.

    The company serves the following categories of customers:

    • Families: Seeking an all-in-one entertainment and dining destination suitable for multiple generations, including children and adults.
    • Young Adults and Adults: Individuals or groups looking for a vibrant social environment to play games, watch live sports, and enjoy food and alcoholic beverages for a night out or casual gathering.
    • Groups and Organizations: Customers booking private events, birthday parties, corporate team-building events, or other celebrations at the venues.

    AI Analysis | Feedback

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    AI Analysis | Feedback

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    Tarun Lal, Chief Executive Officer

    Tarun Lal joined Dave & Buster's in July 2025 as Chief Executive Officer. He brings over 25 years of experience from Yum! Brands, where he most recently served as President of KFC U.S., overseeing all aspects of the brand's U.S. operations. Prior to this, Mr. Lal held significant leadership roles, including Global COO for KFC and Managing Director for KFC Middle East, Turkey, Africa, India, and Pakistan, where he was responsible for major brand expansions and delivering consistent growth across various complex markets.

    Darin Harper, Chief Financial Officer

    Darin Harper joined Dave & Buster's in June 2024, bringing over 25 years of finance experience in both the public and private sectors, working with multisite consumer, retail, and entertainment brands. Most recently, he was CFO of World Choice Investments, LLC. He previously served as EVP, Chief Financial Officer for Main Event Entertainment, Inc. from March 2017 until its acquisition by Dave & Buster's in June 2022, where he oversaw all finance, accounting, legal, risk, and audit functions and helped lead the company through significant growth. Concurrently, he was Group CFO for Main Event's parent company, Ardent Leisure, from June 2018 to June 2022. Main Event Entertainment, Inc. was acquired from RedBird Capital Partners, a private equity firm, indicating his experience with private equity-backed companies. Earlier in his career, he was CFO at On the Border Mexican Grill & Cantina and Principal Accounting Officer at Chuck E. Cheese, starting his career with PricewaterhouseCoopers.

    Antonio Bautista, President, International Development

    Antonio Bautista has served as President of International Development since January 2026, and previously as Chief International Development Officer since August 2022, and Head of International Development since July 2022. His prior roles include CEO of ALBP Global Hospitality Solutions (September 2020 - December 2021), Chief Operations Officer of Fogo De Chao (July 2019 - July 2020), and Senior Vice President, Hard Rock Cafe and Retail Division, and Franchise Development and Operations at Hard Rock International (December 2010 - June 2019). He also served as President and Chief Operating Officer of Gourmet Gulf LLC from 2007 to 2010.

    Tony Wehner, President, Main Event

    Tony Wehner has served as President of Main Event since January 2026. Prior to this, he was Dave & Buster's Chief Operating Officer since August 2022. His experience also includes serving as Chief Operating Officer at Main Event Entertainment (January 2021 - July 2022), Chief Executive Officer of BigShots Golf (January 2020 - January 2021), Chief Operating Officer of Bar Louie (June 2017 - January 2020), and Senior Vice President Operations at Logan's Roadhouse (February 2016 - 2017).

    Cory Hatton, Head of Entertainment Finance, Investor Relations & Treasurer

    Cory Hatton joined Dave & Buster's in October 2022 as Vice President, Investor Relations & Treasurer and was promoted to Head of Entertainment Finance, Investor Relations & Treasurer in March 2025.

    ```

    AI Analysis | Feedback

    1. Sensitivity to Macroeconomic Headwinds and Declining Discretionary Spending

      Dave & Buster's is highly vulnerable to economic fluctuations, inflation, and changes in consumer discretionary spending, especially from lower-income households. This sensitivity directly impacts comparable store sales, which have seen persistent declines in recent fiscal quarters.

    2. High Debt Load and Leverage

      The company carries a substantial amount of debt, with a high debt-to-equity ratio and significant leverage, which limits its financial flexibility. This elevated debt burden increases its vulnerability to adverse economic conditions and could pose a risk of permanent loss of capital for investors.

    3. Intense Competition and Execution Risk of Turnaround Strategy

      Operating within a highly competitive entertainment and dining sector, Dave & Buster's faces continuous pressure to innovate and maintain market share. The company has experienced past management missteps and is currently undertaking a turnaround strategy, which carries inherent execution risks and challenges related to improving operational efficiency and reversing declining profit margins.

    AI Analysis | Feedback

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    AI Analysis | Feedback

    Dave & Buster's Entertainment (symbol: PLAY) operates entertainment and dining venues in North America. The addressable markets for its main products and services in North America are as follows:

    • Food and Beverages: The North America foodservice market, which includes restaurants and dining establishments, was valued at approximately USD 1,087.43 billion in 2024. This market is projected to grow to USD 1,886.64 billion by 2032.

    • Entertainment and Gaming: The North America Family Entertainment Centers (FEC) market, which encompasses venues offering various recreational activities including indoor games, arcade gaming, and dining options, was valued at USD 11.61 billion in 2024. This market is expected to reach USD 29.15 billion by 2032.

    AI Analysis | Feedback

    Here are the expected drivers of future revenue growth for Dave & Buster's Entertainment (PLAY) over the next 2-3 years:
    1. Unit Expansion (Domestic and International): Dave & Buster's is actively pursuing a multi-faceted expansion strategy, focusing on both domestic growth and significant international market entry. The company plans to open 10 to 12 new stores and one relocation in fiscal 2025, with a long-term vision to reach over 500 locations across the U.S. and Canada for both its Dave & Buster's and Main Event brands. Internationally, the company is making substantial strides, with franchise partnerships in place for 33 locations across six countries, including the Middle East, India, and Australia, and expects to open at least six additional international franchise units within the next year.
    2. Remodeling and Enhancement of Existing Stores: The company is undertaking a major remodeling program to refresh the look and enhance the customer experience in its existing locations. By the end of fiscal 2024, Dave & Buster's expected to have 40 to 45 stores remodeled, with most stores refreshed by 2026. These remodels are designed to improve efficiency, customer experience, and have shown to drive double-digit sales growth.
    3. New Game Offerings and Entertainment Enhancements: Dave & Buster's continuously focuses on enhancing its entertainment attractions by introducing new game titles and experiences. For example, the company plans to introduce 10 new games in 2026, with tests showing high marketability and customer resonance. The rollout of games like "Human Crane" to all locations is also expected to boost sales.
    4. Revamped Menu and Food & Beverage Strategy: The company has launched a new menu featuring significantly more items and fan favorites, which has delivered strong results by driving higher average checks and stronger volumes. This strategy aims to increase the percentage of guests who play games and also eat food, returning that number to historical levels.
    5. Growth of Loyalty Program and Data Utilization: Dave & Buster's is improving its data capabilities to enhance its loyalty program with additional personalization opportunities. The company's 5.4 million loyalty members currently visit more than 50% more often and spend approximately 15% more per visit than other customers, indicating that further growth and personalization in this area can drive increased customer engagement and spending.

    AI Analysis | Feedback

    Share Repurchases

    • In fiscal year 2024, Dave & Buster's repurchased approximately 5 million shares totaling $172.0 million.
    • As of year-to-date fiscal 2025, the company repurchased approximately 1.0 million shares for $23.9 million.
    • In September 2023, the Board of Directors increased the existing share repurchase authorization by $100 million, bringing the total remaining authorization to $200 million. An additional $100 million was authorized in December 2024.

    Inbound Investments

    • In May 2020, Jefferies LLC agreed to invest $100 million in common stock in Dave & Buster's.

    Outbound Investments

    • In June 2022, Dave & Buster's acquired Main Event Entertainment for approximately $835 million, significantly expanding its operational footprint.

    Capital Expenditures

    • For fiscal year 2025, capital investments are projected to not exceed $220 million, focusing on new store development and strategic remodels, with plans to open 10 to 12 new locations.
    • In fiscal year 2024, the company opened 14 new locations and completed 15 remodels, contributing to a total of 44 remodels since 2023.
    • Dave & Buster's generated $111.4 million in proceeds in fiscal year 2024 from a sale-leaseback transaction for five properties to support capital-intensive initiatives.

    Peer Outperformance in Movies & Entertainment

    PLAY has trailed 74% of its 23 Movies & Entertainment peers over 5Y. Movies & Entertainment ranks 4th of 9 industries in Communication Services by median 5Y return.
    Share of Movies & Entertainment constituents that PLAY has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
    1Y
    11%
    of 28 industry peers · -58.2% return
    3Y
    8%
    of 26 industry peers · -77.8% return
    5Y
    26%
    of 23 industry peers · -80.6% return
    No Movies & Entertainment peer with a comparable growth profile has beaten PLAY by more than 20pp over 5Y.
    Median price return by industry across the Communication Services sector, ranked by 5Y. Movies & Entertainment is PLAY's own industry. Use this to see which corners of the sector have carried the returns.
    Industry Names 1Y med3Y med5Y med Top 3 by 5Y
    Wireless Telecommunication Services 3 -20.1%14.1%38.8% ECHO 258% · TMUS 39%
    Publishing 5 23.1%14.9%23.2% NYT 33% · NWSA 31%
    Integrated Telecommunication Services 21 -15.2%-0.8%-21.1% GSAT 236% · AD 135% · TDS 109%
    Movies & Entertainment ← 24 10.6%59.7%-32.9% IMAX 151% · MSGS 125% · BATRA 115%
    Alternative Carriers 3 -2.0%26.4%-55.1% IRDM 30% · LUMN -55%
    Advertising 18 -22.5%-4.7%-66.3% APP 209% · OMC 26% · STGW 13%
    Interactive Home Entertainment 8 -33.4%-16.0%-70.1% TTWO 17% · RBLX -34% · PINS -57%
    Interactive Media & Services 33 -30.5%-30.6%-72.5% GOOGL 160% · META 137% · CARG -15%
    Broadcasting 14 -15.3%-23.4%-73.2% FOXA 57% · NXST 28% · SIRI -51%
    Median of constituents with a full price history over each window. Top names are limited to companies above $2B market cap.

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    Peer Comparisons

    Peers to compare with:

    Financials

    PLAYLUCKEATCAKEDRITXRHMedian
    NameDave & B.Lucky St.Brinker .Cheeseca.Darden R.Texas Ro. 
    Mkt Price7.145.16204.21113.40208.90166.64140.02
    Mkt Cap-0.78.75.323.710.98.7
    Rev LTM-1,2455,8073,87713,3666,2325,807
    Op Inc LTM-1596282711,627490490
    FCF LTM--2615582051,022400400
    FCF 3Y Avg--883981301,027360360
    CFO LTM-1047893541,782803789
    CFO 3Y Avg-1456302921,722733630

    Growth & Margins

    PLAYLUCKEATCAKEDRITXRHMedian
    NameDave & B.Lucky St.Brinker .Cheeseca.Darden R.Texas Ro. 
    Rev Chg LTM-3.7%7.9%5.7%8.1%9.9%7.9%
    Rev Chg 3Y Avg-5.6%12.2%4.4%7.5%12.8%7.5%
    Rev Chg Q-0.9%5.1%7.7%5.1%11.1%5.1%
    QoQ Delta Rev Chg LTM-0.2%1.3%1.9%1.2%2.8%1.3%
    Op Inc Chg LTM-7.3%13.5%11.2%11.1%-7.5%11.1%
    Op Inc Chg 3Y Avg--6.5%56.8%28.0%9.7%13.1%13.1%
    Op Mgn LTM-12.8%10.8%7.0%12.2%7.9%10.8%
    Op Mgn 3Y Avg-12.8%9.1%6.4%12.0%8.7%9.1%
    QoQ Delta Op Mgn LTM-0.4%0.2%0.2%0.0%-0.3%0.2%
    CFO/Rev LTM-8.3%13.6%9.1%13.3%12.9%12.9%
    CFO/Rev 3Y Avg-12.2%11.9%7.9%13.9%13.1%12.2%
    FCF/Rev LTM--21.0%9.6%5.3%7.6%6.4%6.4%
    FCF/Rev 3Y Avg--7.1%7.4%3.5%8.3%6.4%6.4%

    Valuation

    PLAYLUCKEATCAKEDRITXRHMedian
    NameDave & B.Lucky St.Brinker .Cheeseca.Darden R.Texas Ro. 
    Mkt Cap-0.78.75.323.710.98.7
    P/S-0.61.51.41.81.81.5
    P/Op Inc-4.413.819.514.622.414.6
    P/EBIT-4.213.925.714.822.414.8
    P/E--19.517.829.620.126.520.1
    P/CFO-6.711.014.913.313.613.3
    Total Yield--0.2%5.6%4.4%8.0%5.5%5.5%
    Dividend Yield-5.0%0.0%1.1%3.0%1.7%1.7%
    FCF Yield 3Y Avg--8.3%6.9%4.0%4.9%2.9%4.0%
    D/E-4.00.20.40.30.10.3
    Net D/E-4.00.20.40.30.10.3

    Returns

    PLAYLUCKEATCAKEDRITXRHMedian
    NameDave & B.Lucky St.Brinker .Cheeseca.Darden R.Texas Ro. 
    1M Rtn-15.6%-7.2%-4.6%7.8%-3.6%-8.0%-5.9%
    3M Rtn-30.6%-27.5%14.3%41.7%7.4%-11.9%-2.2%
    6M Rtn-47.6%-37.9%29.9%85.9%6.3%3.0%4.7%
    12M Rtn-61.9%-46.3%54.7%111.9%15.3%-0.2%7.5%
    3Y Rtn-78.5%-47.6%572.4%319.3%71.7%89.4%80.5%
    1M Excs Rtn1.2%-8.9%-2.6%14.3%-2.2%-4.7%-2.4%
    3M Excs Rtn-35.8%-32.0%6.5%32.8%1.0%-19.0%-9.0%
    6M Excs Rtn-58.8%-49.1%18.7%74.7%-4.9%-8.1%-6.5%
    12M Excs Rtn-76.9%-64.0%41.6%97.3%-0.9%-18.8%-9.8%
    3Y Excs Rtn-159.4%-131.5%504.1%230.4%-12.4%2.0%-5.2%

    Comparison Analyses

    Segment Financials

    Revenue by Segment
    $ Mil20262025202420232022
    Single Segment2,1032,1332,2051,964 
    Entertainment revenues    867
    Food and beverage revenues    437
    Total2,1032,1332,2051,9641,304


    Price Behavior

    Price Behavior
    Market Price$7.15 
    First Trading Date12/29/2006 
    Distance from 52W High-66.2% 
       50 Days200 Days
    DMA Price$8.32$12.14
    DMA Trenddowndown
    Distance from DMA-14.1%-41.1%
     3M1YR
    Volatility72.2%73.3%
    Downside Capture426.46308.77
    Upside Capture130.40144.62
    Correlation (S&P 500)21.7%27.6%
    PLAY Betas & Captures as of 9/30/2026

     1M2M3M6M1Y3Y
    Beta1.270.721.291.221.531.30
    Up Beta-7.61-2.69-1.500.811.081.20
    Down Beta8.354.411.91-0.551.271.04
    Up Capture-29%-35%61%96%93%92%
    Bmk +ve Days6162766132424
    Stock +ve Days8172658109329
    Down Capture498%410%334%238%167%112%
    Bmk -ve Days16263760120328
    Stock -ve Days12233565138415

    [1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
    Based On 1-Year Data
    Annualized
    Return    		Annualized
    Volatility    		Sharpe
    Ratio    		Correlation
    with PLAY
    PLAY-59.7%73.3%-0.93-
    Sector ETF (XLC)-1.8%16.0%-0.3132.6%
    Equity (SPY)17.1%12.7%0.9627.1%
    Gold (GLD)-0.6%29.4%-0.026.4%
    Commodities (DBC)49.3%20.7%1.82-24.2%
    Real Estate (VNQ)5.7%13.7%0.1525.3%
    Bitcoin (BTCUSD)-27.9%43.7%-0.639.6%

    Smart multi-asset allocation framework can stack odds in your favor. Learn How
    Based On 5-Year Data
    Annualized
    Return    		Annualized
    Volatility    		Sharpe
    Ratio    		Correlation
    with PLAY
    PLAY-29.1%60.9%-0.32-
    Sector ETF (XLC)7.5%21.0%0.2735.7%
    Equity (SPY)13.6%17.1%0.6037.7%
    Gold (GLD)17.9%18.9%0.762.5%
    Commodities (DBC)10.0%19.5%0.39-0.6%
    Real Estate (VNQ)1.2%18.8%-0.0534.0%
    Bitcoin (BTCUSD)8.5%51.8%0.3417.3%

    Smart multi-asset allocation framework can stack odds in your favor. Learn How
    Based On 10-Year Data
    Annualized
    Return    		Annualized
    Volatility    		Sharpe
    Ratio    		Correlation
    with PLAY
    PLAY-15.2%71.6%0.08-
    Sector ETF (XLC)9.1%22.1%0.4536.1%
    Equity (SPY)15.4%17.9%0.7340.1%
    Gold (GLD)12.0%16.4%0.603.2%
    Commodities (DBC)8.2%18.1%0.3713.3%
    Real Estate (VNQ)4.8%20.7%0.1939.3%
    Bitcoin (BTCUSD)63.5%66.2%1.0314.5%

    Smart multi-asset allocation framework can stack odds in your favor. Learn How

    Short Interest

    Short Interest: As Of Date9302026
    Short Interest: Shares Quantity9.7 Mil
    Short Interest: % Change Since 9152026-1.0%
    Average Daily Volume2.7 Mil
    Days-to-Cover Short Interest3.6 days

    Earnings Returns History

    Updated 10/15/2026
    Expand for More
     Forward Returns
    Earnings Date1D Returns5D Returns21D Returns
    9/14/2026-19.0%-19.8%-12.8%
    6/15/2026-6.2%-8.5%-14.4%
    3/31/202616.1%20.5%4.1%
    12/9/202513.0%2.9%-3.7%
    9/15/2025-16.7%-19.3%-22.4%
    6/10/202517.7%26.4%23.9%
    4/7/2025-0.8%9.2%29.6%
    12/10/2024-20.1%-21.0%-26.8%
    ...
    SUMMARY STATS   
    # Positive121312
    # Negative111011
    Median Positive9.5%9.6%18.3%
    Median Negative-7.4%-12.2%-14.4%
    Max Positive18.3%36.6%35.4%
    Max Negative-20.1%-21.0%-26.8%
     Collapse to Preview
     Forward Returns
    Earnings Date1D Returns5D Returns21D Returns
    9/14/2026-19.0%-19.8%-12.8%
    6/15/2026-6.2%-8.5%-14.4%
    3/31/202616.1%20.5%4.1%
    12/9/202513.0%2.9%-3.7%
    9/15/2025-16.7%-19.3%-22.4%
    6/10/202517.7%26.4%23.9%
    4/7/2025-0.8%9.2%29.6%
    12/10/2024-20.1%-21.0%-26.8%
    9/10/20244.7%6.7%7.0%
    6/12/2024-10.9%-15.8%-22.4%
    4/2/202410.3%1.8%-15.5%
    12/5/20234.4%10.6%20.9%
    6/6/202318.3%36.6%32.0%
    3/28/20230.7%-3.9%-4.2%
    12/6/2022-7.4%-1.6%6.6%
    9/7/2022-14.2%-15.2%-26.6%
    7/12/20222.5%11.9%35.4%
    3/28/202214.9%8.7%6.6%
    12/7/20218.6%14.9%15.8%
    9/9/20211.2%2.9%7.6%
    6/10/2021-2.7%-9.1%-11.0%
    3/31/2021-5.4%-6.7%-4.7%
    12/10/2020-2.8%9.6%31.8%
    SUMMARY STATS   
    # Positive121312
    # Negative111011
    Median Positive9.5%9.6%18.3%
    Median Negative-7.4%-12.2%-14.4%
    Max Positive18.3%36.6%35.4%
    Max Negative-20.1%-21.0%-26.8%

    SEC Filings

    Expand for More
    Report DateFiling DateFiling
    07/31/202609/14/202610-Q
    04/30/202606/15/202610-Q
    01/31/202603/31/202610-K
    10/31/202512/09/202510-Q
    07/31/202509/15/202510-Q
    04/30/202506/10/202510-Q
    01/31/202504/07/202510-K
    10/31/202412/10/202410-Q
    07/31/202409/10/202410-Q
    04/30/202406/12/202410-Q
    01/31/202404/02/202410-K
    10/31/202312/05/202310-Q
    07/31/202309/06/202310-Q
    04/30/202306/06/202310-Q
    01/31/202303/28/202310-K
    10/31/202212/06/202210-Q
     Collapse to Preview
    Report DateFiling DateFiling
    07/31/202609/14/202610-Q
    04/30/202606/15/202610-Q
    01/31/202603/31/202610-K
    10/31/202512/09/202510-Q
    07/31/202509/15/202510-Q
    04/30/202506/10/202510-Q
    01/31/202504/07/202510-K
    10/31/202412/10/202410-Q
    07/31/202409/10/202410-Q
    04/30/202406/12/202410-Q
    01/31/202404/02/202410-K
    10/31/202312/05/202310-Q
    07/31/202309/06/202310-Q
    04/30/202306/06/202310-Q
    01/31/202303/28/202310-K
    10/31/202212/06/202210-Q
    07/31/202209/07/202210-Q
    04/30/202206/07/202210-Q
    01/31/202203/29/202210-K
    10/31/202112/07/202110-Q
    07/31/202109/09/202110-Q
    04/30/202106/10/202110-Q
    01/31/202103/31/202110-K
    10/31/202012/10/202010-Q
    07/31/202009/10/202010-Q
    04/30/202006/11/202010-Q
    01/31/202004/03/202010-K
    10/31/201912/10/201910-Q

    Recent Forward Guidance

    Updated 10/4/2026

    Latest: Q2 2026 Earnings Reported 9/14/2026

    Forward GuidanceGuidance Change
    MetricSourceLowMidHigh% Chg% DeltaChangePrior
    2026 Store Remodels CompletedReported 8    
    2026 New International Franchise Store OpeningsReported11    


    Prior: Q1 2026 Earnings Reported 6/15/2026

    Forward GuidanceGuidance Change
    MetricSourceLowMidHigh% Chg% DeltaChangePrior
    2026 Free Cash FlowReported 100.00 Mil 0 AffirmedGuidance: 100.00 Mil for 2026

    Q3 2025 Earnings Reported 12/9/2025

    Forward GuidanceGuidance Change
    MetricSourceLowMidHigh% Chg% DeltaChangePrior
    Q4 2025 New Domestic Dave & Buster's StoresReported 2    
    2025 Total New StoresReported 11    
    2026 New International Franchise StoresReported 4    

    Insider Activity

    Updated 10/8/2026
    Expand for More
    #OwnerTitleHoldingActionFiling DatePriceSharesTransacted
    Value    		Value of
    Held Shares    		Form
    1Hatton, CoryInterim CFODirectBuy92820266.504,00026,000679,077Form
    2Lipman, Nathaniel DirectBuy91720266.7812,00081,300208,094Form
    3Klohn, SteveSVP Chief Information OfficerDirectSell417202614.696,989102,668566,255Form
    4Lal, TarunChief Executive OfficerDirectBuy327202618.391,00018,390212,588Form
    5Lal, TarunChief Executive OfficerDirectBuy327202620.522,50051,300216,691Form
     Collapse to Preview
    #OwnerTitleHoldingActionFiling DatePriceSharesTransacted
    Value    		Value of
    Held Shares    		Form
    1Hatton, CoryInterim CFODirectBuy92820266.504,00026,000679,077Form
    2Lipman, Nathaniel DirectBuy91720266.7812,00081,300208,094Form
    3Klohn, SteveSVP Chief Information OfficerDirectSell417202614.696,989102,668566,255Form
    4Lal, TarunChief Executive OfficerDirectBuy327202618.391,00018,390212,588Form
    5Lal, TarunChief Executive OfficerDirectBuy327202620.522,50051,300216,691Form
    6Rodriguez, Rodolfo JRSVP, Chief Legal OfficerDirectBuy120202620.1073014,673291,450Form

    Investor Activity (13F)

    Updated Oct 15, 2026
    13F holdings as of Mar 31, 2026 (Q1 2026)

    Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.

    Active ManagerValue% of PortfolioTotal PositionsQoQFiling
    Hill Path Capital LP$77.1 Mil5.6%7Hold13F
    Eminence Capital, LP$25.4 Mil0.6%33Hold13F
    Patient Capital Management, LLC$12.5 Mil0.5%38TRIM -30.8%13F
    Active Manager
    Active ManagerValue% of PortfolioTotal PositionsQoQFiling
    Patient Capital Management, LLC$12.5 Mil0.5%38TRIM -30.8%13F
    Active ManagerValue% of PortfolioTotal PositionsQoQFiling
    Hill Path Capital LP$77.1 Mil5.6%7Hold13F
    Eminence Capital, LP$25.4 Mil0.6%33Hold13F
    Patient Capital Management, LLC$12.5 Mil0.5%38TRIM -30.8%13F

    Dave & Buster's Entertainment — Investor Video Playlist

    Industry Resources

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    External Quote Links


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