Dave & Buster's (PLAY) Soars: Stock Adds 10.3% in Session
Dave & Buster's Entertainment, Inc. PLAY was a big mover last session, as the company saw its shares rise over 10% on the day. The upside was driven by the company’s announcement of better-than-expected earnings for the first quarter of 2016, raised guidance and a share buyback plan. This continues the uptrend for the company since May 23, as the stock is now up almost 22%.
The company has seen one positive revision in the past one month and its Zacks Consensus Estimate also moved higher over the same time frame, suggesting more solid trading ahead. So make sure to keep an eye on this stock going forward to see if yesterday’s jump can turn into more strength down the road.
Dave & Buster's Entertainment currently carries a Zacks Rank #1 (Strong Buy).
Another favorably ranked stock in the Restaurants industry is Famous Dave's of America Inc. DAVE, sporting a Zacks Rank #1.
Is PLAY going up? Or down? Predict to see what others think: Up or Down
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