5 Best Fast Food Stocks To Buy According to Analysts

In this article, we will be taking a look at the 5 best fast food stocks to buy according to analysts. To see more of these stocks, you can go directly to see the 11 Best Fast Food Stocks To Buy According to Analysts.

5. Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY)

Average Analyst Share Price Upside: 27.78%

Average Analyst Share Price Target: $71.67

Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) is a Dallas-based American restaurant and entertainment enterprise known for its unique combination of dining, bar services, and arcade games, notably featuring the “Million Dollar Midway”. Recently, the company unveiled an updated dine-in menu, introducing over 20 new food and beverage options, alongside offering a 50% food discount to members of its rewards program. This initiative, part of Phase 3 of the company’s plan, aims to boost food and beverage sales.

In the fourth quarter of Fiscal Year 2023, Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) reported revenue of $599.1 million, marking a 6.3% increase compared to the same period in the prior year. For the full fiscal year, revenue amounted to an impressive $2.2 billion, demonstrating robust year-over-year growth of 12.3%. However, the company faced challenges with comparable store sales, which declined by 7% in Q4 and by 6.2% for the full fiscal year.

As of the end of the December quarter, 21 hedge funds in Insider Monkey’s database of 933 hedge funds had stakes in Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY). The biggest stakeholder of Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) was Scott Ross’s Hill Path Capital which had a $383.3 million stake in the company.