5 Best Meme Stocks To Buy Now

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

Number of Hedge Fund Shareholders: 33

Smart money ownership of Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) has nearly tripled since the middle of 2020, when just 12 funds were long PLAY. Scott Ross’ Hill Path Capital has been the company’s biggest bull dating back to the third quarter of 2021, routinely having greater than 10% 13F exposure to the stock.

Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY)’s acquisition of bowling chain Main Event has provided a big boost to the company’s top and bottom lines, with revenue growing by 32% year-over-year in Q1. The company is also bullish on its opportunity to further boost profitability in the coming year by raising game prices and cutting food and beverage costs.

Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) also believes its stock to be severely undervalued, with CEO Brian Jenkins recently noting that it could double in value once rerated more in line with its peers.