Dave & Buster’s Entertainment, Inc. (PLAY)’s Traffic Is Coming Back, But Is It Enough?

Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) is among the best get rich quick stocks to buy right now. On June 29, Citizens started coverage on Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) with a Market Perform rating and without a price target. Despite its discounted valuation, the company appears fairly valued due to the limited visibility on same-store sales growth. This comes after many years of weak performance. The company has a negative three-year return of 75.22%, in contrast to the S&P 500’s positive return of 68.15%.

Citizens is waiting for a more attractive entry point, with the company’s traffic trends starting to improve. Offering 81.16% upside potential, Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) emerges as one of the best get rich quick stocks to buy right now.

console, gaming, entertaiment, nintendo, video

Barone Firenze / Shutterstock.com

Back on June 16, Andrew Strelzik from BMO Capital trimmed the price target on Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) to $22 from $24 and reaffirmed an Outperform rating. Muted comps and sales deleverage resulted in Q1 EBITDA below consensus estimates, at $14 million. The firm’s rating is driven by the stock’s appealing risk/reward profile, favorable business changes, and readiness to redirect capex from store growth to reinvestment.

Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) is a Texas-based company that owns and manages entertainment and dining venues. The company also provides food, drinks, and entertainment.

While we acknowledge the risk and potential of PLAY as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than PLAY and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years 

Disclosure: None. Follow Insider Monkey on Google News.

1281292 - 11759070 - 1