Jim Cramer Highlights Dave & Buster’s Decline Over Time

Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) was among Jim Cramer’s stock calls on Mad Money, as he highlighted worthy space players and reviewed several of this year’s IPOs. Cramer started his game plan with the stock, as he stated:

Dave & Buster’s reports Monday. This one, which was taken private 20 years ago because the buyers thought it was undervalued, was then brought public 12 years ago to a successful debut. But the stock’s come all the way down to 12 bucks and change. Why bother? Alright, people are always stopping me and asking me how I form my views. What do I see? What do I do? Well, Dave & Buster’s has a conference call after they report their quarter. It’s chock-full of hints about the consumer. That’s how I make my view. That’s the worldview. It’s really the only reason to pay attention to it, though, but I gotta keep up with it.

Photo by Adam Nowakowski on Unsplash

Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) operates venues that combine dining, drinks, and a mix of games and attractions, including arcades, bowling, laser tag, virtual reality, and live sports viewing. The company reported its Q1 earnings on June 15, posting a non-GAAP EPS of $0.22, missing estimates by $0.44. Its revenue was down 1.5% year-over-year to $559.2 million, missing estimates by nearly $19.2 million.

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