BMO Capital analyst Andrew Strelzik lowered the firm's price target on Dave & Buster's to $22 from $24 and keeps an Outperform rating on the shares. The company's Q1 EBITDA came in $14M below consensus reflecting softer comps and sales de-leverage, though its quarter-to-date trends are modestly better and the management guided to positive comps for balance of FY26, the analyst tells investors in a research note. BMO adds it remains at Outperform thanks to the stock's favorable risk/reward, positive business changes, and willingness to shift capex from store growth in reinvestment.
