1435 ET - Dave & Buster's Entertainment's visibility remains low for the arcade-restaurant operator after it reported weak results for its fiscal 4Q, Raymond James analysts say in a research note. The company plans to "unwind some mistakes" made in recent years as it searches for a new CEO, but its lower capital expenditure and higher free cash flow outlook could provide some downside support as well, the analysts say. "We continue to question if labor and other cost cuts have negatively impacted the guest experience," the analysts note. Raymond James raises its FY25 EPS estimate by 3 cents to $1.98 and its FY26 EPS forecast by 25 cents to $2.47. Shares fall 0.5% to $16.11. (sabela.ojea@wsj.com; @sabelaojeaguix)
(END) Dow Jones Newswires
April 08, 2025 14:35 ET (18:35 GMT)
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