Schaeffer's Top Stock Picks for '25

Earnings Beat Sends Dave & Buster's Stock Surging

PLAY is looking to topple a key trendline

Digital Content Manager
Jun 7, 2022 at 9:12 AM
facebook X logo linkedin


The shares of Dave & Buster's Entertainment Inc (NASDAQ:PLAY) are up 7.1% at $39.90 this morning, following the company's first-quarter earnings report. PLAY posted profits of $1.35 per share on $451.1 million in revenue, topping analysts' estimates. The restaurant and entertainment concern also shared a 10.9% increase in same-store sales since 2019, noting that business has continued to strengthen into the second quarter. 

While PLAY has had a choppy couple of months, losing 85% since the beginning of the year, the $34 level has worked as something of a floor on the chart. The region has been the home of several bounces this year, though the equity's most recent lost steam at the 20-day moving average. However, today's jump has PLAY set to open well above the trendline. 

Analysts have yet to chime in, though sentiment is mostly bullish. Of the seven in coverage, five consider PLAY a "strong buy," with just two "hold" ratings. On the other hand, short interest has been on the rise, up 10% in the last two reporting periods, and represents 12.3% of the stock's available float. 

Dave & Buster's options traders  have also taken a pessimistic stance. The security's Schaeffer's put/call volume ratio (SOIR) of 1.93 sits higher than all but 3% of readings from the past year. This means short-term options traders have rarely been more put-biased. 

 
 

You have the chance to join one of Bernie's most exclusive programs, complete access at HUGE savings!

As we prepare for a new administration to take the reins in Washington, the near-term market landscape is rife with uncertainty.

The Federal Reserve has already hinted at the turbulence ahead, lowering its interest rate outlook for 2025.

Meanwhile, breakthroughs in artificial intelligence (AI), quantum computing, and other transformative sectors have unlocked incredible profit potential.

But these opportunities are fleeting, and timing is everything. That's where Quick-Hit Trader comes in.

Quick-Hit Trader is designed for precision and speed, getting you in and out of the market in a flash. While other investors scramble to navigate volatile conditions, you'll have access to expertly curated trades that leverage these rapid shifts to deliver explosive profits in short order.

This is your chance to capitalize on the fast-moving market like never before. Are you ready to make your move?