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Dave & Buster's Entertainment, Inc.Dave & Buster's Entertainment, Inc.Dave & Buster's Entertainment, Inc.

Dave & Buster's Entertainment, Inc.

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PLAY trade ideas

Stock Of The Day / 12.12.24 / PLAY12.12.2024 / NASDAQ:PLAY Fundamentals. CEO resignation amid yesterday's negative report. The so-called second-day trade. Technical analysis. Weekly chart: Exit down from multi-year accumulation. Daily chart: The previous day closed near the strong level 29.34 formed by the trend break in September. We expect a continuation of the downward movement. Premarket: no activity. Trading session: Pure downward movement after the opening of the session. After the reaction to the level 27.00, the price entered a two-hour accumulation with a gradual tightening to the level. After the breakout, the price clearly holds the level, forming a mini tightening on the opposite side. A failed attempt to return beyond the level in the form of a candle with a tail against the trend strengthens the signal to short. Trading scenario: breakdown with retest (tightening with retest) of the level 27.00 Entry: 26.89 when the structure of the mini tightening is broken. It is acceptable an aggressive entry into the breakdown without waiting for a retest. Stop: 27.14 we hide it behind the tail of the failed return attempt. Exit: After the breakdown we observe a smooth movement without a trend structure. It is optimal to take profit in parts for such movements upon reaching certain target RR profit (1/3, 1/4, etc.) with subsequent tightening of the stop. Risk Rewards: 1/6
NASDAQ:PLAYShort
by AlexX31
Dave & Buster’s (NASDAQ: $PLAY) Surges 16% After Q2 BeatDave & Buster’s (NASDAQ: NASDAQ:PLAY ) saw a notable spike in its stock price following its Q2 2024 earnings report, which exceeded Wall Street expectations. The arcade and dining chain reported significant growth in earnings, boosted by better restaurant margins and lower operating costs, positioning the company to potentially reverse its prolonged downtrend. Let’s dive into the fundamental and technical factors that are driving this stock and what investors can expect moving forward. Strong Earnings Beat Despite Sales Challenges Earnings Performance: Dave & Buster's Q2 earnings surged 65% to $0.99 per share, surpassing FactSet estimates of $0.84 per share. On an adjusted basis, earnings rose 19% to $1.12 per share, also beating forecasts of $0.84. This increase in earnings was largely driven by improved restaurant margins and cost control measures. Revenue Growth: The company’s total revenue increased by 2.8% to $557.1 million, slightly below analyst expectations of $560.6 million. While food and beverage revenue remained flat, the entertainment segment—crucial for Dave & Buster’s business model—saw over 4% growth, contributing to the overall positive results. Same-Store Sales Decline: Comparable store sales dropped 6.3%, missing the anticipated 3.6% decline. CEO Chris Morris acknowledged the challenges in the current environment but expressed optimism about ongoing initiatives, including store remodels, new menu offerings, and pricing adjustments aimed at boosting future performance. Strategic Moves and Share Repurchase Program: The company repurchased $47.4 million worth of shares during the quarter, bringing the total buybacks for the year to $60 million. With $140 million still available under its current repurchase plan, Dave & Buster’s is actively returning capital to shareholders while investing in strategic initiatives to drive future growth. Outlook: Morris highlighted substantial growth in the special events segment and stronger forward bookings for fiscal 2024, suggesting improved business conditions ahead. The company’s focus on remodels and optimized pricing strategies is expected to enhance revenue, EBITDA, and cash flow in upcoming quarters. Bullish Reversal Pattern Points to Further Upside Current Price Action: Following the earnings report, (NASDAQ: NASDAQ:PLAY ) shares surged nearly 15% in premarket trading on Wednesday. This move indicates a potential break of the downtrend that has plagued the stock for much of 2024, where shares had fallen over 44% year-to-date through Tuesday’s close. Chart Pattern: Bullish Flag Formation: Technically, the stock is showing signs of a bullish flag pattern—a strong reversal signal often characterized by a falling wedge within a broader uptrend. The flagpole represents the sharp rise after earnings, and a break above the flag’s resistance could signal further upside. Key Indicators: RSI and Moving Averages: The Relative Strength Index (RSI) sits at 31, suggesting the stock is in oversold territory, with room for significant growth. The next pivot is the 200-day moving average near $40. Breaking above this level would confirm a bullish reversal, potentially setting the stage for new highs. Resistance and Price Targets: If the momentum holds, the immediate resistance lies at the 50-day moving average, which aligns with the upper boundary of the flag pattern. A sustained breakout could propel the stock towards the next resistance levels around $45 and $50. Conclusion: A Promising Path Forward Amid Challenges Dave & Buster’s Q2 results reflect resilience amid challenging market conditions, bolstered by strategic initiatives and improved operational efficiencies. While comparable store sales remain a concern, the company’s focus on store remodels, new menu offerings, and targeted pricing strategies are likely to yield positive results in the medium term. Technically, the bullish flag pattern combined with favorable RSI readings supports a potential upward move, especially if the stock can maintain momentum above key moving averages. For investors, NASDAQ:PLAY presents an intriguing opportunity, balancing solid earnings performance with promising technical indicators. However, the road ahead isn’t without risks. The company must continue navigating the complex economic environment and execute its strategic initiatives effectively to sustain its newfound momentum. As Dave & Buster’s works to revitalize its brand and operations, it remains a stock worth watching closely.
NASDAQ:PLAYLong
by DEXWireNews
PLAY | InformativeNASDAQ:PLAY Analysis of Dave & Buster's Entertainment, Inc. (PLAY) Current Status Price: $39.58 Moving Averages: Short-term moving averages indicate bearish momentum, with the price currently below them. Bullish Scenario Bullish Trigger Line: $39.78 Confirmation: A break and close above $39.78 could signal a potential bullish reversal. Target Prices for Bullish Scenario: Target Price 1: $40.80 Target Price 2: $44.63 Ultimate Bullish Target: $50.35 Bearish Scenario Bearish Line: $38.79 Confirmation: A break and close below $38.79 would reinforce bearish sentiment. Target Prices for Bearish Scenario: Target Price 1: $37.69 Target Price 2: $35.44 Additional Observations Volume: There was a significant volume spike recently, suggesting strong market interest and potential for volatility. RSI (Relative Strength Index): Currently below 50, indicating bearish momentum but showing signs of potential reversal.
NASDAQ:PLAY
by shkspr
Dave & Buster's Thriving Surged By 11.5% On Profit Metric BeatDave & Buster's Entertainment Inc. (NYSE: NASDAQ:PLAY ) has been making waves in the stock market recently, with its shares surging on the back of impressive financial performance and strategic moves to enhance shareholder value. Despite facing challenges in the fourth quarter, the game-themed restaurant chain has showcased resilience, leaving investors bullish on its prospects. Let's delve deeper into what's been driving this surge and what lies ahead for Dave & Buster's. The Resilience in Numbers: Dave & Buster's ( NASDAQ:PLAY ) recent earnings report revealed a robust performance, exceeding analyst expectations in key areas. Notably, the company reported fourth-quarter earnings before interest, taxes, depreciation, and amortization (EBITDA) of $151.8 million, marking a significant 9.7% increase from the previous year. This stellar EBITDA figure showcases the effectiveness of the company's turnaround plan, spearheaded by CEO Chris Morris. Strategic Expansion and Initiatives: Dave & Buster's ( NASDAQ:PLAY ) isn't resting on its laurels. The company is aggressively expanding its footprint, with plans to open more domestic stores and venture into international markets. The addition of six new domestic stores in the last fiscal year and the announcement to add 15 more, along with up to four international units, underscore the company's commitment to growth. Moreover, strategic initiatives such as location overhauls, menu adjustments, and price revisions have proven effective in driving sales and enhancing customer experience. Shareholder Value Enhancement: In a move to further bolster shareholder value, Dave & Buster's announced an increase in its stock buyback program by $100 million, bringing the total value of shares authorized for repurchase to $200 million. This signals management's confidence in the company's future prospects and its commitment to returning value to shareholders. Navigating Challenges and Future Outlook: Despite its impressive performance, Dave & Buster's faced challenges in the fourth quarter, with earnings per share (EPS) and revenue missing forecasts. However, executives attributed this to adverse weather conditions impacting restaurant traffic in January. With a positive outlook and new initiatives on the horizon, including measures to counteract near-term macroeconomic pressures, analysts remain optimistic about Dave & Buster's future growth trajectory. Investor Sentiment and Market Performance: Investors have responded positively to Dave & Buster's recent performance, with shares trading near their all-time high and experiencing a remarkable surge of over 25% year-to-date. Analysts, including Truist Securities, have raised their price targets on the stock, reflecting confidence in the company's ability to deliver sustained growth and value creation. Technical Outlook Dave & Buster ( NASDAQ:PLAY ) stock is Trading above the 200-day Moving Average (MA) with a bullish Relative Strength Index (RSI) of 67.38 indicating further room for growth from the ticker.
NASDAQ:PLAYLong
by DEXWireNews
PLAY Dave & Buster's Entertainment Options Ahead of EarningsAnalyzing the options chain and the chart patterns of PLAY Dave & Buster's Entertainment prior to the earnings report this week, I would consider purchasing the 43usd strike price at the money Puts with an expiration date of 2023-12-15, for a premium of approximately $2.28. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NASDAQ:PLAYShort
by TopgOptions
PLAY | Excellent Long Term Play | LONGDave & Buster's Entertainment, Inc. owns and operates entertainment and dining venues for adults and families in North America. Its venues offer a menu of entrees and appetizers, as well as a selection of non-alcoholic and alcoholic beverages; and an assortment of entertainment attractions centered on playing games and watching live sports, and other televised events. The company operates its venues under the Dave & Buster's name. As of January 30, 2022, it owned and operated 144 stores located in 40 states, Puerto Rico, and one Canadian Province. The company was founded in 1982 and is headquartered in Coppell, Texas.
NASDAQ:PLAYLong
by DivergenceSeeker
2
PLAY -ing with Fire Up here - Dave & Busters Eatertainment ChainDave & Buster's is an American restaurant and entertainment business headquartered in Dallas. Each Dave & Buster's has a full-service restaurant and a video arcade. As of January 2022, the company has 144 locations in the United States and two in Canada. A quick scan of Google Maps D&B locations shows that very few are rated above 4 stars This is a large national chain with a good footprint, however the upside is limited if common Americans begin to slow down discretionary spending.
NASDAQ:PLAYShort
by noam_chom
Earnings watch 6/7+6/6 FUTU GTLB COUP 6/7 ASO PLAY CBRL SOL SJM GIII HOLX Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends... *3x lucky 7s of trading* 7pt Trading compass: Price action, entry/exit Volume average/direction Trend, patterns, momentum Newsworthy current events Revenue Earnings Balance sheet 7 Common mistakes: +5% portfolio trades, capital risk management Beware of analyst's motives Emotions & Opinions FOMO : bad timing, the market is ruthless, be shrewd Lack of planning & discipline Forgetting restraint Obdurate repetitive errors, no adaptation 7 Important tools: Trading View app!, Brokerage UI Accurate indicators & settings Wide screen monitor/s Trading log (pencil & graph paper) Big, organized desk Reading books, playing chess Sorted watch-list Checkout my indicators: Fibonacci VIP - volume Fibonacci MA7 - price pi RSI - trend momentum TTC - trend channel AlertiT - notification tickerTracker - MFI Oscillator www.tradingview.com
NASDAQ:PLAY
by Options360
2
PLAY | GuidanceJournal Entry Bias: Positive. Sentiment: Optimistic. Emoji (emotion): Smart 👨‍🏫. Null Hypothesis: Buy. Alternative Hypothesis: Sell. Signals: ... Position: Short term day trade. Notes: I'm anticipating the market to buy the earnings surprise 3/28/22 AMC: www.estimize.com Barron's Company Overview: www.barrons.com . Other: ... Tutorial: (Q/A) What exactly is the box labeled tolerance? The box labeled tolerance is a defined range of value & time that qualifies the right to exit the trade after a profit is made; as long as the security is inside the box and above the trade's entry one could say the profit is within tolerance, likewise if the security is outside the box either because of value or time one could say the profit is not within tolerance. It's a way to add parameters to the future outcome (as a means to grade the journal entry) while simultaneously providing leniency in the ability to achieve success with said journal entry. About the Security: "Dave & Buster's Entertainment, Inc. engages in the ownership and operation of entertainment and dining venues under the name Dave & Buster's. It offers a full menu of entrées and appetizers, a selection of alcoholic and non-alcoholic beverages, and an assortment of entertainment attractions centered around playing games and watching live sports and other televised events. The company was founded by David O. Corriveau and James W. Corley in 1982 and is headquartered in Dallas, TX." Social: I'm happy to hear from my readers/audience and I encourage constructive feedback; although I'm busy I will give my best effort to reply. I strive to build an esteemed reputation & following, as well as earn the title as one of Tradingview's pinescript Wizards and Top Authors. About the Author: I'm a financial scientist and one of my sources of income is trading, that is to say anything offered to the community is apart of my scientific journal or goodwill to mankind (you're very welcome). With that said I'd like to make two things clear, (1) I'm not a Wall Street retailer I'm not trying to sell you products or services (2) I'm not a Wall Street advertiser I'm not trying to market the purchase of securities to you. Disclaimer: My journal entry is not a complete prospectus, please consider it accordingly.
NASDAQ:PLAYLong
by UnknownUnicorn28743597
Dun & Busters USASun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series Focus: Worldwide By Sun Storm Investment Research & NexGen Wealth Management Service A Profit & Solutions Strategy & Research Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures | USA | Canada | UK | Germany | France | Italy | Rest of Europe | Mexico | India Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision. #debadipb #profitsolutions
NASDAQ:PLAY
by Sunstorminvest
🟢ADDED to $PLAY New Target 49.17 for 38.94 (Risk Level - Med)🟢 $PLAY Target 49.17 for 38.94 (Risk Level - Med) Or double position at - 24.13 Added here today below my next add level so that’s happy… @ 32.88 New Target set… ----- — On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average. Numbers with an A are places that are a good idea to add if you can. Numbers with a D are places where you should double your position. I start every position with .5 - 1% of my account and build from there as needed and as possible. I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed. GL and happy trading.
NASDAQ:PLAYLong
by SPYder_QQQueen_Trading
1
🟢NEW POSITION $PLAY Target 51.69 for 46.43% $PLAY Target 51.69 for 46.43% Or double position at 24.13 With optional adds at 34.67, and 29.84 — On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average. I start every position with 1% of my account and build from there as needed and as possible. I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed. GL and happy trading. I finally added my YouTube Training Video to my profile tagline since I’m not allowed to on here. It’s a quick 15 minute training video on how to set up your chart and how to spot opportunities. So check here first but If you have questions just message me. If you understand options at all I’m trying to learn so shoot me some pointers…
NASDAQ:PLAYLong
by SPYder_QQQueen_Trading
How I Find The Best Trades Every Time: My 3 Step SystemOn my $500,000 margin account thus far, I’ve realized more than $65,000. Now, I put $250,000 in cash into this, and since it is a margin account I got $500,000 in buying power. Today I want to show you my three-step process of how exactly I find these trades, and I want to show you two very specific examples of trades that I took today (At the time of this writing on April 15th, 2021). So let’s take a look at how I found and executed these trades with this three-step approach. Step Number One: Find The Right Stocks So step number one is where I use the tool, the PowerX Optimizer, and the Wheel Scanner. I want to show you exactly what this does because the strategy that I use is called The Wheel Strategy. This strategy means that you are first selling puts to collect premium. The second part of this strategy is, you may or may not get assigned the stock. If you do get assigned, you move on to the third step where you sell covered calls. So here is exactly what I do, and what I did this morning. The scanner within the PowerX Software updates every two minutes and shows me a list of stocks that meet my criteria. What criteria am I’m looking for? I want to make at least 30 percent annualized in premium that I would collect. So here’s what I do. First of all, I know that the stocks the scanner pulls up already meet my criteria. Then I look at the charts to identify support and resistance, mainly support, which is actually step number two. Step Number Two: Look For Support I look to see if there is any support. This helps me figure out if I want to own the stock at the strike price that comes up on the scanner. So for example, American Airlines came up with a strike price, as you can see, of 20 or 20.5. So the key question here is, “Do I want to own (AA) at the price of $20.5?” Well, looking back at American Airlines to pre-pandemic levels in 2019. I see that American Airlines has been trading very solidly between $26 and $38. So it seems to be a good company to buy at $20.50. Again, this is my main criteria here, deciding if I want to own the stock at the strike price. However, in the short run, I believe with all of the uncertainty that is going on with the pandemic right now, that the airlines might be hurt. I mean, you might have heard a few days ago that Johnson and Johnson’s vaccine got labeled as potentially dangerous, and therefore it is paused right now. It also seems that around the world, the outbreaks are flaring up here in the United States. It seems to be under control, but worldwide there’s a problem. So do I really want to own American Airlines? They dropped down as low as $8. So is this a good price to own them? This is where I can flag them as saying yes, no, or maybe. Now let’s talk about the two stocks that came up this morning that I liked (April 15th, 2021). The first one was (PLAY). So PLAY, Dave and Busters, came up with a strike price of 41.50. This is where I thought, “do I want to own PLAY at $41.50?” I looked back and zoomed out a little bit to pre-pandemic times before the coronavirus hit. They have traded solidly around $38. They’ve been trading as high as $64. I thought about if I’d be OK owning PLAY, at $41.50. So this is where I sold puts that expire next Friday. So the idea here is that we are staying above $41.50 by next Friday. So here is what happens if I’m right. I sold 24 contracts and I sold them at 50 cents each. Since options come in hundred packs, that’s $50. So the premium collected for 24 contracts, times $50, is $1,200. $1,200 for a little bit over a week, with today being April the 15th. It expires on April 23rd. So in 8 days, this is not bad at all. Right? This means that I’m making $150 a day. Now, if it closes below $41.50 I get assigned, and I am okay with this because this is where I decided I want to own the stock at $41.50. The other one that popped up this morning was Schwab (SCHW). Schwab reported earnings and as a result of this. They plummeted down and there was some really good premium in there, so I sold the 63.50. I sold 16 contracts for 14 cents. Now, this is expiring tomorrow, so this is a different play, right? The premium I collected here was $224. So obviously way less than the premium that I collected here for PLAY, but this is a play that expires tomorrow. So we want to make sure that tomorrow, April 16th, if Schwab closes above $63.50 I just collect the premium and have nothing else to do. If Schwab goes below 63.50 by tomorrow this is when I get assigned. So the important criteria here is, for the Wheel Scanner, is the so-called premium per day, or PPD. So in order for my account size to make the 30 percent annualized in premium I want to see at least $100 per day. So with PLAY, I’ll collect $1,200 in 8 days, when it expires next Friday. This means that we are looking at $150 per day. Then we had Schwab, and we collected $224. If we count today, this makes 2 days, so this brings our PPD to $112. So my goal is to collect $100 per day, and I want to be in 5 positions at any given time. So if we can do this, this would be $500 per day. $500 per day (this includes weekends), for 365 days, comes to over $180,000 per year, and I’m doing this on a $250,000 cash account, which is a $500,000 margin account. So, and as you can see, this is a little bit more than the 30 percent annualized, as you can see here. If we divide $180,000 by $500,000, then we see it is 36 percent. So there we go. You know what, sometimes I achieve the goal, sometimes I don’t. Well so far, this year, I’ve realized $65,000 in profits. So this is REALIZED profits. Now I do have unrealized profits and losses, and we’ll see how this turns out. And this is in 4 and a half months. So I’m basically on track to make a little bit more than the 36 percent here that I have as a goal. I’m on track to make probably around $200,000 for the year. Step Number 3: Any Negative News? This step involves checking to see if there is any negative news. Here’s how I do this. I just Google the stock and click on “News.” When you click on “news,” it shows you the Google searched for news articles, and you can scan these for any negative news. What I’m mainly concerned about here are lawsuits, and clinical trials. When they have a clinical trial, they can either go very well or very badly. Possible bankruptcies, bankruptcy. So these are the key things that I’m looking for when I look for negative news. Summary So how do I find the best trades to trade? My three-step process is I like to make my life simple and easy by using the PowerX Optimizer and running the Wheel Scanner, because I want to make, on a $250,000 cash account, around $180,000 per year. That would be $15,000 dollars per month. For me, this is trading for a living. I can cover my living expenses with $15,000 per month. Step number one is where I get the technical criteria. Next is where you look for support and decide if you want to own the stock at the strike price. This is where you simply go through the scanner and say, “yes, no, or maybe.” Finally, is there any negative news? Because if it is too good to be true it is. You should definitely look up stocks on Google, click on “news.” So you can just read through this fairly quickly and make an informed decision. So that’s basically it. This is my three-step approach to finding the best trades.
NASDAQ:PLAYEducation
by rockwelltrading
1