UBS cuts target for Dave & Buster's stock from USD 12.00 to USD 9.00

Published on 10/20/2026 at 20:29 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Fiscal second-quarter revenue fell 2.40 percent to USD 544.10 million. Dave & Buster's stock costs EUR 7.03 on October 20, 2026 at 8:23 p.m. CEST.

Analyst target and earnings pressure

UBS Group cut its Dave & Buster's target from USD 12.00 to USD 9.00 on September 15, 2026.
Fiscal second-quarter revenue fell 2.40 percent to USD 544.10 million.
Dave & Buster's stock costs EUR 7.03 at Lang & Schwarz on October 20, 2026 at 8:23 p.m. CEST.
The company reported a fiscal second-quarter net loss of USD 12.50 million.

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UBS Group cut its target for Dave & Buster's Entertainment stock from USD 12.00 to USD 9.00 on September 15, 2026, while keeping a Neutral rating, according to MarketBeat. The lower target lies 14.21 percent above the USD 7.88 Nasdaq price quoted at 2:28 p.m. ET on October 20, 2026. The stock was trading at EUR 7.03 at Lang & Schwarz on October 20, 2026 at 8:23 p.m. CEST.

Revenue fell in the second quarter

Dave & Buster's reported fiscal second-quarter revenue of USD 544.10 million for the period ended August 4, 2026, down 2.40 percent from USD 557.40 million a year earlier. The company recorded a GAAP net loss of USD 12.50 million, compared with net income of USD 11.40 million in the prior-year quarter, according to Zacks Equity Research.

Profitability also weakened. Adjusted EBITDA fell to USD 98.90 million from USD 129.80 million, pulling the adjusted EBITDA margin down to 18.20 percent from 23.30 percent. Comparable-store sales declined 2.90 percent, while food and beverage revenue increased 9.60 percent to USD 211.50 million.

Stock remains near its yearly low

At USD 7.88 on Nasdaq at 2:28 p.m. ET on October 20, 2026, Dave & Buster's stock stood between its 52-week low of USD 6.26 and high of USD 22.10. The market capitalization was USD 274.6 million, and trading volume reached 805,987 shares at that time. These figures put the stock 64.34 percent below its 52-week high in the home-market currency.

Valuation and operating dates

The Nasdaq quote carried a negative P/E of -3.08 and trailing earnings per share of minus USD 2.42 on October 20, 2026. Dave & Buster's investor-relations page identifies the company as a Nasdaq-listed operator of more than 200 entertainment and dining venues across North America under the Dave & Buster's and Main Event brands.

The company held its fiscal second-quarter earnings conference call on September 14, 2026. Its first-half operating cash flow totaled USD 160.60 million, up from USD 129.80 million in the prior-year period, while adjusted free cash flow improved to positive USD 19.50 million from negative USD 36.50 million, according to Zacks Equity Research.

What does the target imply?

UBS's USD 9.00 target is 14.21 percent above the USD 7.88 Nasdaq price, but it is 25.00 percent below the former USD 12.00 target. The contrast reflects a recovery case that still depends on improving comparable-store sales and restoring margins after the fiscal second-quarter contraction.

Dave & Buster's and restaurant peers

Dave & Buster's combines arcade games, sports viewing, dining and group entertainment. The Cheesecake Factory (Nasdaq, USD): P/E 31.74, market capitalization USD 5.8 billion. Texas Roadhouse (Nasdaq, USD): P/E 27.21, market capitalization USD 11.2 billion.

Price and investor perspective

The euro quote places the stock at EUR 7.03 at Lang & Schwarz on October 20, 2026 at 8:23 p.m. CEST, while the Nasdaq quote was USD 7.88 at 2:28 p.m. ET on the same date. The different currencies keep the two venue-specific price levels separate. The further course of trading is shown by the continuously updated real-time quote of Dave & Buster's stock.