Dave and Buster's Entertainment Inc (PLAY)

[TFMG]

$PLAY Dave & Buster's is a Good company but Bad stock to hold.

The stock of PLAY has 10 buy ratings and 1 overweight rating but it just keeps disappointing investors, SEEMINGLY IN CORRECTION SINCE JULY 2017, and it doesn't look like it is over. The stock has been selling off in quite high volume into earnings so investors are nervous regarding results and the chart technically is very BEARISH . Having lost all support from they MA'S it looks very vulnerable to a drop out of what could be interpreted as a bear flag formation. We think any bounce in the stock will be short lived and more downside is needed, to complete the overall C wave of the correction back to the $38-$34 region.

AVERAGE ANALYSTS PRICE TARGET $63
AVERAGE ANALYSTS RECOMMENDATION BUY

SHORT INTEREST 17.44%
P/E RATIO 17.25

COMPANY PROFILE
Dave & Buster's Entertainment, Inc. is an owner and operator of entertainment and dining venues under the name Dave & Buster's. Its concept is to offer its customers the opportunity to Eat Drink Play all in one location, through a full menu of casual dining food items and a full selection of non-alcoholic and alcoholic beverage items together with an extensive assortment of entertainment attractions, including skill and sports-oriented redemption games, video games, interactive simulators and other traditional games. The company was founded by David O. Corriveau and James W. Corley in 1982 and is headquartered in Dallas, TX .