Savvy Trades and Investments

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PLAY -2.20 to 18.61 after a credit rating downgrade -

Dave & Buster's Entertainment shares fell after S&P Global Ratings
downgraded its outlook to negative from positive.
The stock fell 11% to $18.60, at one point touching a 52-week low of $18.26.
Shares have lost about 70% of their value over the past year.
S&P Global Ratings said Tuesday that it lowered its outlook for the Dallas
dining-and-entertainment venue operator due to broader pressure on
discretionary spending, as well as uncertainty that planned store openings
and renovations will improve traffic and stabilize same-store sales.
The ratings agency said household spending is tight, particularly among
lower-income customers. Dave & Buster's offers a highly discretionary
service that faces competition from both restaurants and entertainment
venues, S&P said.
Dave & Buster's has already reported seven straight quarters of same-store
sales declines, the ratings agency noted. S&P expects a base case in which
Dave & Buster's same-store sales growth improves but is still negative.