Dave & Buster's (PLAY) PT Lowered to $72 at Canaccord Genuity on 2Q Report; 'New Store Performance Exceeding Expectations... Comps Slow'

Canaccord Genuity lowered its price target on Dave & Buster's (NASDAQ: PLAY) to $72.00 (from $75.00) while maintaining a Buy rating, following the company's second quarter earnings report.

Analyst Lynne Collier notes the company delivered second quarter earnings per share above consensus projections, while management missed on revenues fueled by disappointing same store sale, even as new store performance continues to demonstrate upside.

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