Jefferies Group Increases Dave Busters Price Target To 33

NEW YORK CITY -- Equities research analysts at Jefferies Group boosted their price objective on shares of Dave & Buster's Entertainment Inc. from $25 to $33 in a research note issued to investors this week. The firm currently has a "buy" rating on the stock. Jefferies Group's target price points to a potential upside of 28.86% from the stock's previous close.

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In December, the chain of 73 venues that combine full-service eateries with amusement machine arcades saw its stock open nicely higher after posting better-than-expected quarterly results. Revenue climbed nearly 15% to $163.5 million, fueled partly by new openings over the past year, but primarily by an 8.7% spike in comparable-store sales relative to last year's third quarter. | SEE NEWS RELEASE

After eight years of private ownership, Dave & Buster's made its public debut in the fall (Nasdaq:PLAY). | SEE STORY