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Dave & Buster's Entertainment, Inc. (PLAY) Stock Fundamental Analysis & AI Rating 2026

PLAY Nasdaq Retail-Eating Places DE CIK: 0001525769
Recently Updated • Analysis: Apr 14, 2026 • SEC Data: 2026-02-03
STRONG SELL
88% Conf
Pending
Analysis scheduled

📊 PLAY Key Takeaways

Revenue: $2.1B
Net Margin: -2.3%
Free Cash Flow: $-100.6M
Current Ratio: 0.29x
Debt/Equity: 17.02x
EPS: $-1.40
AI Rating: STRONG SELL with 88% confidence
Dave & Buster's Entertainment, Inc. (PLAY) receives a STRONG SELL rating with 88% confidence from our AI fundamental analysis based on SEC 10-K filings. With revenue of $2.1B, net profit margin of -2.3%, and return on equity (ROE) of -53.4%, Dave & Buster's Entertainment, Inc. demonstrates mixed fundamentals in the Consumer sector. Below is our complete PLAY stock analysis for 2026.

Is Dave & Buster's Entertainment, Inc. (PLAY) a Good Investment?

Claude

Dave & Buster's faces severe financial distress with a collapsing capital structure: negative net income of -$48.7M, negative free cash flow of -$100.6M despite $290.8M operating cash flow, and an unsustainable debt-to-equity ratio of 17.02x with only $91.2M equity backing $4.1B in assets. Declining revenues (-1.4% YoY), deteriorating liquidity (0.29x current ratio), and weak interest coverage (2.6x) indicate the company cannot service its $1.6B debt burden while remaining unprofitable.

Why Buy Dave & Buster's Entertainment, Inc. Stock? PLAY Key Strengths

Claude
  • + Maintains $2.1B revenue base with established brand recognition in experiential retail
  • + Generates positive operating cash flow of $290.8M from ongoing operations
  • + Operating income of $86.1M (4.1% margin) shows potential profitability at operational level

PLAY Stock Risks: Dave & Buster's Entertainment, Inc. Investment Risks

Claude
  • ! Extreme overleveraging with 17.02x debt-to-equity ratio and equity base of only $91.2M—equity cushion inadequate for $4.1B asset base
  • ! Negative free cash flow of -$100.6M combined with net loss of -$48.7M indicates unsustainable cash burn despite positive operations
  • ! Critical liquidity crisis with current ratio of 0.29x and only $16.6M cash against $1.6B long-term debt—refinancing risk is acute
  • ! Revenue decline of -1.4% YoY signals weakening demand in core business model
  • ! Weak debt service capacity with interest coverage of only 2.6x leaves minimal margin for operational deterioration

Key Metrics to Watch

Claude
  • * Free cash flow trajectory and path to positive FCF generation
  • * Debt refinancing terms and access to capital markets
  • * Revenue stabilization and store-level unit economics
  • * Equity cushion and covenant compliance ratios
  • * Operating cash flow sustainability and capex requirements

Dave & Buster's Entertainment, Inc. (PLAY) Financial Metrics & Key Ratios

Revenue
$2.1B
Net Income
$-48.7M
EPS (Diluted)
$-1.40
Free Cash Flow
$-100.6M
Total Assets
$4.1B
Cash Position
$16.6M

💡 AI Analyst Insight

The current ratio below 1.0x warrants monitoring of short-term liquidity.

PLAY Profit Margin, ROE & Profitability Analysis

Gross Margin N/A
Operating Margin 4.1%
Net Margin -2.3%
ROE -53.4%
ROA -1.2%
FCF Margin -4.8%

PLAY vs Consumer Sector: How Dave & Buster's Entertainment, Inc. Compares

How Dave & Buster's Entertainment, Inc. compares to Consumer sector averages

Net Margin
PLAY -2.3%
vs
Sector Avg 8.0%
PLAY Sector
ROE
PLAY -53.4%
vs
Sector Avg 18.0%
PLAY Sector
Current Ratio
PLAY 0.3x
vs
Sector Avg 1.5x
PLAY Sector
Debt/Equity
PLAY 17.0x
vs
Sector Avg 0.8x
PLAY Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Dave & Buster's Entertainment, Inc. Stock Overvalued? PLAY Valuation Analysis 2026

Based on fundamental analysis, Dave & Buster's Entertainment, Inc. shows some fundamental concerns relative to the Consumer sector in 2026.

Return on Equity
-53.4%
Sector avg: 18%
Net Profit Margin
-2.3%
Sector avg: 8%
Revenue Growth
N/A
Year-over-year
Debt/Equity
17.02x
Sector avg: 0.8x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Dave & Buster's Entertainment, Inc. Balance Sheet: PLAY Debt, Cash & Liquidity

Current Ratio
0.29x
Quick Ratio
0.19x
Debt/Equity
17.02x
Debt/Assets
0.0%
Interest Coverage
2.60x
Long-term Debt
$1.6B

PLAY Revenue & Earnings Growth: 5-Year Financial Trend

PLAY 5-year financial data: Year 2020: Revenue $1.4B, Net Income $42.4M, EPS $2.93. Year 2021: Revenue $1.4B, Net Income N/A, EPS $2.94. Year 2022: Revenue $2.0B, Net Income N/A, EPS $-4.75. Year 2023: Revenue $2.2B, Net Income N/A, EPS $2.21. Year 2025: Revenue $2.2B, Net Income $126.9M, EPS $2.79.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Dave & Buster's Entertainment, Inc.'s revenue has grown significantly by 63% over the 5-year period, indicating strong business expansion. The most recent EPS of $2.79 reflects profitable operations.

PLAY Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
-4.8%
Free cash flow / Revenue

PLAY Quarterly Earnings & Performance

Quarterly financial performance data for Dave & Buster's Entertainment, Inc. including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q3 2025 $448.2M -$9.0M $-0.26
Q2 2025 $557.1M $11.4M $0.32
Q1 2025 $567.7M N/A $0.62
Q3 2024 $453.0M N/A $-0.12
Q2 2024 $542.1M N/A $0.60
Q1 2024 $588.1M N/A $0.99
Q3 2023 $466.9M N/A $0.04
Q2 2023 $468.4M N/A $0.59

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

Dave & Buster's Entertainment, Inc. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
$290.8M
Cash generated from operations
Stock Buybacks
$23.9M
Shares repurchased (TTM)
Capital Expenditures
$391.4M
Investment in assets
Dividends
None
No dividend program

PLAY SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Dave & Buster's Entertainment, Inc. (CIK: 0001525769)

📋 Recent SEC Filings

Date Form Document Action
Apr 2, 2026 4 xslF345X06/ownership.xml View →
Mar 31, 2026 10-K play-20260203.htm View →
Mar 31, 2026 8-K play-20260331.htm View →
Mar 30, 2026 4 xslF345X06/ownership.xml View →
Mar 30, 2026 4 xslF345X06/ownership.xml View →

Frequently Asked Questions about PLAY

What is the AI rating for PLAY?

Dave & Buster's Entertainment, Inc. (PLAY) has an AI rating of STRONG SELL with 88% confidence, based on fundamental analysis of SEC EDGAR filings.

What are PLAY's key strengths?

Claude: Maintains $2.1B revenue base with established brand recognition in experiential retail. Generates positive operating cash flow of $290.8M from ongoing operations.

What are the risks of investing in PLAY?

Claude: Extreme overleveraging with 17.02x debt-to-equity ratio and equity base of only $91.2M—equity cushion inadequate for $4.1B asset base. Negative free cash flow of -$100.6M combined with net loss of -$48.7M indicates unsustainable cash burn despite positive operations.

What is PLAY's revenue and growth?

Dave & Buster's Entertainment, Inc. reported revenue of $2.1B.

Does PLAY pay dividends?

Dave & Buster's Entertainment, Inc. does not currently pay dividends.

Where can I find PLAY SEC filings?

Official SEC filings for Dave & Buster's Entertainment, Inc. (CIK: 0001525769) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is PLAY's EPS?

Dave & Buster's Entertainment, Inc. has a diluted EPS of $-1.40.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.

Is PLAY a good stock to buy right now?

Based on our AI fundamental analysis in April 2026, Dave & Buster's Entertainment, Inc. has a STRONG SELL rating with 88% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.

Is PLAY stock overvalued or undervalued?

Valuation metrics for PLAY: ROE of -53.4% (sector avg: 18%), net margin of -2.3% (sector avg: 8%). Compare these metrics with sector averages to assess valuation.

Should I buy PLAY stock in 2026?

Our dual AI analysis gives Dave & Buster's Entertainment, Inc. a combined STRONG SELL rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is PLAY's free cash flow?

Dave & Buster's Entertainment, Inc.'s operating cash flow is $290.8M, with capital expenditures of $391.4M. FCF margin is -4.8%.

How does PLAY compare to other Consumer stocks?

Vs Consumer sector averages: Net margin -2.3% (avg: 8%), ROE -53.4% (avg: 18%), current ratio 0.29 (avg: 1.5).

Is Dave & Buster's Entertainment, Inc. carrying too much debt?

PLAY has a debt-to-equity ratio of 17.02x, which is above the Consumer sector average of 0.8x. Combined with a current ratio below 1, this warrants careful monitoring of the balance sheet.

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: Apr 14, 2026 | Data as of: 2026-02-03 | Powered by Claude AI