Piper Sandler Cuts Dave & Buster's Entertainment Price Target

Analysts lower price target for restaurant and entertainment chain

Apr. 6, 2026 at 4:33pm

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Piper Sandler, an investment bank, has reduced its price target for shares of Dave & Buster's Entertainment (NASDAQ:PLAY) from $22.00 to $14.00. The firm maintained a 'neutral' rating on the stock, citing challenges facing the restaurant operator.

Why it matters

Dave & Buster's has struggled in recent years as the COVID-19 pandemic disrupted its business model of combining dining and entertainment. This latest price target cut from Piper Sandler reflects ongoing concerns about the company's ability to recover and grow in a challenging economic environment.

The details

In a report issued on Monday, Piper Sandler analysts lowered their price target on Dave & Buster's shares from $22.00 to $14.00, while keeping a 'neutral' rating on the stock. The new $14.00 price target represents a potential upside of 15.33% from the company's current trading price.

  • Piper Sandler issued the updated price target and rating on Monday, April 6, 2026.

The players

Piper Sandler

An investment bank that provides research coverage and analysis on Dave & Buster's Entertainment.

Dave & Buster's Entertainment

A chain of combined restaurant and entertainment venues that caters to families, young adults, and corporate groups.

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What’s next

Investors will be closely watching to see if Dave & Buster's can execute a successful turnaround strategy and regain the confidence of Wall Street analysts.

The takeaway

This price target cut by Piper Sandler reflects the ongoing challenges facing Dave & Buster's as it navigates a difficult economic environment and works to recover from the impacts of the pandemic. The company's ability to adapt its business model and appeal to customers will be crucial in determining its future performance.