NEW YORK--(BUSINESS WIRE)--Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into Dave & Buster’s Entertainment, Inc. (NASDAQ: PLAY) for potential violations of the federal securities laws.
If you invested in Dave & Buster’s Entertainment, you are encouraged to obtain additional information by visiting https://www.bfalaw.com/cases-investigations/dave-busters-entertainment-inc.
Why is Dave & Buster’s Entertainment being Investigated?
Dave & Buster’s Entertainment, Inc. owns and operates 228 venues in North America that offer entertainment and dining experiences to guests through two distinct brands: Dave & Buster’s and Main Event.
During the relevant period, the company had been implementing a strategic initiative to revitalize the brand, led by the company’s CEO Christopher D. Morris, and told investors it was “pleased with the progress we’re making on our strategic initiatives[.]”
The Stock Declines as the Truth is Revealed
On December 10, 2024, Dave & Buster’s Entertainment announced its CEO had resigned and reported disappointing Q3 2024 financial results, revealing that the company had been working “for the last few months” to find a new CEO and that the transformational plan had failed to improve financial results. The company reported a 3% decline in Q3 2024 revenue and a 7.7% decline in comparable store sales, stating on the same-day earnings call that it was “frustrating” that its initiatives could not “poke through the macro environment[.]”
On this news, the price of the company’s stock fell over 15% during the course of trading on December 11, 2024.
Click here for more information: https://www.bfalaw.com/cases-investigations/dave-busters-entertainment-inc.
What Can You Do?
If you invested in Dave & Buster’s Entertainment you may have legal options and are encouraged to submit your information to the firm.
All representation is on a contingency fee basis, there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.
Submit your information by visiting:
https://www.bfalaw.com/cases-investigations/dave-busters-entertainment-inc
Or contact:
Ross Shikowitz
ross@bfalaw.com
212-789-3619
Why Bleichmar Fonti & Auld LLP?
Bleichmar Fonti & Auld LLP is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It was named among the Top 5 plaintiff law firms by ISS SCAS in 2023 and its attorneys have been named Titans of the Plaintiffs’ Bar by Law360 and SuperLawyers by Thompson Reuters. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.’s Board of Directors (pending court approval), as well as $420 million from Teva Pharmaceutical Ind. Ltd.
For more information about BFA and its attorneys, please visit https://www.bfalaw.com.
https://www.bfalaw.com/cases-investigations/dave-busters-entertainment-inc
Attorney advertising. Past results do not guarantee future outcomes.
