Dave & Buster’s Entertainment (NASDAQ:PLAY) closed on the acquisition of Main Event from Ardent Leisure Group Limited.
The retailer is now moving forward on capitalizing on the enormous opportunity that it sees from the deal.
CEO update: “These two brands perfectly complement each other, and their joining puts our Company in a strategically unparalleled position for accelerated, profitable growth under the leadership of Chris Morris. Chris’ track-record of effective execution and prudent leadership will be invaluable in unlocking additional value for our shareholders.”
Dave & Buster’s set a conference call for July 12 to report combined historical results.
The Seeking Alpha Quant Rating on PLAY flipped to Buy from Hold on May 16.
The stock is also popular on Wall Street, with seven out of the nine firms covering it with a Buy-equivalent rating or higher.