Dave & Buster's Entertainment, Inc. has announced an increase to the company’s share repurchase authorization with an additional $100 million authorized for stock repurchase under the existing program. This decision was made by the company’s board of directors on December 16, 2024.
The company, which operates 228 venues in North America under the Dave & Buster's and Main Event brands, has 168 Dave & Buster’s branded stores in 43 states, Puerto Rico, and Canada. It also operates 60 Main Event branded stores in 21 states across the country.
This move comes as the company continues to provide premier entertainment and dining experiences to its guests. Dave & Buster's offers a full menu of entrées and appetizers, a complete selection of alcoholic and non-alcoholic beverages, and an extensive assortment of entertainment attractions centered around playing games and watching live sports and other televised events.
The increase in share repurchase authorization indicates the company's commitment to returning value to its shareholders. It also reflects confidence in the company's financial position and future cash flows.
Investors and analysts will be closely watching how this increased share repurchase authorization will impact the company's capital structure and overall financial performance in the coming quarters. Today the company's shares have moved -7.5% to a price of $26.89. If you want to know more, read the company's complete 8-K report here.
