Why Dave & Buster’s Stock Jumped 18% in March

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Dave & Buster’s Entertainment (NASDAQ: PLAY) shareholders beat a rallying market last month. Their stock gained 18% in March compared to a 4.2% rise in the S&P 500, according to data provided by S&P Global Market Intelligence.

The rally added to huge gains in the restaurant specialist’s shares following a slump as markets reacted to the start of the COVID-19 pandemic last March. Dave & Buster’s stock has underperformed over the longer term, up just 16% in the past five years compared to a 94% increase in the wider market.

Image source: Getty Images.

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