((Automated translation by Reuters, please see disclaimer https://bit.ly/rtrsauto))
Dec. 11 – **Shares of restaurant chain Dave & Buster’s Entertainment PLAY.O fell more than 16% to $30.41 premarket
**If losses continue, PLAY is expected to lose approximately $251 million in market capitalization at the current share price level of $30.41, according to LSEG data
** The company’s third-quarter revenue fell 3% to $453 million from a year earlier, missing analysts’ expectations of $465.54 million, according to LSEG data
**Chief executive Chris Morris resigns from company; Kevin Sheehan will take over as interim
** Brokerage Gordon Haskett downgrades Co from “buy” to “hold” and cuts PT from $40 to $34, the lowest on Wall Street among 10 analysts covering the stock – LSEG data
** Brokerage predicts headwinds from lower-income consumers will continue to weigh on PLAY’s same-store sales in coming quarters
**Through Tuesday’s close, the stock was down about 31% year to date
Canada
