Entertainment and dining venues operator Dave & Buster (PLAY) reported impressive third-quarter results. But, it is likely to be facing headwinds due to high input prices and the resurgence in COVID-19 cases. So, let’s discuss if it is wise to buy the stock now. Read on.Dallas, tex.-based Dave & Buster’s Entertainment, Inc. (PLAY) reported strong third-quarter earnings on December 8. While the quarterly revenue was less than the consensus estimate of $17.98 million, the adjusted earnings per share (0.01) beat the estimates by 62.8%. Its board of directors approved recently a $100,000,000 share repurchase programme. But, it stated that the company’s fourth-quarter revenue would be affected because of its Special Events business relative with 2019 as well as a shift on its calendar in significant holidays periods.

PLAY witnessed an increase in hedge funds sentiment recently. And the stock has lost 10.1% in price over the past month and 24.4% over the past nine months to close yesterday’s trading session at $34.37. PLAY currently trades 33.6% lower than its 52-week peak of $51.73, reached on March 26th, 2021.

You can also see that the COVID-19-omicron variation, supply and labor shortages and rising input prices make their near-term outlook uncertain.

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