Dave & Buster's Entertainment falls after BMO's price cut

Shares of entertainment and dining venues operator Dave & Buster's Entertainment PLAY.O fall 4% to $15.42

BMO Capital Markets cuts price target to $30 from $47

Concerned that tariff related dynamics will continue to weigh on consumer spending, particularly at the low-end where PLAY has meaningful exposure - brokerage

BMO says it is disappointed that PLAY is beginning another strategy "reset", pivoting execution against its strategic plan as it pushes out potential larger scale brand repositioning further

PLAY continues to realize outsized same-store sales pressure, with Q4 marking the eighth consecutive quarter of declines

Up to Tuesday's close, PLAY's stock was down 45% YTD