The Relative Strength (RS) Rating for Dave & Buster's moved up into a higher percentile Monday, as it got a lift from 66 to 78.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This exclusive rating from Investor's Business Daily identifies share price movement with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the trailing 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history reveals that the best stocks often have an RS Rating of at least 80 in the early stages of their moves. See if Dave & Buster's can continue to show renewed price strength and hit that benchmark.
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While it's not currently an ideal time to jump in, see if the stock manages to offer and clear an appropriate buy point.
While the company's bottom line growth fell in the company's most recent quarterly report from -45% to -81%, the top line rose 51%, up from 24% in the prior report. The next quarterly results are expected on or around Mar. 28.
The company holds the No. 28 rank among its peers in the Retail-Restaurants industry group. Texas Roadhouse and Chipotle Mexican Grill are also among the group's highest-rated stocks.
