** Shares of restaurant chain operator Dave & Buster's Entertainment PLAY.O down over 16% at $30.41 premarket** If losses hold, PLAY is set to lose about $251 mln in market capitalization at current share price levels of $30.41, according to LSEG data
** Co's Q3 rev fell 3% to $453 mln from a year ago, missing analysts expectations of $465.54 mln, as per LSEG data
** CEO Chris Morris resigns from co; Kevin Sheehan to serve as interim CEO
** Brokerage Gordon Haskett downgrades co to "hold" from "buy" and trims PT to $34 from $40, a Wall-Street low among 10 analysts covering the stock - LSEG data** Brokerage sees continued low-income consumer headwinds pressuring PLAY's same-store sales over the next few quarters
** Up to Tuesday's close, stock fell ~31% YTD
(Reporting by Joel Jose in Bengaluru)
((joeljose@thomsonreuters.com))
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