Best Retail Stocks To Buy Before $1,400 Checks Go Out

That is going to change quickly once its target market of 35-year-old and up females with above-average incomes feels safe to head out shopping once again.

Dave and Buster's

Dave & Buster's Entertainment Inc. (NASDAQ: PLAY) is also primed to grow from the latest sales jump.

It is not just clothing stores that are starting to see a rebound. Even food and drinking places saw a 6.9% rise from December levels. When the all–clear is sounded later this year, restaurants will see an explosion as people head back out to grab a bite and relax.

Dave and Buster's will see revenue and profits explode when it can finally get all of its stores open again. Although the combination restaurant/arcade has 139 locations across the country, an average of just 74 of those were open in the last quarter. The company hopes to get that number back up to 100 or more by the end of the first quarter of 2020.

In addition to the food and games, Dave and Buster's is also a big sports bar. To increase patronage in a post-pandemic world, Dave and Buster's is looking into forming a partnership with a sports betting company to add that to its list of attractions.

That makes this an especially good opportunity to get in before these catalysts ignite growth later in the spring.

Two of the largest shareholders are Hill Path Capital, an activist fund, and KKR & Co. Inc. (NYSE: KKR), the elite private equity firm. It's a good sign when you're investing alongside firms like these, and they'll be sure to step in and push management in the right direction if needed.

Conn's Inc.

Conn's Inc. (NASDAQ: CONN) could also see a turnaround in sales and profits once shoppers are back out in full force later this year. Conns sells large ticket items like appliances, furniture, and consumer electronics with locations in 14 states.

View single page >> |

Disclaimer: Any performance results described herein are not based on actual trading of securities but are instead based on a hypothetical trading account which entered and exited the suggested ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.