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Dave & Buster’s stock soars more than 18% again after CEO said a rerating to peer-group valuations could see the price double

Shares of Dave & Buster’s Entertainment Inc. PLAY scored an 18.8% rally toward a 13-month high in afternoon trading Tuesday, after the entertainment and dining venue operator laid out its plan to boost earnings, including modernizing its marketing strategy, raising prices on games, improve its food offerings and grow its special events business. The rally comes less than a week after it ran up 18.3% on June 7 on the back of a better-than-expected fiscal first-quarter profit report. Chief Executive Chris Morris said at the company’s investor day Tuesday that the stock trades at a “steep discount” to the shares of its peers….

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