What happened Restaurant operator Dave & Buster's Entertainment (NASDAQ: PLAY) soared 19% on Wednesday as its stock got caught up in the euphoria surrounding businesses reopening around the country. So what The entertainment-themed eatery did not have restaurants open during the shutdown, as many of its casual dining rivals did, since it did not have a takeout business in place. Consumers go to its restaurants as much for the atmosphere as the food and drink, so reopening its restaurants is essential for getting going again. Image source: Dave & Buster's Entertainment. Now what Dave & Buster's was already in trouble before the COVID-19 pandemic hit, with CEO Brian Jenkins telling analysts, "Currently, our dining rooms are the least-visited space in our four walls." Earlier this year, though, private equity firm KKR revealed it had taken a 10.7% stake in the chain with an eye toward shaking up the company toward improving performance, though it didn't detail any specific plans. At the time, Dave & Buster's stock had been trading at around $42 a share and briefly surged higher on the activist investor's position, but the shares began tumbling as the coronavirus outbreak began to gather steam, and then they lost 90% of their value the next month. The stock has more than tripled since those dark days, and shares have rallied several times over the last few weeks. With states allowing businesses to reopen, though, this is the first chance it has to show it can make good on its promise for change. 10 stocks we like better than Dave & Buster's EntertainmentWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Dave & Buster's Entertainment wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of April 16, 2020 Rich Duprey has no position in any of the stocks mentioned. The Motley Fool recommends Dave & Buster's Entertainment and KKR. The Motley Fool has a disclosure policy.Source