Can an Activist Investor Save Dave & Buster's?

Dave & Buster's (NASDAQ: PLAY) was arguably hurt by the COVID-19 pandemic more than many other restaurants, because as an entertainment-focused chain, the communal nature of its atmosphere didn't jibe well with today's social distancing norms.

While the advent of a vaccine for coronavirus does hold out hope for a recovery, Dave & Buster's was an ailing restaurant before the outbreak began, as increased competition in the so-called "eatertainment" industry caused same-store sales to decline.

That attracted several activist investors to its stock, one of which it recently appointed to its board of directors. Yet in a post-pandemic, socially distanced world, can even an activist investor turn Dave & Buster's around? 

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Source Fool.com