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16 handpicked stocks

Topgolf Deal Impact | Dining Entertainment Stocks

Private equity firm Leonard Green & Partners is acquiring a majority stake in Topgolf, signaling a major bet on the future of experiential entertainment. This move could boost the entire 'eatertainment' sector, creating opportunities for companies that combine dining with engaging leisure activities.

Author avatar

Han Tan | Market Analyst

Published on November 19

Your Basket's Financial Footprint

This basket's total market capitalisation is $79.63B and is anchored by a few very large-cap constituents, giving it a generally stable profile. Large-cap concentration generally means lower overall volatility and closer tracking of broad market moves.

Key Takeaways for Investors:
  • Large-cap dominance generally implies lower volatility and performance that tends to track broad market moves.
  • Suitable as a core holding for diversified portfolios, not as a short-term speculative position.
  • Likely to deliver steady, long-term value rather than rapid, explosive short-term gains.
Total Market Cap
  • MODG: $1.89B

  • PLAY: $493.65M

  • AMC: $1.12B

  • Other

About This Group of Stocks

1

Our Expert Thinking

The recent Topgolf acquisition by Leonard Green & Partners signals major institutional confidence in the 'eatertainment' sector. This trend represents companies that successfully blend dining with engaging social activities, capitalising on consumers' growing appetite for memorable, out-of-home experiences rather than traditional entertainment alone.

2

What You Need to Know

This group focuses on the experiential economy - businesses that combine food, entertainment, and social interaction. From modern arcades and bowling alleys to live venues and theme parks, these companies benefit from consumer spending on experiences over material goods. The sector tends to be cyclical and tied to discretionary spending patterns.

3

Why These Stocks

Each company was selected for its role in the broader eatertainment ecosystem. Whether they're direct operators like Dave & Buster's, venue owners like Madison Square Garden, or supporting infrastructure providers, all benefit from the growing trend of consumers seeking immersive, social entertainment experiences that go beyond traditional dining or entertainment alone.

Why You'll Want to Watch These Stocks

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Major Money Is Moving In

When a major private equity firm backs Topgolf with over £600 million, it signals serious institutional confidence in the eatertainment space. This kind of backing often creates momentum across the entire sector.

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Experience Economy Is Booming

Consumers are increasingly choosing memorable experiences over material purchases. Companies that blend dining with entertainment are perfectly positioned to capture this growing trend and spending shift.

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Recovery Play With Upside

As people return to social activities post-pandemic, eatertainment venues are seeing renewed demand. This group includes both established players and innovative concepts ready to benefit from this recovery.

Get the full story on this Basket. Read our detailed article on its risks and potential.

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