Anandar Capital Management Lp Lowers stake in Dave & Buster's Entertainment (PLAY)

Dave & Buster's Entertainment (PLAY) : Anandar Capital Management Lp reduced its stake in Dave & Buster's Entertainment by 29.39% during the most recent quarter end. The investment management company now holds a total of 308,700 shares of Dave & Buster's Entertainment which is valued at $12 Million after selling 128,500 shares in Dave & Buster's Entertainment , the firm said in a disclosure report filed with the SEC on May 13, 2016.Dave & Buster's Entertainment makes up approximately 8.60% of Anandar Capital Management Lp’s portfolio.

Other Hedge Funds, Including , Kennedy Capital Management boosted its stake in PLAY in the latest quarter, The investment management firm added 1,114 additional shares and now holds a total of 41,304 shares of Dave & Buster's Entertainment which is valued at $1.6 Million. Dave & Buster's Entertainment makes up approx 0.03% of Kennedy Capital Management’s portfolio.Martingale Asset Management L P reduced its stake in PLAY by selling 5,102 shares or 34.23% in the most recent quarter. The Hedge Fund company now holds 9,805 shares of PLAY which is valued at $382,101. Dave & Buster's Entertainment makes up approx 0.01% of Martingale Asset Management L P’s portfolio.Blackrock Institutional Trust Company N.a. reduced its stake in PLAY by selling 804 shares or 0.12% in the most recent quarter. The Hedge Fund company now holds 642,909 shares of PLAY which is valued at $25.1 Million.Columbus Circle Investors reduced its stake in PLAY by selling 140,871 shares or 17.95% in the most recent quarter. The Hedge Fund company now holds 644,019 shares of PLAY which is valued at $25.1 Million. Dave & Buster's Entertainment makes up approx 0.23% of Columbus Circle Investors’s portfolio.

Dave & Buster's Entertainment opened for trading at $38.34 and hit $38.83 on the upside on Wednesday, eventually ending the session at $38.58, with a gain of 0.52% or 0.2 points. The heightened volatility saw the trading volume jump to 3,97,520 shares. Company has a market cap of $1,608 M.

On the company’s financial health, Dave & Buster's Entertainment reported $0.53 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Mar 29, 2016. Analyst had a consensus of $0.43. The company had revenue of $234.22 million for the quarter, compared to analysts expectations of $229.35 million. The company’s revenue was up 13.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.33 EPS.

Many Wall Street Analysts have commented on Dave & Buster's Entertainment. Company shares were Reiterated by Stifel on Mar 30, 2016 to “Buy”, Firm has raised the Price Target to $ 50 from a previous price target of $46 .

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