Gratia Capital buys $27.9 Million stake in Dave & Buster's Entertainment (PLAY)

Dave & Buster's Entertainment (PLAY) : Gratia Capital scooped up 422,800 additional shares in Dave & Buster's Entertainment during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 715,058 shares of Dave & Buster's Entertainment which is valued at $27.9 Million.Dave & Buster's Entertainment makes up approximately 12.10% of Gratia Capital’s portfolio.

Other Hedge Funds, Including , Alliancebernstein boosted its stake in PLAY in the latest quarter, The investment management firm added 300,615 additional shares and now holds a total of 2,763,243 shares of Dave & Buster's Entertainment which is valued at $107.7 Million. Dave & Buster's Entertainment makes up approx 0.09% of Alliancebernstein’s portfolio.Cornerstone Capital Management Holdings. reduced its stake in PLAY by selling 10,943 shares or 19.79% in the most recent quarter. The Hedge Fund company now holds 44,350 shares of PLAY which is valued at $1.7 Million. Dave & Buster's Entertainment makes up approx 0.01% of Cornerstone Capital Management Holdings.’s portfolio.Teacher Retirement System Of Texas boosted its stake in PLAY in the latest quarter, The investment management firm added 928 additional shares and now holds a total of 3,805 shares of Dave & Buster's Entertainment which is valued at $148,281.Blackrock Advisors boosted its stake in PLAY in the latest quarter, The investment management firm added 29,371 additional shares and now holds a total of 80,319 shares of Dave & Buster's Entertainment which is valued at $3.1 Million. Princeton Alpha Management Lp sold out all of its stake in PLAY during the most recent quarter. The investment firm sold 6,076 shares of PLAY which is valued $237,268.

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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