Oak Hill Capital Management Lowers stake in Dave & Buster's Entertainment (PLAY)

Dave & Buster's Entertainment (PLAY) : Oak Hill Capital Management reduced its stake in Dave & Buster's Entertainment by 63.76% during the most recent quarter end. The investment management company now holds a total of 2,715,647 shares of Dave & Buster's Entertainment which is valued at $122,720,088 after selling 4,777,715 shares in Dave & Buster's Entertainment , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Dave & Buster's Entertainment makes up approximately 24.06% of Oak Hill Capital Management’s portfolio.

Other Hedge Funds, Including , Granahan Investment Management Incma boosted its stake in PLAY in the latest quarter, The investment management firm added 4,400 additional shares and now holds a total of 206,400 shares of Dave & Buster's Entertainment which is valued at $9,327,216. Dave & Buster's Entertainment makes up approx 0.31% of Granahan Investment Management Incma’s portfolio.Dynamic Technology Lab Private Ltd boosted its stake in PLAY in the latest quarter, The investment management firm added 15,019 additional shares and now holds a total of 23,575 shares of Dave & Buster's Entertainment which is valued at $1,065,354. Dave & Buster's Entertainment makes up approx 0.27% of Dynamic Technology Lab Private Ltd’s portfolio.Sheaff Brock Investment Advisors reduced its stake in PLAY by selling 5,443 shares or 16.17% in the most recent quarter. The Hedge Fund company now holds 28,226 shares of PLAY which is valued at $1,222,186. Dave & Buster's Entertainment makes up approx 0.15% of Sheaff Brock Investment Advisors’s portfolio. Montag A Associates Inc added PLAY to its portfolio by purchasing 21,571 company shares during the most recent quarter which is valued at $912,238. Dave & Buster's Entertainment makes up approx 0.12% of Montag A Associates Inc’s portfolio.Msi Financial Services Inc boosted its stake in PLAY in the latest quarter, The investment management firm added 750 additional shares and now holds a total of 755 shares of Dave & Buster's Entertainment which is valued at $34,285.

Dave & Buster's Entertainment opened for trading at $44.31 and hit $46.48 on the upside on Monday, eventually ending the session at $45.96, with a gain of 3.51% or 1.56 points. The heightened volatility saw the trading volume jump to 14,42,243 shares. Company has a market cap of $1,919 M.

On the company’s financial health, Dave & Buster's Entertainment reported $0.72 EPS for the quarter, beating the analyst consensus estimate by $ 0.13 according to the earnings call on Jun 7, 2016. Analyst had a consensus of $0.59. The company had revenue of $262.00 million for the quarter, compared to analysts expectations of $251.42 million. The company’s revenue was up 17.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.46 EPS.

Many Wall Street Analysts have commented on Dave & Buster's Entertainment. Dave & Buster's Entertainment was Downgraded by Stifel to ” Hold” on Jul 26, 2016.

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