Lucky Strike Entertainment (NYSE:LUCK) Cut to Sell at Wall Street Zen

Wall Street Zen lowered shares of Lucky Strike Entertainment (NYSE:LUCK) from a hold rating to a sell rating in a research note released on Saturday.

Several other brokerages have also weighed in on LUCK. Zacks Research raised shares of Lucky Strike Entertainment from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 10th. Weiss Ratings restated a “sell (d-)” rating on shares of Lucky Strike Entertainment in a report on Monday, December 1st. Stifel Nicolaus lifted their price objective on shares of Lucky Strike Entertainment from $12.00 to $13.00 and gave the company a “buy” rating in a research note on Friday, August 29th. Canaccord Genuity Group restated a “buy” rating and set a $16.00 target price on shares of Lucky Strike Entertainment in a report on Friday, August 29th. Finally, Piper Sandler reduced their price target on Lucky Strike Entertainment from $10.00 to $9.00 and set a “neutral” rating for the company in a research report on Monday, November 10th. Three analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $11.67.

Lucky Strike Entertainment Trading Up 0.1%

Shares of Lucky Strike Entertainment stock opened at $8.52 on Friday. Lucky Strike Entertainment has a 1 year low of $6.96 and a 1 year high of $13.25. The company has a market cap of $1.19 billion, a P/E ratio of -22.42 and a beta of 0.72. The stock has a 50-day moving average price of $8.56 and a 200 day moving average price of $9.36.

Lucky Strike Entertainment (NYSE:LUCK) last posted its quarterly earnings results on Wednesday, May 17th. The company reported $0.27 earnings per share (EPS) for the quarter. Lucky Strike Entertainment had a negative net margin of 3.80% and a negative return on equity of 23.31%. The business had revenue of $257.82 million during the quarter. On average, equities analysts forecast that Lucky Strike Entertainment will post 0.43 earnings per share for the current fiscal year.

Insider Buying and Selling at Lucky Strike Entertainment

In related news, Director Richard Meynard Born bought 30,000 shares of Lucky Strike Entertainment stock in a transaction that occurred on Friday, November 28th. The stock was acquired at an average price of $8.09 per share, for a total transaction of $242,700.00. Following the completion of the purchase, the director owned 30,000 shares in the company, valued at approximately $242,700. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have bought a total of 31,774 shares of company stock valued at $257,097 in the last three months. 84.20% of the stock is currently owned by company insiders.

Institutional Trading of Lucky Strike Entertainment

Several institutional investors have recently modified their holdings of LUCK. Diversified Trust Co bought a new position in Lucky Strike Entertainment in the second quarter worth $267,000. Farther Finance Advisors LLC bought a new position in shares of Lucky Strike Entertainment during the 2nd quarter worth about $30,000. Bfsg LLC bought a new position in shares of Lucky Strike Entertainment during the 2nd quarter worth about $137,000. North Star Investment Management Corp. acquired a new position in Lucky Strike Entertainment in the second quarter worth about $552,000. Finally, Dakota Wealth Management bought a new position in Lucky Strike Entertainment during the second quarter worth about $238,000. Institutional investors and hedge funds own 68.11% of the company’s stock.

About Lucky Strike Entertainment

Lucky Strike Entertainment Corp. engages in operating bowling centers. It offers entertainment concepts with lounge seating, arcades, food and beverage offerings, and hosting and overseeing professional and non-professional bowling tournaments and related broadcasting. The company was founded by Thomas F.