Lucky Strike Entertainment (LUCK) to Release Earnings on Wednesday

Lucky Strike Entertainment (NYSE:LUCK) is projected to release its results before the market opens on Wednesday, May 6th. Analysts expect Lucky Strike Entertainment to post earnings of $0.17 per share and revenue of $353.7720 million for the quarter.

Lucky Strike Entertainment (NYSE:LUCK) last released its quarterly earnings results on Wednesday, February 4th. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.14). The company had revenue of $306.86 million during the quarter, compared to analyst estimates of $313.83 million.

Lucky Strike Entertainment Trading Down 0.8%

NYSE LUCK traded down $0.06 during midday trading on Tuesday, hitting $7.77. The company had a trading volume of 54,271 shares, compared to its average volume of 164,531. The company has a market capitalization of $1.07 billion, a PE ratio of -11.97 and a beta of 0.60. The firm has a 50-day moving average price of $8.25 and a 200-day moving average price of $8.32. Lucky Strike Entertainment has a twelve month low of $5.70 and a twelve month high of $11.61.

Insider Transactions at Lucky Strike Entertainment

In other news, Director John Alan Young bought 6,000 shares of the stock in a transaction on Friday, February 6th. The stock was acquired at an average price of $6.50 per share, with a total value of $39,000.00. Following the acquisition, the director directly owned 85,518 shares in the company, valued at approximately $555,867. This trade represents a 7.55% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Lev Ekster sold 3,000 shares of the company’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $8.47, for a total value of $25,410.00. Following the completion of the transaction, the insider directly owned 64,296 shares of the company’s stock, valued at approximately $544,587.12. The trade was a 4.46% decrease in their position. The disclosure for this sale is available in the SEC filing. 84.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Lucky Strike Entertainment

A number of institutional investors have recently made changes to their positions in the stock. State of Wyoming bought a new stake in shares of Lucky Strike Entertainment in the 4th quarter valued at about $74,000. Bank of America Corp DE bought a new stake in shares of Lucky Strike Entertainment in the 2nd quarter valued at about $94,000. Jain Global LLC bought a new stake in shares of Lucky Strike Entertainment in the 3rd quarter valued at about $121,000. Invesco Ltd. bought a new stake in shares of Lucky Strike Entertainment in the 2nd quarter valued at about $114,000. Finally, XTX Topco Ltd bought a new stake in shares of Lucky Strike Entertainment in the 2nd quarter valued at about $123,000. Institutional investors own 68.11% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on LUCK shares. Wall Street Zen cut Lucky Strike Entertainment from a “hold” rating to a “sell” rating in a report on Saturday, January 31st. Roth Mkm reaffirmed a “neutral” rating and issued a $7.50 price objective on shares of Lucky Strike Entertainment in a report on Thursday, February 5th. Canaccord Genuity Group set a $13.00 price target on Lucky Strike Entertainment in a report on Thursday, February 5th. Finally, JPMorgan Chase & Co. cut Lucky Strike Entertainment from a “neutral” rating to an “underweight” rating and lowered their price target for the stock from $8.00 to $6.00 in a report on Thursday, April 23rd. Three investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $11.08.

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. Shannon in 1997 and is headquartered in Mechanicsville, VA.