Rice Hall James & Associates LLC Acquires 87,656 Shares of Lucky Strike Entertainment $LUCK

Rice Hall James & Associates LLC increased its holdings in Lucky Strike Entertainment (NYSE:LUCK) by 38.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 315,085 shares of the company’s stock after purchasing an additional 87,656 shares during the quarter. Rice Hall James & Associates LLC’s holdings in Lucky Strike Entertainment were worth $2,669,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of LUCK. State of Wyoming bought a new stake in shares of Lucky Strike Entertainment in the fourth quarter worth $74,000. Bank of America Corp DE bought a new stake in Lucky Strike Entertainment during the second quarter valued at $94,000. Invesco Ltd. bought a new stake in Lucky Strike Entertainment during the second quarter valued at $114,000. Jain Global LLC bought a new stake in Lucky Strike Entertainment during the third quarter valued at $121,000. Finally, R Squared Ltd bought a new stake in Lucky Strike Entertainment during the third quarter valued at $123,000. Institutional investors own 68.11% of the company’s stock.

Insider Buying and Selling at Lucky Strike Entertainment

In other news, insider Lev Ekster sold 3,000 shares of the company’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $8.47, for a total transaction of $25,410.00. Following the transaction, the insider owned 64,296 shares in the company, valued at approximately $544,587.12. This represents a 4.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 84.20% of the company’s stock.

Wall Street Analysts Forecast Growth

LUCK has been the topic of a number of research analyst reports. Craig Hallum cut shares of Lucky Strike Entertainment from a “buy” rating to a “hold” rating and set a $6.50 price target on the stock. in a research report on Thursday, May 7th. Jefferies Financial Group set a $12.00 price target on shares of Lucky Strike Entertainment in a research report on Wednesday, May 6th. JPMorgan Chase & Co. cut shares of Lucky Strike Entertainment from a “neutral” rating to an “underweight” rating and cut their price target for the company from $8.00 to $6.00 in a research report on Thursday, April 23rd. UBS Group cut shares of Lucky Strike Entertainment to a “hold” rating and set a $6.50 price target on the stock. in a research report on Thursday, May 7th. Finally, Stifel Nicolaus set a $9.00 price target on shares of Lucky Strike Entertainment in a research report on Thursday, May 7th. Three analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $8.69.

Lucky Strike Entertainment Trading Down 4.8%

Shares of NYSE LUCK opened at $8.06 on Wednesday. The firm’s 50-day moving average price is $8.25 and its 200-day moving average price is $8.35. Lucky Strike Entertainment has a 1-year low of $5.70 and a 1-year high of $11.61. The firm has a market capitalization of $1.10 billion, a P/E ratio of -13.00 and a beta of 0.60.

Lucky Strike Entertainment (NYSE:LUCK) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.07). The firm had revenue of $342.23 million for the quarter, compared to analysts’ expectations of $353.77 million. Equities research analysts forecast that Lucky Strike Entertainment will post -0.2 EPS for the current year.

Lucky Strike Entertainment Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 22nd were issued a dividend of $0.06 per share. The ex-dividend date was Friday, May 22nd. This represents a $0.24 annualized dividend and a dividend yield of 3.0%. Lucky Strike Entertainment’s dividend payout ratio is currently -38.71%.

Lucky Strike Entertainment Profile

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.