Lucky Strike Entertainment (LUCK) Expected to Post Earnings on Thursday

Lucky Strike Entertainment (NYSE:LUCK) will likely be announcing its results before the market opens on Thursday, August 27th. Analysts expect Lucky Strike Entertainment to post earnings of ($0.05) per share and revenue of $311.30 million for the quarter.

Lucky Strike Entertainment Trading Down 0.1%

NYSE LUCK opened at $6.70 on Wednesday. The stock has a market cap of $915.49 million, a PE ratio of -10.81 and a beta of 0.63. Lucky Strike Entertainment has a twelve month low of $5.70 and a twelve month high of $11.19. The stock has a fifty day simple moving average of $7.17 and a 200-day simple moving average of $7.82.

Institutional Investors Weigh In On Lucky Strike Entertainment

Several institutional investors and hedge funds have recently modified their holdings of LUCK. State of Wyoming acquired a new position in Lucky Strike Entertainment during the 4th quarter worth about $74,000. Bank of America Corp DE acquired a new position in Lucky Strike Entertainment in the 2nd quarter valued at about $94,000. Jain Global LLC purchased a new stake in Lucky Strike Entertainment during the third quarter worth about $121,000. Invesco Ltd. purchased a new stake in Lucky Strike Entertainment during the second quarter worth about $114,000. Finally, XTX Topco Ltd purchased a new stake in Lucky Strike Entertainment during the second quarter worth about $123,000. Hedge funds and other institutional investors own 68.11% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Jefferies Financial Group set a $12.00 price objective on shares of Lucky Strike Entertainment in a report on Wednesday, May 6th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Lucky Strike Entertainment in a research note on Friday, July 31st. Citizens Jmp started coverage on shares of Lucky Strike Entertainment in a research note on Monday, June 29th. They issued a “market perform” rating on the stock. Wall Street Zen upgraded shares of Lucky Strike Entertainment from a “strong sell” rating to a “sell” rating in a report on Saturday, June 20th. Finally, Craig Hallum cut shares of Lucky Strike Entertainment from a “buy” rating to a “hold” rating and set a $6.50 price objective for the company. in a research report on Thursday, May 7th. Four equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Lucky Strike Entertainment presently has an average rating of “Hold” and an average price target of $8.72.

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.