Lucky Strike Entertainment (NYSE:LUCK) Director John Alan Young Purchases 6,000 Shares

Lucky Strike Entertainment (NYSE:LUCK) Director John Alan Young purchased 6,000 shares of the firm’s stock in a transaction on Friday, February 6th. The stock was acquired at an average cost of $6.50 per share, for a total transaction of $39,000.00. Following the completion of the purchase, the director owned 85,518 shares in the company, valued at $555,867. The trade was a 7.55% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Lucky Strike Entertainment Stock Up 3.8%

Shares of NYSE LUCK traded up $0.27 on Tuesday, hitting $7.46. The company had a trading volume of 99,010 shares, compared to its average volume of 282,302. Lucky Strike Entertainment has a 12-month low of $5.70 and a 12-month high of $13.25. The business has a 50 day moving average of $8.59 and a two-hundred day moving average of $9.07. The firm has a market capitalization of $1.04 billion, a P/E ratio of -11.48 and a beta of 0.71.

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 analysts’ consensus estimates of $0.03 by ($0.14). The firm had revenue of $306.86 million for the quarter, compared to analyst estimates of $313.83 million. On average, sell-side analysts anticipate that Lucky Strike Entertainment will post 0.43 earnings per share for the current year.

Wall Street Analysts Forecast Growth

LUCK has been the subject of several recent research reports. Canaccord Genuity Group set a $13.00 target price on shares of Lucky Strike Entertainment in a research note on Thursday. Piper Sandler cut their target price on shares of Lucky Strike Entertainment from $10.00 to $9.00 and set a “neutral” rating on the stock in a report on Monday, November 10th. Wall Street Zen lowered Lucky Strike Entertainment from a “hold” rating to a “sell” rating in a report on Saturday, January 31st. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lucky Strike Entertainment in a research note on Monday, December 29th. Finally, Jefferies Financial Group restated a “buy” rating and set a $18.00 price target on shares of Lucky Strike Entertainment in a research report on Monday, December 15th. Four investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Lucky Strike Entertainment currently has a consensus rating of “Hold” and a consensus price target of $11.64.

Institutional Investors Weigh In On Lucky Strike Entertainment

Several large investors have recently modified their holdings of LUCK. Private Management Group Inc. bought a new stake in Lucky Strike Entertainment in the second quarter valued at $17,143,000. AlphaQuest LLC bought a new stake in shares of Lucky Strike Entertainment in the 2nd quarter worth about $568,000. Bullseye Asset Management LLC acquired a new stake in shares of Lucky Strike Entertainment during the 2nd quarter worth about $954,000. Champlain Investment Partners LLC bought a new position in Lucky Strike Entertainment during the 2nd quarter valued at about $23,774,000. Finally, Primecap Management Co. CA acquired a new position in Lucky Strike Entertainment in the second quarter valued at about $2,985,000. 68.11% of the stock is currently owned by institutional investors.

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.