Analysts Set Lucky Strike Entertainment (NYSE:LUCK) PT at $11.64

Shares of Lucky Strike Entertainment (NYSE:LUCK) have been assigned an average rating of “Hold” from the nine brokerages that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $11.6429.

A number of research firms recently weighed in on LUCK. Jefferies Financial Group reaffirmed a “buy” rating and set a $18.00 price objective on shares of Lucky Strike Entertainment in a research report on Monday, December 15th. Canaccord Genuity Group set a $13.00 price target on shares of Lucky Strike Entertainment in a research report on Thursday, February 5th. Roth Mkm reaffirmed a “neutral” rating and issued a $7.50 price objective on shares of Lucky Strike Entertainment in a research report on Thursday, February 5th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lucky Strike Entertainment in a research note on Monday, December 29th. Finally, Wall Street Zen downgraded Lucky Strike Entertainment from a “hold” rating to a “sell” rating in a report on Saturday, January 31st.

Lucky Strike Entertainment Price Performance

Shares of Lucky Strike Entertainment stock opened at $7.99 on Friday. Lucky Strike Entertainment has a 1 year low of $5.70 and a 1 year high of $11.61. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of -12.28 and a beta of 0.70. The company has a 50-day moving average of $8.10 and a 200 day moving average of $8.59.

Lucky Strike Entertainment (NYSE:LUCK) last posted its quarterly earnings data on Wednesday, February 4th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.14). The company had revenue of $306.86 million for the quarter, compared to analyst estimates of $313.83 million. On average, equities analysts anticipate that Lucky Strike Entertainment will post 0.43 EPS for the current year.

Insider Transactions at Lucky Strike Entertainment

In related news, Director John Alan Young bought 6,000 shares of the business’s 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 transaction, the director owned 85,518 shares in the company, valued at approximately $555,867. This trade represents a 7.55% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 84.20% of the company’s stock.

Hedge Funds Weigh In On Lucky Strike Entertainment

A number of institutional investors and hedge funds have recently modified their holdings of the company. XTX Topco Ltd bought a new stake in shares of Lucky Strike Entertainment in the fourth quarter worth $428,000. Engineers Gate Manager LP boosted its position in Lucky Strike Entertainment by 285.8% in the fourth quarter. Engineers Gate Manager LP now owns 46,874 shares of the company’s stock worth $397,000 after purchasing an additional 34,724 shares during the last quarter. Price T Rowe Associates Inc. MD bought a new stake in shares of Lucky Strike Entertainment during the 4th quarter valued at about $137,000. Rice Hall James & Associates LLC increased its position in shares of Lucky Strike Entertainment by 38.5% during the 4th quarter. Rice Hall James & Associates LLC now owns 315,085 shares of the company’s stock valued at $2,669,000 after purchasing an additional 87,656 shares during the last quarter. Finally, Squarepoint Ops LLC lifted its stake in shares of Lucky Strike Entertainment by 110.4% in the 4th quarter. Squarepoint Ops LLC now owns 40,130 shares of the company’s stock worth $340,000 after purchasing an additional 21,059 shares during the period. 68.11% of the stock is currently owned by hedge funds and other 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.