Lucky Strike Entertainment (NYSE:LUCK) Stock Price Up 10.7% – What’s Next?

Lucky Strike Entertainment (NYSE:LUCK) shares rose 10.7% on Monday . The company traded as high as $8.47 and last traded at $8.4450. Approximately 21,233 shares were traded during trading, a decline of 86% from the average daily volume of 148,659 shares. The stock had previously closed at $7.63.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on LUCK. Stifel Nicolaus set a $9.00 target price on Lucky Strike Entertainment in a research report on Thursday, May 7th. Craig Hallum lowered Lucky Strike Entertainment from a “buy” rating to a “hold” rating and set a $6.50 target price for the company. in a research report on Thursday, May 7th. Jefferies Financial Group set a $12.00 target price on Lucky Strike Entertainment in a research report on Wednesday, May 6th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Lucky Strike Entertainment in a research report on Monday, May 4th. Finally, UBS Group cut Lucky Strike Entertainment to a “hold” rating and set a $6.50 target price on the stock. in a report on Thursday, May 7th. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $8.69.

Lucky Strike Entertainment Stock Down 2.4%

The business’s 50 day moving average is $8.23 and its two-hundred day moving average is $8.30. The firm has a market cap of $1.09 billion, a P/E ratio of -12.85 and a beta of 0.60.

Lucky Strike Entertainment (NYSE:LUCK) last announced its earnings results on Wednesday, May 6th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.07). The company had revenue of $342.23 million for the quarter, compared to analyst estimates of $353.77 million. Equities research analysts anticipate that Lucky Strike Entertainment will post -0.15 EPS for the current year.

Lucky Strike Entertainment Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 22nd were given 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 presently -38.71%.

Insider Activity at Lucky Strike Entertainment

In related news, 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 transaction of $25,410.00. Following the sale, the insider owned 64,296 shares in the company, valued at $544,587.12. This represents a 4.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 84.20% of the stock is currently owned by insiders.

Institutional Trading of Lucky Strike Entertainment

Several hedge funds have recently modified their holdings of LUCK. State of Wyoming bought a new stake in shares of Lucky Strike Entertainment in the 4th quarter valued at $74,000. Bank of America Corp DE bought a new stake in shares of Lucky Strike Entertainment in the 2nd quarter valued at $94,000. Invesco Ltd. bought a new stake in shares of Lucky Strike Entertainment in the 2nd quarter valued at $114,000. Jain Global LLC bought a new stake in shares of Lucky Strike Entertainment in the 3rd quarter valued at $121,000. Finally, R Squared Ltd bought a new position in shares of Lucky Strike Entertainment during the 3rd quarter worth about $123,000. Institutional investors own 68.11% of the company’s stock.

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.