Truist Financial Has Lowered Expectations for Lucky Strike Entertainment (NYSE:LUCK) Stock Price

Lucky Strike Entertainment (NYSE:LUCK) had its price objective cut by equities researchers at Truist Financial from $10.00 to $9.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Truist Financial’s price target indicates a potential upside of 25.70% from the stock’s previous close.

Several other research firms have also issued reports on LUCK. Weiss Ratings reissued a “sell (d)” rating on shares of Lucky Strike Entertainment in a research note on Monday, May 4th. Citizens Jmp began coverage on Lucky Strike Entertainment in a research report on Monday, June 29th. They issued a “market perform” rating for the company. UBS Group cut Lucky Strike Entertainment to a “hold” rating and set a $6.50 target price for the company. in a research note on Thursday, May 7th. Wall Street Zen raised Lucky Strike Entertainment from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 20th. Finally, Jefferies Financial Group set a $12.00 target price on shares of Lucky Strike Entertainment in a research note on Wednesday, May 6th. Four equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Lucky Strike Entertainment currently has an average rating of “Hold” and an average price target of $8.72.

Lucky Strike Entertainment Price Performance

Lucky Strike Entertainment stock traded down $0.25 during midday trading on Monday, reaching $7.16. 24,715 shares of the company traded hands, compared to its average volume of 148,547. Lucky Strike Entertainment has a 12 month low of $5.70 and a 12 month high of $11.61. The firm has a market capitalization of $978.20 million, a price-to-earnings ratio of -11.54 and a beta of 0.61. The business has a 50 day moving average of $7.98 and a two-hundred day moving average of $8.16.

Lucky Strike Entertainment (NYSE:LUCK) last announced its earnings results on Wednesday, May 6th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.07). The business had revenue of $342.23 million during the quarter, compared to analyst estimates of $353.77 million. As a group, equities analysts forecast that Lucky Strike Entertainment will post -0.2 EPS for the current year.

Hedge Funds Weigh In On Lucky Strike Entertainment

A number of large investors have recently modified their holdings of LUCK. State of Wyoming purchased a new stake in shares of Lucky Strike Entertainment in the fourth quarter valued at approximately $74,000. Bank of America Corp DE acquired a new stake in Lucky Strike Entertainment in the second quarter valued at $94,000. Invesco Ltd. acquired a new position in shares of Lucky Strike Entertainment during the 2nd quarter worth $114,000. Jain Global LLC purchased a new position in shares of Lucky Strike Entertainment in the 3rd quarter valued at about $121,000. Finally, XTX Topco Ltd acquired a new stake in shares of Lucky Strike Entertainment in the second quarter valued at about $123,000. 68.11% of the stock is 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.