Lucky Strike Entertainment (LUCK) – What Are Analysts Thinking About This Stock?

Lucky Strike Entertainment (NYSE:LUCK) has been given an average recommendation of “Hold” by the thirteen analysts that are currently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $8.39.

Several equities research analysts have issued reports on LUCK shares. Citigroup began coverage on Lucky Strike Entertainment in a research report on Monday, June 29th. They set 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. Weiss Ratings reiterated a “sell (d)” rating on shares of Lucky Strike Entertainment in a research note on Friday, July 31st. Truist Financial set a $10.00 price objective on Lucky Strike Entertainment in a report on Thursday, August 27th. Finally, Jefferies Financial Group set a $10.00 price target on Lucky Strike Entertainment in a report on Thursday, August 27th.

Lucky Strike Entertainment Stock Performance

LUCK stock opened at $5.16 on Wednesday. Lucky Strike Entertainment has a 52-week low of $4.87 and a 52-week high of $10.10. The company has a market capitalization of $702.78 million, a P/E ratio of -15.16 and a beta of 0.66. The business has a 50-day simple moving average of $5.94 and a two-hundred day simple moving average of $7.22.

Lucky Strike Entertainment (NYSE:LUCK) last posted its quarterly earnings data on Thursday, August 27th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.15). The business had revenue of $303.95 million for the quarter, compared to analysts’ expectations of $311.30 million. As a group, sell-side analysts forecast that Lucky Strike Entertainment will post -0.02 earnings per share for the current fiscal year.

Lucky Strike Entertainment Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 22nd. Shareholders of record on Tuesday, September 8th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend was Tuesday, September 8th. Lucky Strike Entertainment’s dividend payout ratio (DPR) is presently -70.59%.

Insider Activity at Lucky Strike Entertainment

In related news, CEO Thomas F. Shannon bought 30,000 shares of the company’s stock in a transaction on Wednesday, September 9th. The shares were acquired at an average cost of $5.86 per share, for a total transaction of $175,800.00. Following the purchase, the chief executive officer directly owned 3,144,000 shares of the company’s stock, valued at approximately $18,423,840. The trade was a 0.96% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Sandeep Mathrani bought 9,350 shares of the firm’s stock in a transaction on Friday, August 28th. The shares were purchased at an average cost of $6.41 per share, with a total value of $59,933.50. Following the completion of the transaction, the director owned 9,350 shares in the company, valued at $59,933.50. This represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders have bought 43,537 shares of company stock worth $261,064. Corporate insiders own 84.20% of the company’s stock.

Hedge Funds Weigh In On Lucky Strike Entertainment

Hedge funds have recently modified their holdings of the stock. Squarepoint Ops LLC boosted its holdings in Lucky Strike Entertainment by 69.8% in the 2nd quarter. Squarepoint Ops LLC now owns 22,158 shares of the company’s stock worth $166,000 after buying an additional 9,112 shares during the last quarter. Great Lakes Advisors LLC acquired a new position in shares of Lucky Strike Entertainment in the 2nd quarter worth approximately $1,361,000. Finally, Rice Hall James & Associates LLC boosted its holdings in Lucky Strike Entertainment by 52.7% during the 1st quarter. Rice Hall James & Associates LLC now owns 481,189 shares of the company’s stock valued at $4,003,000 after acquiring an additional 166,104 shares during the period. Institutional investors and hedge funds own 68.11% of the company’s stock.

Lucky Strike Entertainment Company Profile

Lucky Strike Entertainment Corporation (NYSE: LUCK) is an operator of bowling and location-based entertainment venues. Its centers offer traditional and boutique bowling, arcade games, billiards, laser tag, and other recreational activities, along with food and beverage services.

The company operates venues under brands that include Lucky Strike, Bowlero and AMF. Its facilities serve a range of customers, including families, casual entertainment seekers, league bowlers, and corporate or private-event groups.