Lucky Strike Entertainment (NYSE:LUCK) Stock: Insider John Alan Young Buys 7,543 Shares

Lucky Strike Entertainment (NYSE:LUCK) Director John Young purchased 7,543 shares of Lucky Strike Entertainment stock in a transaction on Friday, November 6th. The stock was acquired at an average cost of $3.86 per share, for a total transaction of $29,115.98. Following the acquisition, the director directly owned 97,261 shares of the company’s stock, valued at approximately $375,427.46. This represents a 8.41% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

John Alan Young also recently made the following trade(s):

• On Monday, November 9th, John Young bought 7,453 shares of Lucky Strike Entertainment stock. The stock was purchased at an average cost of $3.74 per share, with a total value of $27,874.22.
• On Tuesday, September 1st, John Young bought 1,000 shares of Lucky Strike Entertainment stock. The stock was purchased at an average price of $614.00 per share, for a total transaction of $614,000.00.
• On Monday, August 31st, John Young purchased 400 shares of Lucky Strike Entertainment stock. The shares were purchased at an average cost of $6.25 per share, for a total transaction of $2,500.00.
• On Friday, August 28th, John Young bought 2,800 shares of Lucky Strike Entertainment stock. The shares were purchased at an average price of $6.23 per share, for a total transaction of $17,444.00.

Lucky Strike Entertainment Stock Down 0.8%

Shares of NYSE:LUCK traded down $0.03 during midday trading on Monday, reaching $3.77. The company’s stock had a trading volume of 199,940 shares, compared to its average volume of 124,397. The firm has a market cap of $513.83 million, a price-to-earnings ratio of -8.76 and a beta of 0.71. Lucky Strike Entertainment has a 1 year low of $3.57 and a 1 year high of $9.59. The business has a 50 day moving average price of $5.12 and a 200 day moving average price of $7.15.

Lucky Strike Entertainment (NYSE:LUCK) last issued its earnings results on Thursday, November 5th. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.10). The company had revenue of $302.64 million during the quarter, compared to analyst estimates of $297.79 million. Sell-side analysts anticipate that Lucky Strike Entertainment will post -0.02 earnings per share for the current fiscal year.

Lucky Strike Entertainment Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 22nd. Stockholders of record on Tuesday, September 8th were paid a dividend of $0.06 per share. The ex-dividend date was Tuesday, September 8th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 6.4%. Lucky Strike Entertainment’s dividend payout ratio (DPR) is currently -55.81%.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Stifel Nicolaus dropped their price target on shares of Lucky Strike Entertainment from $9.00 to $8.00 and set a “buy” rating for the company in a research note on Friday, August 28th. Jefferies Financial Group set a $10.00 price objective on shares of Lucky Strike Entertainment in a research note on Thursday, August 27th. Zacks Research raised shares of Lucky Strike Entertainment from a “strong sell” rating to a “hold” rating in a report on Monday, October 26th. Truist Financial dropped their target price on shares of Lucky Strike Entertainment from $9.00 to $8.00 and set a “buy” rating for the company in a research report on Friday, October 23rd. Finally, Roth Capital set a $6.50 price target on shares of Lucky Strike Entertainment in a research report on Friday, August 28th. Four analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Lucky Strike Entertainment currently has an average rating of “Hold” and an average price target of $8.17.

Institutional Trading of Lucky Strike Entertainment

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

Lucky Strike Entertainment Company Profile

Lucky Strike Entertainment Corp. is an operator of location-based entertainment venues centered on bowling. The company provides recreational and social experiences through bowling lanes, arcade games, food and beverage offerings, and spaces for parties, corporate events and other group gatherings.

The company operates venues under brands that include Lucky Strike, Bowlero and AMF, serving customers across the United States and Canada. Its locations range from upscale entertainment venues to traditional bowling centers, with offerings designed for families, casual visitors, league bowlers and private-event guests.

Lucky Strike Entertainment was previously known as Bowlero Corp.