Lucky Strike Entertainment (NYSE:LUCK) CEO Purchases $373,120.00 in Stock

Lucky Strike Entertainment (NYSE:LUCK) CEO Thomas F. Shannon bought 44,000 shares of the stock in a transaction on Friday, May 9th. The shares were bought at an average cost of $8.48 per share, for a total transaction of $373,120.00. Following the purchase, the chief executive officer now owns 2,344,000 shares in the company, valued at $19,877,120. This trade represents a 1.91% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.

Lucky Strike Entertainment Stock Performance

LUCK stock traded up $0.24 during mid-day trading on Monday, reaching $9.01. 239,351 shares of the stock traded hands, compared to its average volume of 440,913. Lucky Strike Entertainment has a 52-week low of $7.66 and a 52-week high of $14.92. The stock has a market capitalization of $1.29 billion, a P/E ratio of -900.10 and a beta of 0.80. The stock has a fifty day moving average of $9.29.

Lucky Strike Entertainment (NYSE:LUCK) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.16). The firm had revenue of $339.88 million for the quarter, compared to analysts’ expectations of $361.42 million. Lucky Strike Entertainment had a net margin of 1.11% and a negative return on equity of 35.76%. Research analysts forecast that Lucky Strike Entertainment will post 0.43 earnings per share for the current year.

Lucky Strike Entertainment Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 23rd will be issued a $0.055 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.44%. Lucky Strike Entertainment’s dividend payout ratio is -2,200.00%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on LUCK shares. Roth Capital cut shares of Lucky Strike Entertainment from a “buy” rating to a “neutral” rating and set a $9.00 target price on the stock. in a research note on Monday. JPMorgan Chase & Co. lowered their target price on shares of Lucky Strike Entertainment from $12.00 to $10.00 and set a “neutral” rating on the stock in a research note on Monday, April 14th. Truist Financial lowered their target price on shares of Lucky Strike Entertainment from $14.00 to $11.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Finally, Canaccord Genuity Group reissued a “buy” rating and issued a $16.00 price target (down from $18.00) on shares of Lucky Strike Entertainment in a report on Monday, May 5th.

Lucky Strike Entertainment Company Profile

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.