AlphaQuest LLC Takes Position in Lucky Strike Entertainment $LUCK

AlphaQuest LLC purchased a new stake in Lucky Strike Entertainment (NYSE:LUCK) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 62,259 shares of the company’s stock, valued at approximately $568,000.

Other institutional investors have also added to or reduced their stakes in the company. Taylor Frigon Capital Management LLC bought a new stake in Lucky Strike Entertainment in the 2nd quarter valued at $1,731,000. Diversified Trust Co bought a new stake in Lucky Strike Entertainment in the 2nd quarter valued at $267,000. North Star Investment Management Corp. bought a new stake in Lucky Strike Entertainment in the 2nd quarter valued at $552,000. Dakota Wealth Management bought a new stake in Lucky Strike Entertainment in the 2nd quarter valued at $238,000. Finally, Bfsg LLC bought a new stake in Lucky Strike Entertainment in the 2nd quarter valued at $137,000. 68.11% of the stock is owned by institutional investors.

Lucky Strike Entertainment Price Performance

Shares of NYSE:LUCK opened at $8.13 on Wednesday. The company’s 50-day moving average price is $9.85 and its two-hundred day moving average price is $9.58. Lucky Strike Entertainment has a one year low of $7.66 and a one year high of $13.25. The stock has a market capitalization of $1.14 billion, a PE ratio of -62.53 and a beta of 0.74.

Lucky Strike Entertainment (NYSE:LUCK) last issued its quarterly earnings results on Wednesday, May 17th. The company reported $0.27 EPS for the quarter. Lucky Strike Entertainment had a negative net margin of 0.83% and a negative return on equity of 23.31%. The firm had revenue of $257.82 million for the quarter. On average, analysts anticipate that Lucky Strike Entertainment will post 0.43 earnings per share for the current fiscal year.

Lucky Strike Entertainment Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Friday, August 29th were issued a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Friday, August 29th. Lucky Strike Entertainment’s dividend payout ratio is presently -169.23%.

Wall Street Analysts Forecast Growth

LUCK has been the topic of several research reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Lucky Strike Entertainment in a research report on Wednesday, October 8th. Roth Capital reaffirmed a “neutral” rating and issued a $11.00 price objective on shares of Lucky Strike Entertainment in a research report on Friday, August 29th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $16.00 price objective on shares of Lucky Strike Entertainment in a research report on Friday, August 29th. Stifel Nicolaus boosted their price objective on shares of Lucky Strike Entertainment from $12.00 to $13.00 and gave the company a “buy” rating in a research report on Friday, August 29th. Finally, Zacks Research raised shares of Lucky Strike Entertainment from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 10th. Three equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $12.20.

Insider Activity

In other news, President Lev Ekster bought 2,505 shares of the company’s stock in a transaction dated Friday, September 5th. The shares were bought at an average cost of $9.99 per share, with a total value of $25,024.95. Following the acquisition, the president owned 71,800 shares in the company, valued at $717,282. This trade represents a 3.61% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last quarter, insiders have bought 5,179 shares of company stock valued at $51,627. 79.90% of the stock is currently owned by corporate insiders.

Lucky Strike Entertainment 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.