Champlain Investment Partners LLC Buys New Position in Lucky Strike Entertainment $LUCK

Champlain Investment Partners LLC purchased a new position in shares of Lucky Strike Entertainment (NYSE:LUCK) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 2,603,890 shares of the company’s stock, valued at approximately $23,774,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Farther Finance Advisors LLC acquired a new stake in shares of Lucky Strike Entertainment during the second quarter worth $30,000. Spire Wealth Management bought a new stake in Lucky Strike Entertainment during the second quarter valued at $42,000. PNC Financial Services Group Inc. acquired a new stake in Lucky Strike Entertainment during the 2nd quarter worth about $50,000. Bfsg LLC bought a new position in shares of Lucky Strike Entertainment in the 2nd quarter worth about $137,000. Finally, Bleakley Financial Group LLC acquired a new position in shares of Lucky Strike Entertainment in the 2nd quarter valued at about $235,000. Institutional investors and hedge funds own 68.11% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on LUCK shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lucky Strike Entertainment in a research note on Monday, November 17th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $16.00 price objective on shares of Lucky Strike Entertainment in a research report on Friday, August 29th. Zacks Research upgraded shares of Lucky Strike Entertainment from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 10th. Roth Capital reissued a “neutral” rating and set a $11.00 target price on shares of Lucky Strike Entertainment in a research note on Friday, August 29th. Finally, Stifel Nicolaus lifted their price target on shares of Lucky Strike Entertainment from $12.00 to $13.00 and gave the company a “buy” rating in a research note on Friday, August 29th. Three analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Lucky Strike Entertainment currently has a consensus rating of “Hold” and an average target price of $11.67.

Lucky Strike Entertainment Stock Up 2.2%

Shares of NYSE:LUCK opened at $7.33 on Tuesday. Lucky Strike Entertainment has a twelve month low of $6.96 and a twelve month high of $13.25. The stock’s 50 day moving average is $8.93 and its 200-day moving average is $9.42. The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of -19.29 and a beta of 0.72.

Lucky Strike Entertainment (NYSE:LUCK) last posted its quarterly earnings results on Wednesday, May 17th. The company reported $0.27 earnings per share (EPS) for the quarter. Lucky Strike Entertainment had a negative net margin of 3.80% and a negative return on equity of 23.31%. The business had revenue of $257.82 million during the quarter. Equities research analysts anticipate that Lucky Strike Entertainment will post 0.43 earnings per share for the current fiscal year.

Insider Activity at Lucky Strike Entertainment

In other Lucky Strike Entertainment news, President Lev Ekster bought 2,505 shares of the stock in a transaction that occurred on Friday, September 5th. The shares were bought at an average price of $9.99 per share, for a total transaction of $25,024.95. Following the acquisition, the president directly owned 71,800 shares of the company’s stock, valued at approximately $717,282. The trade was a 3.61% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have bought 6,779 shares of company stock worth $64,272 over the last ninety days. Insiders own 84.20% of the company’s stock.

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.