Lucky Strike Entertainment (NYSE:LUCK) Given Consensus Recommendation of “Hold” by Brokerages

Lucky Strike Entertainment (NYSE:LUCKGet Free Report) has been given an average rating of “Hold” by the ten analysts that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $8.6875.

Several analysts have recently issued reports on the stock. JPMorgan Chase & Co. lowered shares of Lucky Strike Entertainment from a “neutral” rating to an “underweight” rating and dropped their target price for the company from $8.00 to $6.00 in a research report on Thursday, April 23rd. Craig Hallum lowered shares of Lucky Strike Entertainment from a “buy” rating to a “hold” rating and set a $6.50 target price on the stock. in a research report on Thursday, May 7th. Weiss Ratings reiterated a “sell (d)” rating on shares of Lucky Strike Entertainment in a research report on Monday, May 4th. Jefferies Financial Group set a $12.00 target price on shares of Lucky Strike Entertainment in a research report on Wednesday, May 6th. Finally, Stifel Nicolaus set a $9.00 target price on shares of Lucky Strike Entertainment in a research report on Thursday, May 7th.

Check Out Our Latest Report on Lucky Strike Entertainment

Lucky Strike Entertainment Stock Up 11.2%

Shares of NYSE LUCK opened at $8.81 on Thursday. The company’s 50-day simple moving average is $8.25 and its 200-day simple moving average is $8.32. Lucky Strike Entertainment has a 52-week low of $5.70 and a 52-week high of $11.61. The firm has a market cap of $1.20 billion, a price-to-earnings ratio of -14.21 and a beta of 0.60.

Lucky Strike Entertainment (NYSE:LUCKGet Free Report) last announced its earnings results on Wednesday, May 6th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.07). The firm had revenue of $342.23 million for the quarter, compared to analyst estimates of $353.77 million. Equities research analysts anticipate that Lucky Strike Entertainment will post -0.15 EPS for the current fiscal year.

Lucky Strike Entertainment Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 22nd were given a dividend of $0.06 per share. The ex-dividend date was Friday, May 22nd. This represents a $0.24 dividend on an annualized basis and a yield of 2.7%. Lucky Strike Entertainment’s payout ratio is presently -38.71%.

Insiders Place Their Bets

In related news, insider Lev Ekster sold 3,000 shares of the business’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $8.47, for a total transaction of $25,410.00. Following the transaction, the insider directly owned 64,296 shares in the company, valued at approximately $544,587.12. The trade was a 4.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 84.20% of the company’s stock.

Hedge Funds Weigh In On Lucky Strike Entertainment

A number of institutional investors and hedge funds have recently bought and sold shares of LUCK. State of Wyoming acquired a new position in Lucky Strike Entertainment during the fourth quarter worth about $74,000. Bank of America Corp DE acquired a new position in Lucky Strike Entertainment during the second quarter worth about $94,000. Invesco Ltd. acquired a new position in Lucky Strike Entertainment during the second quarter worth about $114,000. Jain Global LLC acquired a new position in Lucky Strike Entertainment during the third quarter worth about $121,000. Finally, R Squared Ltd acquired a new position in Lucky Strike Entertainment during the third quarter worth about $123,000. 68.11% of the stock is currently owned by institutional investors and hedge funds.

Lucky Strike Entertainment Company Profile

(Get Free Report)

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. Shannon in 1997 and is headquartered in Mechanicsville, VA.

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Analyst Recommendations for Lucky Strike Entertainment (NYSE:LUCK)

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