Lucky Strike Entertainment (NYSE:LUCK – Get Free Report) shares shot up 5.8% on Monday. The stock traded as high as $5.51 and last traded at $5.51. Approximately 35,682 shares were traded during mid-day trading, a decline of 73% from the average daily volume of 131,720 shares. The stock had previously closed at $5.21.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of Lucky Strike Entertainment in a report on Friday, July 31st. Stifel Nicolaus decreased their target price on Lucky Strike Entertainment from $9.00 to $8.00 and set a “buy” rating for the company in a research report on Friday, August 28th. Zacks Research downgraded Lucky Strike Entertainment from a “hold” rating to a “strong sell” rating in a research note on Monday, August 31st. Jefferies Financial Group set a $10.00 price target on Lucky Strike Entertainment in a report on Thursday, August 27th. Finally, Truist Financial set a $10.00 price objective on Lucky Strike Entertainment in a research note on Thursday, August 27th. Four equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, Lucky Strike Entertainment has an average rating of “Hold” and a consensus target price of $8.39.
Get Our Latest Stock Report on Lucky Strike Entertainment
Lucky Strike Entertainment Price Performance
Lucky Strike Entertainment (NYSE:LUCK – Get Free Report) last issued its quarterly earnings data on Thursday, August 27th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.15). The firm had revenue of $303.95 million for the quarter, compared to analysts’ expectations of $311.30 million. On average, analysts forecast that Lucky Strike Entertainment will post -0.02 earnings per share for the current year.
Lucky Strike Entertainment Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 22nd. Shareholders of record on Tuesday, September 8th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend was Tuesday, September 8th. Lucky Strike Entertainment’s payout ratio is currently -70.59%.
Insider Buying and Selling
In related news, Director Sandeep Mathrani acquired 9,350 shares of the stock in a transaction dated Friday, August 28th. The stock was purchased at an average cost of $6.41 per share, with a total value of $59,933.50. Following the completion of the purchase, the director directly owned 9,350 shares in the company, valued at $59,933.50. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Thomas Shannon bought 30,000 shares of the company’s stock in a transaction dated Wednesday, September 9th. The stock was bought at an average price of $5.86 per share, for a total transaction of $175,800.00. Following the acquisition, the chief executive officer directly owned 3,144,000 shares of the company’s stock, valued at approximately $18,423,840. This represents a 0.96% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have acquired a total of 43,537 shares of company stock valued at $261,064 over the last three months. Corporate insiders own 84.20% of the company’s stock.
Institutional Trading of Lucky Strike Entertainment
Institutional investors have recently made changes to their positions in the company. Squarepoint Ops LLC grew its position in Lucky Strike Entertainment by 69.8% during the second quarter. Squarepoint Ops LLC now owns 22,158 shares of the company’s stock valued at $166,000 after buying an additional 9,112 shares during the period. Great Lakes Advisors LLC purchased a new position in Lucky Strike Entertainment during the second quarter worth about $1,361,000. Rice Hall James & Associates LLC grew its holdings in shares of Lucky Strike Entertainment by 52.7% during the first 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. MYDA Advisors LLC purchased a new stake in Lucky Strike Entertainment in the fourth quarter valued at approximately $424,000. Finally, Maven Securities LTD bought a new stake in Lucky Strike Entertainment during the fourth quarter valued at approximately $1,036,000. Institutional investors own 68.11% of the company’s stock.
About Lucky Strike Entertainment
Lucky Strike Entertainment Inc (NYSE: LUCK) is an operator of location-based entertainment venues centered on bowling. Its centers combine bowling with arcade games, food and beverages, and social entertainment, serving individual customers, families, corporate groups, parties, and organized leagues.
The company operates venues under brands that include Lucky Strike, Bowlero, and AMF. Offerings may include traditional bowling, enhanced bowling experiences, billiards, arcade attractions, event spaces, and hospitality services.
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