Lucky Strike Entertainment (LUCK) to Release Quarterly Earnings on Wednesday

Lucky Strike Entertainment (NYSE:LUCK) will likely be posting its results after the market closes on Wednesday, February 4th. Analysts expect Lucky Strike Entertainment to post earnings of $0.03 per share and revenue of $313.83 million for the quarter.

Lucky Strike Entertainment (NYSE:LUCK) last posted its quarterly earnings data on Tuesday, November 4th. The company reported ($0.12) earnings per share for the quarter, topping the consensus estimate of ($0.15) by $0.03. The company had revenue of $292.28 million during the quarter, compared to the consensus estimate of $282.98 million. On average, analysts expect Lucky Strike Entertainment to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Lucky Strike Entertainment Stock Performance

NYSE:LUCK opened at $8.12 on Monday. The stock’s fifty day moving average price is $8.67 and its two-hundred day moving average price is $9.22. Lucky Strike Entertainment has a 52-week low of $6.96 and a 52-week high of $13.25. The company has a market cap of $1.13 billion, a price-to-earnings ratio of -21.37 and a beta of 0.71.

Insider Activity

In related news, Director Richard Meynard Born purchased 30,000 shares of the stock in a transaction dated Friday, November 28th. The stock was bought at an average cost of $8.09 per share, with a total value of $242,700.00. Following the purchase, the director directly owned 30,000 shares in the company, valued at $242,700. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. In the last three months, insiders bought 32,401 shares of company stock worth $262,149. 84.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Lucky Strike Entertainment

A number of hedge funds have recently modified their holdings of LUCK. Millennium Management LLC grew its position in shares of Lucky Strike Entertainment by 291.5% in the 3rd quarter. Millennium Management LLC now owns 412,218 shares of the company’s stock valued at $4,221,000 after purchasing an additional 306,931 shares during the period. UBS Group AG raised its holdings in Lucky Strike Entertainment by 46.7% during the 3rd quarter. UBS Group AG now owns 172,518 shares of the company’s stock worth $1,767,000 after buying an additional 54,919 shares during the period. Geode Capital Management LLC bought a new position in Lucky Strike Entertainment in the second quarter valued at approximately $2,661,000. Jain Global LLC acquired a new position in shares of Lucky Strike Entertainment in the third quarter valued at approximately $121,000. Finally, State of Wyoming acquired a new position in shares of Lucky Strike Entertainment in the second quarter valued at approximately $222,000. Institutional investors and hedge funds own 68.11% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on LUCK. Weiss Ratings restated a “sell (d-)” rating on shares of Lucky Strike Entertainment in a research report on Monday, December 29th. Wall Street Zen cut Lucky Strike Entertainment from a “hold” rating to a “sell” rating in a report on Saturday. Jefferies Financial Group restated a “buy” rating and set a $18.00 target price on shares of Lucky Strike Entertainment in a research report on Monday, December 15th. Finally, Piper Sandler lowered their price target on shares of Lucky Strike Entertainment from $10.00 to $9.00 and set a “neutral” rating for the company in a research report on Monday, November 10th. Four equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $12.57.

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