Maven Securities LTD bought a new position in Lucky Strike Entertainment (NYSE:LUCK – Free Report) in the fourth quarter, Holdings Channel reports. The firm bought 122,325 shares of the company’s stock, valued at approximately $1,036,000.
A number of other institutional investors also recently bought and sold shares of LUCK. Geode Capital Management LLC acquired a new stake in Lucky Strike Entertainment in the 2nd quarter worth approximately $2,661,000. XTX Topco Ltd acquired a new stake in Lucky Strike Entertainment in the 2nd quarter worth approximately $123,000. Invesco Ltd. acquired a new stake in Lucky Strike Entertainment in the 2nd quarter worth approximately $114,000. Jane Street Group LLC acquired a new stake in Lucky Strike Entertainment in the 2nd quarter worth approximately $1,117,000. Finally, Bank of America Corp DE purchased a new stake in shares of Lucky Strike Entertainment during the second quarter valued at $94,000. 68.11% of the stock is currently owned by institutional investors and hedge funds.
Lucky Strike Entertainment Trading Up 0.7%
Shares of NYSE LUCK opened at $8.82 on Monday. Lucky Strike Entertainment has a 12 month low of $5.70 and a 12 month high of $11.61. The company has a 50 day simple moving average of $8.27 and a two-hundred day simple moving average of $8.34. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of -14.22 and a beta of 0.60.
Lucky Strike Entertainment Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 22nd were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Friday, May 22nd. Lucky Strike Entertainment’s payout ratio is -38.71%.
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on the company. Stifel Nicolaus set a $9.00 target price on Lucky Strike Entertainment in a research report on Thursday, May 7th. Jefferies Financial Group set a $12.00 target price on Lucky Strike Entertainment in a research report on Wednesday, May 6th. JPMorgan Chase & Co. downgraded Lucky Strike Entertainment from a “neutral” rating to an “underweight” rating and cut their target price for the company from $8.00 to $6.00 in a research report on Thursday, April 23rd. Weiss Ratings reissued a “sell (d)” rating on shares of Lucky Strike Entertainment in a research report on Monday, May 4th. Finally, UBS Group downgraded Lucky Strike Entertainment to a “hold” rating and set a $6.50 target price on the stock. in a research report on Thursday, May 7th. Three analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $8.69.
Read Our Latest Report on Lucky Strike Entertainment
Insider Buying and Selling at Lucky Strike Entertainment
In other news, insider Lev Ekster sold 3,000 shares of Lucky Strike Entertainment stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $8.47, for a total transaction of $25,410.00. Following the completion of the transaction, the insider directly owned 64,296 shares of the company’s stock, valued at $544,587.12. The trade was a 4.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 84.20% of the stock is currently owned by company 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. Shannon in 1997 and is headquartered in Mechanicsville, VA.
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