Lucky Strike Entertainment (NYSE:LUCK) Trading Up 4.4% – Here’s What Happened

Shares of Lucky Strike Entertainment (NYSE:LUCKGet Free Report) rose 4.4% on Monday . The company traded as high as $7.66 and last traded at $7.6240. Approximately 7,546 shares were traded during trading, a decline of 95% from the average daily volume of 150,810 shares. The stock had previously closed at $7.30.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on LUCK shares. Citizens Jmp began coverage on shares of Lucky Strike Entertainment in a report on Monday, June 29th. They issued a “market perform” rating for the company. Craig Hallum downgraded shares of Lucky Strike Entertainment from a “buy” rating to a “hold” rating and set a $6.50 price target on the stock. in a 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. Wall Street Zen raised shares of Lucky Strike Entertainment from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 20th. Finally, UBS Group downgraded shares of Lucky Strike Entertainment to a “hold” rating and set a $6.50 price objective on the stock. in a research report on Thursday, May 7th. Three equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $8.69.

Check Out Our Latest Stock Analysis on LUCK

Lucky Strike Entertainment Stock Down 2.3%

The stock has a market cap of $980.66 million, a P/E ratio of -11.58 and a beta of 0.61. The business has a 50 day moving average price of $8.01 and a two-hundred day moving average price of $8.20.

Lucky Strike Entertainment (NYSE:LUCKGet Free Report) last issued 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 company had revenue of $342.23 million during the quarter, compared to the consensus estimate of $353.77 million. On average, research analysts forecast that Lucky Strike Entertainment will post -0.2 earnings per share for the current year.

Lucky Strike Entertainment Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 22nd were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend was Friday, May 22nd. Lucky Strike Entertainment’s dividend payout ratio (DPR) is -38.71%.

Institutional Investors Weigh In On Lucky Strike Entertainment

Several institutional investors and hedge funds have recently modified their holdings of the stock. State of Wyoming bought a new position in shares of Lucky Strike Entertainment during the 4th quarter valued at about $74,000. Bank of America Corp DE purchased a new position in shares of Lucky Strike Entertainment during the second quarter valued at about $94,000. Jain Global LLC bought a new stake in shares of Lucky Strike Entertainment in the third quarter worth about $121,000. Invesco Ltd. bought a new stake in shares of Lucky Strike Entertainment in the second quarter worth about $114,000. Finally, XTX Topco Ltd bought a new stake in shares of Lucky Strike Entertainment in the second quarter worth about $123,000. Institutional investors own 68.11% of the company’s stock.

About Lucky Strike Entertainment

(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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