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

Lucky Strike Entertainment (NYSE:LUCKGet Free Report) has received an average rating of “Hold” from the thirteen research firms that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $8.7222.

LUCK has been the topic of a number of research analyst reports. Jefferies Financial Group set a $12.00 price target on shares of Lucky Strike Entertainment in a report on Wednesday, May 6th. Craig Hallum cut shares of Lucky Strike Entertainment from a “buy” rating to a “hold” rating and set a $6.50 price objective for the company. in a research report on Thursday, May 7th. Wall Street Zen upgraded shares of Lucky Strike Entertainment from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 20th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Lucky Strike Entertainment in a research note on Friday, July 31st. Finally, JPMorgan Chase & Co. cut Lucky Strike Entertainment from a “neutral” rating to an “underweight” rating and dropped their price objective for the stock from $8.00 to $6.00 in a research note on Thursday, April 23rd.

View Our Latest Stock Analysis on LUCK

Hedge Funds Weigh In On Lucky Strike Entertainment

Several institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC purchased a new stake in Lucky Strike Entertainment in the second quarter worth about $2,661,000. XTX Topco Ltd purchased a new position in Lucky Strike Entertainment during the 2nd quarter valued at about $123,000. Invesco Ltd. purchased a new position in Lucky Strike Entertainment during the 2nd quarter valued at about $114,000. Jane Street Group LLC bought a new stake in shares of Lucky Strike Entertainment in the 2nd quarter valued at about $1,117,000. Finally, Bank of America Corp DE purchased a new stake in shares of Lucky Strike Entertainment in the 2nd quarter worth approximately $94,000. Hedge funds and other institutional investors own 68.11% of the company’s stock.

Lucky Strike Entertainment Stock Performance

Shares of LUCK stock opened at $6.68 on Friday. The stock has a 50 day moving average price of $7.54 and a 200 day moving average price of $7.97. Lucky Strike Entertainment has a 52-week low of $5.70 and a 52-week high of $11.19. The firm has a market capitalization of $912.89 million, a P/E ratio of -10.78 and a beta of 0.63.

Lucky Strike Entertainment (NYSE:LUCKGet Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.07). The business had revenue of $342.23 million during the quarter, compared to the consensus estimate of $353.77 million. As a group, sell-side analysts forecast that Lucky Strike Entertainment will post -0.2 EPS for the current year.

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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