Lucky Strike Entertainment (NYSE:LUCK) CEO Thomas Shannon Acquires 30,000 Shares of Stock

Lucky Strike Entertainment (NYSE:LUCKGet Free Report) CEO Thomas Shannon purchased 30,000 shares of the company’s stock in a transaction dated Wednesday, September 9th. The shares were purchased at an average cost of $5.86 per share, for a total transaction of $175,800.00. Following the transaction, the chief executive officer directly owned 3,144,000 shares in the company, valued at approximately $18,423,840. The trade was a 0.96% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website.

Lucky Strike Entertainment Stock Performance

Shares of Lucky Strike Entertainment stock opened at $5.48 on Thursday. The stock has a market capitalization of $746.68 million, a P/E ratio of -16.11 and a beta of 0.62. Lucky Strike Entertainment has a 52-week low of $5.44 and a 52-week high of $10.82. The stock’s 50-day simple moving average is $6.83 and its 200 day simple moving average is $7.71.

Lucky Strike Entertainment (NYSE:LUCKGet Free Report) last issued its earnings results on Thursday, August 27th. The company reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.15). The business had revenue of $303.95 million for the quarter, compared to analysts’ expectations of $311.30 million. Equities research analysts forecast that Lucky Strike Entertainment will post -0.02 EPS for the current fiscal year.

Lucky Strike Entertainment Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 22nd. Stockholders of record on Tuesday, September 8th will be given a $0.06 dividend. The ex-dividend date is Tuesday, September 8th. This represents a $0.24 annualized dividend and a dividend yield of 4.4%. Lucky Strike Entertainment’s payout ratio is -70.59%.

Analyst Ratings Changes

LUCK has been the topic of a number of recent research reports. Weiss Ratings reissued a “sell (d)” rating on shares of Lucky Strike Entertainment in a report on Friday, July 31st. Citizens Jmp assumed coverage on Lucky Strike Entertainment in a report on Monday, June 29th. They set a “market perform” rating for the company. Roth Capital set a $6.50 price target on Lucky Strike Entertainment in a research report on Friday, August 28th. Citigroup began coverage on shares of Lucky Strike Entertainment in a report on Monday, June 29th. They issued a “market perform” rating on the stock. Finally, Stifel Nicolaus cut their price objective on shares of 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. Four research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $8.39.

Check Out Our Latest Research Report on LUCK

Institutional Trading of Lucky Strike Entertainment

Several hedge funds and other institutional investors have recently bought and sold shares of the company. State of Wyoming purchased a new stake in shares of Lucky Strike Entertainment in the 4th quarter valued at $74,000. Bank of America Corp DE purchased a new position in Lucky Strike Entertainment during the 2nd quarter valued at about $94,000. Jain Global LLC purchased a new position in shares of Lucky Strike Entertainment during the third quarter valued at approximately $121,000. Invesco Ltd. bought a new position in Lucky Strike Entertainment in the 2nd quarter worth $114,000. Finally, XTX Topco Ltd bought a new position in Lucky Strike Entertainment in the second quarter worth about $123,000. Hedge funds and other institutional investors own 68.11% of the company’s stock.

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.

Further Reading

Insider Buying and Selling by Quarter for Lucky Strike Entertainment (NYSE:LUCK)

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