Lucky Strike Entertainment (NYSE:LUCK – Get Free Report)’s share price hit a new 52-week low on Tuesday . The company traded as low as $5.30 and last traded at $5.3830, with a volume of 6353 shares traded. The stock had previously closed at $5.56.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on LUCK shares. Jefferies Financial Group set a $10.00 target price on Lucky Strike Entertainment in a research report on Thursday, August 27th. Stifel Nicolaus dropped 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 report on Friday, August 28th. Roth Capital set a $6.50 target price on shares of Lucky Strike Entertainment in a research note on Friday, August 28th. Citizens Jmp initiated coverage on shares of Lucky Strike Entertainment in a research note on Monday, June 29th. They issued a “market perform” rating on the stock. Finally, Zacks Research lowered shares of Lucky Strike Entertainment from a “hold” rating to a “strong sell” rating in a report on Monday, August 31st. Four investment analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $8.39.
Check Out Our Latest Research Report on Lucky Strike Entertainment
Lucky Strike Entertainment Trading Down 3.8%
Lucky Strike Entertainment (NYSE:LUCK – Get Free Report) last issued its quarterly earnings results on Thursday, August 27th. The company reported ($0.20) earnings per share (EPS) 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 the consensus estimate of $311.30 million. Equities analysts forecast that Lucky Strike Entertainment will post -0.02 EPS for the current fiscal year.
Lucky Strike Entertainment Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 22nd. Investors of record on Tuesday, September 8th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend is Tuesday, September 8th. Lucky Strike Entertainment’s dividend payout ratio is presently -70.59%.
Insider Buying and Selling
In other Lucky Strike Entertainment news, CEO Thomas Shannon purchased 30,000 shares of the firm’s stock in a transaction on Wednesday, September 9th. The stock was bought at an average price of $5.86 per share, with a total value of $175,800.00. Following the transaction, the chief executive officer directly owned 3,144,000 shares of the company’s stock, valued at approximately $18,423,840. This represents a 0.96% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Sandeep Mathrani purchased 9,350 shares of the company’s stock in a transaction on Friday, August 28th. The stock was acquired at an average price of $6.41 per share, with a total value of $59,933.50. Following the purchase, the director owned 9,350 shares of the company’s stock, valued at approximately $59,933.50. This represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last quarter, insiders have acquired 43,150 shares of company stock worth $258,948. 84.20% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the stock. Private Management Group Inc. raised its position in Lucky Strike Entertainment by 2.6% in the 4th quarter. Private Management Group Inc. now owns 1,911,134 shares of the company’s stock valued at $16,187,000 after purchasing an additional 48,093 shares in the last quarter. Rice Hall James & Associates LLC increased its stake in shares of Lucky Strike Entertainment by 52.7% during the first quarter. Rice Hall James & Associates LLC now owns 481,189 shares of the company’s stock worth $4,003,000 after buying an additional 166,104 shares during the period. Great Lakes Advisors LLC acquired a new stake in Lucky Strike Entertainment in the second quarter valued at approximately $1,361,000. Maven Securities LTD purchased a new position in Lucky Strike Entertainment in the fourth quarter worth approximately $1,036,000. Finally, MYDA Advisors LLC acquired a new stake in Lucky Strike Entertainment in the fourth quarter valued at $424,000. 68.11% of the stock is owned by institutional investors and hedge funds.
About Lucky Strike Entertainment
Lucky Strike Entertainment Inc (NYSE: LUCK) is an operator of location-based entertainment venues centered on bowling. Its centers combine bowling with arcade games, food and beverages, and social entertainment, serving individual customers, families, corporate groups, parties, and organized leagues.
The company operates venues under brands that include Lucky Strike, Bowlero, and AMF. Offerings may include traditional bowling, enhanced bowling experiences, billiards, arcade attractions, event spaces, and hospitality services.
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