Lucky Strike Entertainment (NYSE:LUCK) Sets New 12-Month Low – Here’s What Happened

Lucky Strike Entertainment (NYSE:LUCKGet Free Report) hit a new 52-week low on Tuesday . The stock traded as low as $5.30 and last traded at $5.35, with a volume of 18072 shares changing hands. The stock had previously closed at $5.43.

Analyst Upgrades and Downgrades

LUCK has been the subject of a number of analyst reports. Jefferies Financial Group set a $10.00 price target on Lucky Strike Entertainment in a research note on Thursday, August 27th. Citigroup assumed coverage on Lucky Strike Entertainment in a research note on Monday, June 29th. They set a “market perform” rating on the stock. Roth Capital set a $6.50 target price on shares of Lucky Strike Entertainment in a research note on Friday, August 28th. Wall Street Zen raised shares of Lucky Strike Entertainment from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 20th. Finally, Zacks Research cut shares of Lucky Strike Entertainment from a “hold” rating to a “strong sell” rating in a research note on Monday, August 31st. Four equities research 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 an average rating of “Hold” and a consensus target price of $8.39.

Get Our Latest Stock Report on LUCK

Lucky Strike Entertainment Stock Performance

The firm has a market capitalization of $726.09 million, a price-to-earnings ratio of -15.74 and a beta of 0.62. The business has a fifty day moving average of $6.52 and a two-hundred day moving average of $7.55.

Lucky Strike Entertainment (NYSE:LUCKGet Free Report) last announced its quarterly earnings results on Thursday, August 27th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.15). The business had revenue of $303.95 million during the quarter, compared to analyst estimates of $311.30 million. As a group, sell-side analysts predict that Lucky Strike Entertainment will post -0.02 EPS for the current fiscal year.

Lucky Strike Entertainment Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 22nd. Investors of record on Tuesday, September 8th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a $0.24 annualized dividend and a dividend yield of 4.5%. Lucky Strike Entertainment’s payout ratio is presently -70.59%.

Insider Transactions at Lucky Strike Entertainment

In related news, CEO Thomas Shannon purchased 30,000 shares of the stock in a transaction on Wednesday, September 9th. The shares were purchased at an average cost of $5.86 per share, with a total value of $175,800.00. Following the acquisition, the chief executive officer directly owned 3,144,000 shares in the company, valued at $18,423,840. The trade was a 0.96% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Sandeep Mathrani acquired 9,350 shares of the business’s stock in a transaction on Friday, August 28th. The shares were bought at an average price of $6.41 per share, with a total value of $59,933.50. Following the completion of the transaction, the director directly owned 9,350 shares of the company’s stock, valued at approximately $59,933.50. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders purchased 43,150 shares of company stock worth $258,948. 84.20% of the stock is owned by company insiders.

Institutional Trading of Lucky Strike Entertainment

Several institutional investors have recently added to or reduced their stakes in LUCK. Great Lakes Advisors LLC bought a new stake in shares of Lucky Strike Entertainment during the 2nd quarter valued at $1,361,000. Rice Hall James & Associates LLC raised its stake in Lucky Strike Entertainment by 52.7% in the first quarter. Rice Hall James & Associates LLC now owns 481,189 shares of the company’s stock valued at $4,003,000 after purchasing an additional 166,104 shares in the last quarter. Maven Securities LTD bought a new stake in Lucky Strike Entertainment during the fourth quarter worth about $1,036,000. MYDA Advisors LLC bought a new stake in Lucky Strike Entertainment during the fourth quarter worth about $424,000. Finally, Private Management Group Inc. grew its stake in Lucky Strike Entertainment by 2.6% during the fourth quarter. Private Management Group Inc. now owns 1,911,134 shares of the company’s stock worth $16,187,000 after buying an additional 48,093 shares in the last quarter. 68.11% of the stock is currently owned by institutional investors.

Lucky Strike Entertainment Company Profile

(Get Free Report)

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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