Lucky Strike Entertainment (NYSE:LUCK – Get Free Report) has been given an average recommendation of “Hold” by the thirteen research firms that are currently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $8.39.
Several analysts recently issued reports on LUCK shares. Jefferies Financial Group set a $10.00 target price on shares of Lucky Strike Entertainment in a research report on Thursday, August 27th. Zacks Research downgraded shares of Lucky Strike Entertainment from a “hold” rating to a “strong sell” rating in a research report on Monday, August 31st. Roth Capital set a $6.50 price target on shares of Lucky Strike Entertainment in a research note on Friday, August 28th. Truist Financial set a $10.00 price objective on shares of Lucky Strike Entertainment in a research report on Thursday, August 27th. Finally, Citigroup initiated coverage on Lucky Strike Entertainment in a research note on Monday, June 29th. They issued a “market perform” rating for the company.
Check Out Our Latest Stock Report on Lucky Strike Entertainment
Lucky Strike Entertainment Stock Performance
Lucky Strike Entertainment (NYSE:LUCK – Get Free Report) last released its quarterly earnings results on Thursday, August 27th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.15). The firm had revenue of $303.95 million for the quarter, compared to analysts’ expectations of $311.30 million. Equities analysts predict that Lucky Strike Entertainment will post -0.02 earnings per share for the current year.
Lucky Strike Entertainment Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 22nd. Shareholders of record on Tuesday, September 8th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend was Tuesday, September 8th. Lucky Strike Entertainment’s payout ratio is currently -70.59%.
Insider Transactions at Lucky Strike Entertainment
In related news, Director Sandeep Mathrani purchased 9,350 shares of Lucky Strike Entertainment stock in a transaction on Friday, August 28th. The stock was acquired at an average price of $6.41 per share, for a total transaction of $59,933.50. Following the completion of the transaction, the director directly owned 9,350 shares in the company, valued at $59,933.50. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Thomas Shannon acquired 30,000 shares of the firm’s stock in a transaction dated Wednesday, September 9th. The stock was bought at an average cost of $5.86 per share, for a total transaction of $175,800.00. Following the purchase, the chief executive officer directly owned 3,144,000 shares of the company’s stock, valued at approximately $18,423,840. This trade represents a 0.96% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last 90 days, insiders acquired 43,537 shares of company stock valued at $261,064. Company insiders own 84.20% of the company’s stock.
Institutional Investors Weigh In On Lucky Strike Entertainment
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Squarepoint Ops LLC lifted its holdings in Lucky Strike Entertainment by 69.8% during the second quarter. Squarepoint Ops LLC now owns 22,158 shares of the company’s stock valued at $166,000 after purchasing an additional 9,112 shares in the last quarter. Great Lakes Advisors LLC purchased a new stake in shares of Lucky Strike Entertainment in the second quarter worth $1,361,000. Rice Hall James & Associates LLC raised its position in shares of Lucky Strike Entertainment by 52.7% during the 1st 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 during the period. MYDA Advisors LLC bought a new stake in shares of Lucky Strike Entertainment during the 4th quarter valued at $424,000. Finally, Maven Securities LTD purchased a new position in shares of Lucky Strike Entertainment during the 4th quarter valued at $1,036,000. 68.11% of the stock is owned by hedge funds and other institutional investors.
Lucky Strike Entertainment Company Profile
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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