Lucky Strike Entertainment (NYSE:LUCK) Stock Moved Up to “Hold” by Zacks Research

Lucky Strike Entertainment (NYSE:LUCK – Get Free Report) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Monday, Zacks reports.

A number of other research analysts also recently weighed in on LUCK. Stifel Nicolaus decreased 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. Roth Capital set a $6.50 target price on Lucky Strike Entertainment in a research report on Friday, August 28th. Weiss Ratings restated a “sell (d)” rating on shares of Lucky Strike Entertainment in a research note on Friday, July 31st. Truist Financial cut their price target on Lucky Strike Entertainment from $9.00 to $8.00 and set a “buy” rating for the company in a research note on Friday. Finally, Citizens Jmp began coverage on Lucky Strike Entertainment in a report on Monday, June 29th. They issued a “market perform” rating for the company. Four equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $8.17.

Get Our Latest Stock Analysis on LUCK

Lucky Strike Entertainment Stock Up 6.7%

Shares of LUCK opened at $4.37 on Monday. The business’s 50-day moving average is $5.54 and its two-hundred day moving average is $7.35. Lucky Strike Entertainment has a fifty-two week low of $3.76 and a fifty-two week high of $9.59.

Lucky Strike Entertainment (NYSE:LUCK – Get Free Report) last released its quarterly earnings data on Thursday, August 27th. The company reported ($0.20) 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. On average, analysts anticipate that Lucky Strike Entertainment will post -0.02 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Thomas F. Shannon purchased 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 9th. The stock was purchased at an average cost of $5.86 per share, for a total transaction of $175,800.00. Following the completion of the transaction, the chief executive officer owned 3,144,000 shares of the company’s stock, valued at $18,423,840. This trade represents a 0.96% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Sandeep Mathrani purchased 9,350 shares of the company’s stock in a transaction that occurred on Friday, August 28th. The shares were purchased 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 $59,933.50. This represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders purchased 43,537 shares of company stock worth $261,064. 84.20% of the stock is currently owned by insiders.

Institutional Trading of Lucky Strike Entertainment

Hedge funds have recently bought and sold shares of the business. Rice Hall James & Associates LLC raised its stake in 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 purchasing an additional 166,104 shares during the period. Great Lakes Advisors LLC purchased a new stake in shares of Lucky Strike Entertainment in the 2nd quarter valued at approximately $1,361,000. Finally, Squarepoint Ops LLC grew its stake in shares of Lucky Strike Entertainment by 69.8% in the 2nd quarter. Squarepoint Ops LLC now owns 22,158 shares of the company’s stock valued at $166,000 after buying an additional 9,112 shares during the period. Institutional investors and hedge funds own 68.11% of the company’s stock.

Lucky Strike Entertainment Company Profile

(Get Free Report)

Lucky Strike Entertainment Corp. is an operator of location-based entertainment venues centered on bowling. The company provides recreational and social experiences through bowling lanes, arcade games, food and beverage offerings, and spaces for parties, corporate events and other group gatherings.

The company operates venues under brands that include Lucky Strike, Bowlero and AMF, serving customers across the United States and Canada. Its locations range from upscale entertainment venues to traditional bowling centers, with offerings designed for families, casual visitors, league bowlers and private-event guests.

Lucky Strike Entertainment was previously known as Bowlero Corp.

See Also

Analyst Recommendations for Lucky Strike Entertainment (NYSE:LUCK)

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