Lucky Strike Entertainment (NYSE:LUCK) Rating Increased to Hold at Wall Street Zen

Lucky Strike Entertainment (NYSE:LUCK) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Sunday.

A number of other equities research analysts have also issued reports on the stock. Zacks Research upgraded shares of Lucky Strike Entertainment from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 10th. Weiss Ratings restated a “sell (d)” rating on shares of Lucky Strike Entertainment in a research report on Wednesday, October 8th. Roth Capital reiterated a “neutral” rating and issued a $11.00 target price on shares of Lucky Strike Entertainment in a report on Friday, August 29th. Piper Sandler reduced their price target on shares of Lucky Strike Entertainment from $10.00 to $9.00 and set a “neutral” rating for the company in a research report on Monday, November 10th. Finally, Canaccord Genuity Group restated a “buy” rating and set a $16.00 price target on shares of Lucky Strike Entertainment in a report on Friday, August 29th. Three equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $11.67.

Lucky Strike Entertainment Stock Down 3.4%

Shares of Lucky Strike Entertainment stock opened at $8.12 on Friday. Lucky Strike Entertainment has a 12-month low of $7.66 and a 12-month high of $13.25. The firm has a market capitalization of $1.13 billion, a PE ratio of -21.37 and a beta of 0.72. The stock’s fifty day moving average is $9.25 and its 200-day moving average is $9.51.

Lucky Strike Entertainment (NYSE:LUCK) last released its quarterly earnings results on Wednesday, May 17th. The company reported $0.27 earnings per share for the quarter. The business had revenue of $257.82 million during the quarter. Lucky Strike Entertainment had a negative return on equity of 23.31% and a negative net margin of 3.80%. Analysts expect that Lucky Strike Entertainment will post 0.43 EPS for the current year.

Insider Buying and Selling at Lucky Strike Entertainment

In other Lucky Strike Entertainment news, President Lev Ekster bought 2,505 shares of the business’s stock in a transaction that occurred on Friday, September 5th. The stock was purchased at an average cost of $9.99 per share, with a total value of $25,024.95. Following the completion of the acquisition, the president owned 71,800 shares in the company, valued at $717,282. This trade represents a 3.61% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have acquired 6,779 shares of company stock valued at $64,272 over the last ninety days. Company insiders own 84.20% of the company’s stock.

Hedge Funds Weigh In On Lucky Strike Entertainment

Several institutional investors have recently bought and sold shares of LUCK. Farther Finance Advisors LLC bought a new stake in shares of Lucky Strike Entertainment in the 2nd quarter worth about $30,000. Spire Wealth Management purchased a new position in shares of Lucky Strike Entertainment in the 2nd quarter worth approximately $42,000. PNC Financial Services Group Inc. bought a new position in shares of Lucky Strike Entertainment during the 2nd quarter valued at approximately $50,000. GatePass Capital LLC purchased a new stake in Lucky Strike Entertainment during the 2nd quarter valued at $91,000. Finally, Bank of America Corp DE bought a new stake in Lucky Strike Entertainment in the second quarter worth $94,000. Institutional investors own 68.11% of the company’s stock.

Lucky Strike Entertainment Company Profile

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.