Lucky Strike Entertainment (NYSE:LUCK) Lowered to “Sell” Rating by Wall Street Zen

Lucky Strike Entertainment (NYSE:LUCK) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

Several other research firms have also issued reports on LUCK. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $16.00 target price on shares of Lucky Strike Entertainment in a report on Friday, August 29th. Roth Capital reissued a “neutral” rating and issued a $11.00 price objective on shares of Lucky Strike Entertainment in a research report on Friday, August 29th. Stifel Nicolaus upped their price objective on Lucky Strike Entertainment from $12.00 to $13.00 and gave the company a “buy” rating in a research note on Friday, August 29th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lucky Strike Entertainment in a research note on Monday. Finally, Zacks Research raised shares of Lucky Strike Entertainment from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 10th. Three investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Lucky Strike Entertainment presently has a consensus rating of “Hold” and an average price target of $11.67.

Lucky Strike Entertainment Price Performance

LUCK opened at $8.52 on Friday. The company’s 50-day moving average is $8.60 and its 200 day moving average is $9.35. Lucky Strike Entertainment has a fifty-two week low of $6.96 and a fifty-two week high of $13.25. The firm has a market capitalization of $1.19 billion, a P/E ratio of -22.42 and a beta of 0.72.

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

Insider Transactions at Lucky Strike Entertainment

In other news, Director Richard Meynard Born bought 30,000 shares of the firm’s stock in a transaction on Friday, November 28th. The stock was acquired at an average cost of $8.09 per share, with a total value of $242,700.00. Following the completion of the transaction, the director directly owned 30,000 shares of the company’s stock, valued at $242,700. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders acquired 31,774 shares of company stock valued at $257,097 over the last three months. Company insiders own 84.20% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Champlain Investment Partners LLC purchased a new stake in Lucky Strike Entertainment in the 2nd quarter worth about $23,774,000. Private Management Group Inc. bought a new position in Lucky Strike Entertainment during the second quarter worth about $17,143,000. Systematic Financial Management LP purchased a new position in shares of Lucky Strike Entertainment in the second quarter worth about $5,785,000. Millennium Management LLC raised its position in shares of Lucky Strike Entertainment by 291.5% in the third quarter. Millennium Management LLC now owns 412,218 shares of the company’s stock valued at $4,221,000 after purchasing an additional 306,931 shares during the period. Finally, Primecap Management Co. CA purchased a new stake in shares of Lucky Strike Entertainment during the 2nd quarter valued at approximately $2,985,000. 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.