Lucky Strike Entertainment (LUCK) Projected to Post Quarterly Earnings on Wednesday

Lucky Strike Entertainment (NYSE:LUCK) is anticipated to release its results before the market opens on Wednesday, February 4th. Analysts expect Lucky Strike Entertainment to post earnings of $0.03 per share and revenue of $313.83 million for the quarter.

Lucky Strike Entertainment (NYSE:LUCK) last posted its quarterly earnings results on Tuesday, November 4th. The company reported ($0.12) EPS for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.03. The firm had revenue of $292.28 million for the quarter, compared to the consensus estimate of $282.98 million. On average, analysts expect Lucky Strike Entertainment to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Lucky Strike Entertainment Stock Down 0.3%

Shares of LUCK opened at $8.66 on Wednesday. The stock has a market capitalization of $1.21 billion, a P/E ratio of -22.79 and a beta of 0.71. The firm has a fifty day simple moving average of $8.60 and a two-hundred day simple moving average of $9.26. Lucky Strike Entertainment has a twelve month low of $6.96 and a twelve month high of $13.25.

Analysts Set New Price Targets

LUCK has been the subject of a number of recent analyst reports. Jefferies Financial Group restated a “buy” rating and set a $18.00 target price on shares of Lucky Strike Entertainment in a report on Monday, December 15th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lucky Strike Entertainment in a research report on Monday, December 29th. Wall Street Zen upgraded shares of Lucky Strike Entertainment from a “sell” rating to a “hold” rating in a research report on Saturday, January 10th. Finally, Piper Sandler decreased 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 note on Monday, November 10th. Four analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $12.57.

Insider Buying and Selling at Lucky Strike Entertainment

In other Lucky Strike Entertainment news, Director Richard Meynard Born bought 30,000 shares of the business’s stock in a transaction that occurred on Friday, November 28th. The stock was purchased at an average price of $8.09 per share, for a total transaction of $242,700.00. Following the completion of the transaction, the director owned 30,000 shares of the company’s stock, valued at $242,700. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders bought a total of 32,401 shares of company stock valued at $262,149 over the last three months. Corporate insiders own 84.20% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LUCK. Millennium Management LLC raised its position in shares of Lucky Strike Entertainment by 291.5% during the third quarter. Millennium Management LLC now owns 412,218 shares of the company’s stock valued at $4,221,000 after buying an additional 306,931 shares during the last quarter. Jain Global LLC purchased a new position in Lucky Strike Entertainment during the third quarter valued at $121,000. UBS Group AG grew its stake in Lucky Strike Entertainment by 46.7% during the third quarter. UBS Group AG now owns 172,518 shares of the company’s stock valued at $1,767,000 after acquiring an additional 54,919 shares in the last quarter. State of Wyoming bought a new stake in Lucky Strike Entertainment in the 2nd quarter valued at $222,000. Finally, Bank of America Corp DE purchased a new stake in Lucky Strike Entertainment in the 2nd quarter worth $94,000. 68.11% of the stock is currently owned by institutional investors.

About Lucky Strike Entertainment

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. Shannon in 1997 and is headquartered in Mechanicsville, VA.