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

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

Other analysts have also issued reports about the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lucky Strike Entertainment in a report on Monday, December 29th. Jefferies Financial Group reiterated a “buy” rating and issued a $18.00 price objective on shares of Lucky Strike Entertainment in a research note on Monday, December 15th. Finally, Piper Sandler dropped their price objective on Lucky Strike Entertainment from $10.00 to $9.00 and set a “neutral” rating on the stock in a report on Monday, November 10th. Four investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Lucky Strike Entertainment has an average rating of “Hold” and a consensus price target of $12.57.

Lucky Strike Entertainment Trading Down 0.7%

Shares of LUCK opened at $8.12 on Friday. The stock’s 50-day moving average price is $8.67 and its two-hundred day moving average price is $9.23. Lucky Strike Entertainment has a 12 month low of $6.96 and a 12 month high of $13.25. The company has a market capitalization of $1.13 billion, a PE ratio of -21.37 and a beta of 0.71.

Lucky Strike Entertainment (NYSE:LUCK) last issued its quarterly earnings results on Tuesday, November 4th. The company reported ($0.12) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.03. The business had revenue of $292.28 million for the quarter, compared to analyst estimates of $282.98 million. Equities research analysts predict that Lucky Strike Entertainment will post 0.43 EPS for the current fiscal year.

Insider Transactions at Lucky Strike Entertainment

In related news, Director Richard Meynard Born acquired 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, for a total transaction of $242,700.00. Following the acquisition, the director owned 30,000 shares of the company’s stock, valued at $242,700. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. In the last quarter, insiders bought 32,401 shares of company stock worth $262,149. 84.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC bought a new position in shares of Lucky Strike Entertainment in the second quarter worth approximately $30,000. Spire Wealth Management bought a new stake in shares of Lucky Strike Entertainment in the second quarter worth $42,000. PNC Financial Services Group Inc. bought a new stake in shares of Lucky Strike Entertainment during the 2nd quarter valued at about $50,000. GatePass Capital LLC bought a new stake in Lucky Strike Entertainment during the second quarter valued at approximately $91,000. Finally, Bank of America Corp DE bought a new stake in shares of Lucky Strike Entertainment during the 2nd quarter valued at $94,000. Hedge funds and other 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. Shannon in 1997 and is headquartered in Mechanicsville, VA.