Lucky Strike Entertainment (NYSE:LUCK) Stock Price Down 1.6% – Time to Sell?

Lucky Strike Entertainment (NYSE:LUCK) dropped 1.6% on Friday . The stock traded as low as $7.80 and last traded at $7.8690. Approximately 72,130 shares were traded during mid-day trading, a decline of 33% from the average daily volume of 108,164 shares. The stock had previously closed at $8.00.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Jefferies Financial Group reiterated a “buy” rating and set a $18.00 target price on shares of Lucky Strike Entertainment in a report on Monday, December 15th. Roth Mkm restated a “neutral” rating and issued a $7.50 price target on shares of Lucky Strike Entertainment in a research note on Thursday, February 5th. Wall Street Zen lowered Lucky Strike Entertainment from a “hold” rating to a “sell” rating in a research report on Saturday, January 31st. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lucky Strike Entertainment in a research note on Monday, December 29th. Finally, Canaccord Genuity Group set a $13.00 price objective on Lucky Strike Entertainment in a report on Thursday, February 5th. Four equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $11.64.

Lucky Strike Entertainment Trading Down 1.6%

The firm’s 50 day moving average price is $8.13 and its two-hundred day moving average price is $8.62. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of -12.11 and a beta of 0.70.

Lucky Strike Entertainment (NYSE:LUCK) last issued its earnings results on Wednesday, February 4th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.14). The company had revenue of $306.86 million for the quarter, compared to analyst estimates of $313.83 million. As a group, equities research analysts predict that Lucky Strike Entertainment will post 0.43 EPS for the current year.

Insider Transactions at Lucky Strike Entertainment

In other Lucky Strike Entertainment news, Director John Alan Young acquired 6,000 shares of the business’s stock in a transaction dated Friday, February 6th. The stock was bought at an average cost of $6.50 per share, with a total value of $39,000.00. Following the completion of the transaction, the director directly owned 85,518 shares in the company, valued at approximately $555,867. This represents a 7.55% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 84.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in LUCK. PNC Financial Services Group Inc. bought a new stake in Lucky Strike Entertainment in the 2nd quarter valued at $50,000. State of Wyoming bought a new position in Lucky Strike Entertainment during the fourth quarter worth $74,000. GatePass Capital LLC bought a new position in Lucky Strike Entertainment during the second quarter worth $91,000. Bank of America Corp DE acquired a new position in shares of Lucky Strike Entertainment in the second quarter valued at $94,000. Finally, Invesco Ltd. acquired a new position in shares of Lucky Strike Entertainment in the second quarter valued at $114,000. 68.11% of the stock is owned by institutional investors and hedge funds.

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.