Lucky Strike Entertainment (NYSE:LUCK) Receives Average Rating of “Hold” from Analysts

Shares of Lucky Strike Entertainment (NYSE:LUCK) have received an average rating of “Hold” from the ten ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $8.6875.

LUCK has been the subject of several recent research reports. Stifel Nicolaus set a $9.00 target price on shares of Lucky Strike Entertainment in a report on Thursday, May 7th. UBS Group cut shares of Lucky Strike Entertainment to a “hold” rating and set a $6.50 target price for the company. in a report on Thursday, May 7th. Craig Hallum cut shares of Lucky Strike Entertainment from a “buy” rating to a “hold” rating and set a $6.50 target price for the company. in a report on Thursday, May 7th. Weiss Ratings reissued a “sell (d)” rating on shares of Lucky Strike Entertainment in a report on Monday, May 4th. Finally, Jefferies Financial Group set a $12.00 price objective on shares of Lucky Strike Entertainment in a report on Wednesday, May 6th.

Insiders Place Their Bets

In other Lucky Strike Entertainment news, insider Lev Ekster sold 3,000 shares of Lucky Strike Entertainment stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $8.47, for a total value of $25,410.00. Following the completion of the transaction, the insider owned 64,296 shares of the company’s stock, valued at approximately $544,587.12. The trade was a 4.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 84.20% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LUCK. Geode Capital Management LLC purchased a new position in Lucky Strike Entertainment in the second quarter valued at $2,661,000. XTX Topco Ltd purchased a new position in Lucky Strike Entertainment in the second quarter valued at $123,000. Invesco Ltd. purchased a new position in Lucky Strike Entertainment in the second quarter valued at $114,000. Jane Street Group LLC purchased a new position in Lucky Strike Entertainment in the second quarter valued at $1,117,000. Finally, Bank of America Corp DE purchased a new position in Lucky Strike Entertainment in the second quarter valued at $94,000. Hedge funds and other institutional investors own 68.11% of the company’s stock.

Lucky Strike Entertainment Price Performance

Shares of Lucky Strike Entertainment stock opened at $8.81 on Thursday. The firm has a fifty day moving average price of $8.25 and a 200 day moving average price of $8.32. Lucky Strike Entertainment has a 1 year low of $5.70 and a 1 year high of $11.61. The stock has a market cap of $1.20 billion, a PE ratio of -14.21 and a beta of 0.60.

Lucky Strike Entertainment (NYSE:LUCK) last issued its earnings results on Wednesday, May 6th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.07). The company had revenue of $342.23 million for the quarter, compared to analysts’ expectations of $353.77 million. As a group, equities analysts expect that Lucky Strike Entertainment will post -0.15 EPS for the current year.

Lucky Strike Entertainment Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 22nd were issued a $0.06 dividend. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $0.24 dividend on an annualized basis and a yield of 2.7%. Lucky Strike Entertainment’s payout ratio is presently -38.71%.

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.