Wall Street Zen Upgrades Lucky Strike Entertainment (NYSE:LUCK) to Sell

Lucky Strike Entertainment (NYSE:LUCK) was upgraded by equities researchers at Wall Street Zen from a “strong sell” rating to a “sell” rating in a research note issued to investors on Saturday.

Other analysts also recently issued research reports about the stock. UBS Group downgraded shares of Lucky Strike Entertainment to a “hold” rating and set a $6.50 price objective for the company. in a research note on Thursday, May 7th. Stifel Nicolaus set a $9.00 target price on Lucky Strike Entertainment in a research note on Thursday, May 7th. Craig Hallum downgraded Lucky Strike Entertainment from a “buy” rating to a “hold” rating and set a $6.50 price target on the stock. in a report on Thursday, May 7th. JPMorgan Chase & Co. lowered Lucky Strike Entertainment from a “neutral” rating to an “underweight” rating and decreased their price target for the stock from $8.00 to $6.00 in a research note on Thursday, April 23rd. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Lucky Strike Entertainment in a report on Monday, May 4th. Three analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $8.69.

Lucky Strike Entertainment Trading Up 0.5%

Lucky Strike Entertainment stock opened at $7.63 on Friday. Lucky Strike Entertainment has a 12-month low of $5.70 and a 12-month high of $11.61. The firm has a 50-day moving average price of $8.21 and a 200-day moving average price of $8.34. The firm has a market capitalization of $1.04 billion, a PE ratio of -12.31 and a beta of 0.60.

Lucky Strike Entertainment (NYSE:LUCK) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.10 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 the consensus estimate of $353.77 million. As a group, sell-side analysts predict that Lucky Strike Entertainment will post -0.2 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Lucky Strike Entertainment news, insider Lev Ekster sold 3,000 shares of the business’s stock in a transaction dated 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 sale, the insider directly owned 64,296 shares of the company’s stock, valued at $544,587.12. The trade was a 4.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 84.20% of the stock is owned by insiders.

Hedge Funds Weigh In On Lucky Strike Entertainment

Institutional investors have recently modified their holdings of the stock. State of Wyoming purchased a new position in Lucky Strike Entertainment during the 4th quarter worth $74,000. Bank of America Corp DE bought a new stake in Lucky Strike Entertainment during the 2nd quarter valued at $94,000. Jain Global LLC bought a new stake in Lucky Strike Entertainment during the 3rd quarter valued at $121,000. R Squared Ltd purchased a new stake in shares of Lucky Strike Entertainment in the 3rd quarter worth $123,000. Finally, Invesco Ltd. purchased a new stake in shares of Lucky Strike Entertainment in the 2nd quarter worth $114,000. 68.11% of the stock is owned by hedge funds and other institutional investors.

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.