Truist Financial Lowers Lucky Strike Entertainment (NYSE:LUCK) Price Target to $9.00

Lucky Strike Entertainment (NYSE:LUCK) had its price target dropped by equities researchers at Truist Financial from $10.00 to $9.00 in a report issued on Monday, MarketBeat.com reports. The firm presently has a “buy” rating on the stock. Truist Financial’s price target would indicate a potential upside of 25.09% from the stock’s current price.

A number of other equities analysts have also recently weighed in on the company. Citigroup began coverage on Lucky Strike Entertainment in a report on Monday, June 29th. They issued a “market perform” rating for the company. Stifel Nicolaus set a $9.00 target price on shares of Lucky Strike Entertainment in a research report on Thursday, May 7th. UBS Group lowered shares of Lucky Strike Entertainment to a “hold” rating and set a $6.50 price target for the company. in a report on Thursday, May 7th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Lucky Strike Entertainment in a research note on Monday, May 4th. Finally, Wall Street Zen upgraded shares of Lucky Strike Entertainment from a “strong sell” rating to a “sell” rating in a report on Saturday, June 20th. Four analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Lucky Strike Entertainment presently has a consensus rating of “Hold” and an average price target of $8.72.

Lucky Strike Entertainment Price Performance

Shares of LUCK opened at $7.20 on Monday. The stock’s 50-day moving average is $7.95 and its two-hundred day moving average is $8.15. The stock has a market cap of $983.00 million, a PE ratio of -11.60 and a beta of 0.61. Lucky Strike Entertainment has a 12 month low of $5.70 and a 12 month high of $11.61.

Lucky Strike Entertainment (NYSE:LUCK) last issued its earnings results on Wednesday, May 6th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.07). The firm had revenue of $342.23 million during the quarter, compared to the consensus estimate of $353.77 million. On average, research analysts anticipate that Lucky Strike Entertainment will post -0.2 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Private Management Group Inc. raised its stake in shares of Lucky Strike Entertainment by 2.6% in the 4th quarter. Private Management Group Inc. now owns 1,911,134 shares of the company’s stock valued at $16,187,000 after purchasing an additional 48,093 shares in the last quarter. Rice Hall James & Associates LLC grew its stake in Lucky Strike Entertainment by 52.7% in the first quarter. Rice Hall James & Associates LLC now owns 481,189 shares of the company’s stock worth $4,003,000 after purchasing an additional 166,104 shares in the last quarter. Millennium Management LLC grew its stake in Lucky Strike Entertainment by 291.5% in the third quarter. Millennium Management LLC now owns 412,218 shares of the company’s stock worth $4,221,000 after purchasing an additional 306,931 shares in the last quarter. Geode Capital Management LLC bought a new stake in Lucky Strike Entertainment in the second quarter valued at about $2,661,000. Finally, UBS Group AG increased its holdings in Lucky Strike Entertainment by 46.7% in the third quarter. UBS Group AG now owns 172,518 shares of the company’s stock valued at $1,767,000 after buying an additional 54,919 shares during the last quarter. 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.