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

Shares of Lucky Strike Entertainment (NYSE:LUCK) have received a consensus rating of “Hold” from the twelve brokerages that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $8.6875.

A number of equities research analysts recently issued reports on LUCK shares. Wall Street Zen upgraded Lucky Strike Entertainment from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 20th. UBS Group lowered 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. Jefferies Financial Group set a $12.00 price target on shares of Lucky Strike Entertainment in a report on Wednesday, May 6th. Weiss Ratings reissued a “sell (d)” rating on shares of Lucky Strike Entertainment in a report on Monday, May 4th. Finally, Citizens Jmp began coverage on shares of Lucky Strike Entertainment in a research note on Monday, June 29th. They issued a “market perform” rating for the company.

Insider Activity

In related news, insider Lev Ekster sold 3,000 shares of the business’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $8.47, for a total transaction of $25,410.00. Following the transaction, the insider owned 64,296 shares in the company, valued at $544,587.12. The trade was a 4.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 84.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in LUCK. Rice Hall James & Associates LLC lifted its position in Lucky Strike Entertainment by 52.7% during the first quarter. Rice Hall James & Associates LLC now owns 481,189 shares of the company’s stock valued at $4,003,000 after buying an additional 166,104 shares during the period. XTX Topco Ltd bought a new position in shares of Lucky Strike Entertainment in the fourth quarter worth approximately $428,000. Engineers Gate Manager LP lifted its position in shares of Lucky Strike Entertainment by 285.8% in the fourth quarter. Engineers Gate Manager LP now owns 46,874 shares of the company’s stock valued at $397,000 after acquiring an additional 34,724 shares in the last quarter. Price T Rowe Associates Inc. MD bought a new position in Lucky Strike Entertainment in the 4th quarter worth approximately $137,000. Finally, Squarepoint Ops LLC grew its stake in Lucky Strike Entertainment by 110.4% during the fourth quarter. Squarepoint Ops LLC now owns 40,130 shares of the company’s stock valued at $340,000 after acquiring an additional 21,059 shares in the last quarter. 68.11% of the stock is currently owned by institutional investors.

Lucky Strike Entertainment Price Performance

Shares of Lucky Strike Entertainment stock opened at $7.74 on Monday. Lucky Strike Entertainment has a 1 year low of $5.70 and a 1 year high of $11.61. The stock has a fifty day moving average price of $8.04 and a 200-day moving average price of $8.28. The firm has a market cap of $1.06 billion, a PE ratio of -12.48 and a beta of 0.61.

Lucky Strike Entertainment (NYSE:LUCK) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.07). The business had revenue of $342.23 million for the quarter, compared to analyst estimates of $353.77 million. As a group, equities analysts anticipate that Lucky Strike Entertainment will post -0.2 EPS for the current fiscal year.

Lucky Strike Entertainment Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 22nd were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $0.24 annualized dividend and a yield of 3.1%. Lucky Strike Entertainment’s dividend 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.