Lucky Strike Entertainment (NYSE:LUCK) Shares Down 2.2% – Time to Sell?

Lucky Strike Entertainment (NYSE:LUCK)’s stock price fell 2.2% on Friday . The stock traded as low as $9.71 and last traded at $9.73. 176,593 shares were traded during mid-day trading, a decline of 66% from the average session volume of 519,377 shares. The stock had previously closed at $9.95.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. restated a “neutral” rating and issued a $12.00 price objective (down from $15.00) on shares of Lucky Strike Entertainment in a report on Friday, January 17th.

Lucky Strike Entertainment Stock Performance

The firm has a market cap of $1.39 billion, a price-to-earnings ratio of -974.03 and a beta of 0.76. The company’s fifty day moving average price is $10.64.

Lucky Strike Entertainment (NYSE:LUCK) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.06 EPS for the quarter, meeting the consensus estimate of $0.06. Lucky Strike Entertainment had a net margin of 1.11% and a negative return on equity of 35.76%. As a group, analysts forecast that Lucky Strike Entertainment will post 0.43 earnings per share for the current year.

Lucky Strike Entertainment Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 21st were given a $0.055 dividend. The ex-dividend date of this dividend was Friday, February 21st. This represents a $0.22 dividend on an annualized basis and a yield of 2.26%. Lucky Strike Entertainment’s dividend payout ratio (DPR) is presently -2,200.00%.

Insider Buying and Selling at Lucky Strike Entertainment

In other Lucky Strike Entertainment news, Director John Alan Young purchased 3,685 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The stock was purchased at an average price of $10.13 per share, for a total transaction of $37,329.05. Following the purchase, the director now directly owns 69,423 shares in the company, valued at approximately $703,254.99. This trade represents a 5.61 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Vice Chairman Brett I. Parker sold 1,747,434 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $11.54, for a total transaction of $20,165,388.36. Following the transaction, the insider now directly owns 498,092 shares in the company, valued at $5,747,981.68. The trade was a 77.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders purchased 6,163 shares of company stock worth $62,213 over the last 90 days. Corporate insiders own 79.90% of the company’s stock.

About Lucky Strike Entertainment

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.