Bleakley Financial Group LLC Makes New $235,000 Investment in Lucky Strike Entertainment $LUCK

Bleakley Financial Group LLC acquired a new position in Lucky Strike Entertainment (NYSE:LUCK) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 25,780 shares of the company’s stock, valued at approximately $235,000.

Several other institutional investors and hedge funds have also bought and sold shares of LUCK. Diversified Trust Co purchased a new stake in Lucky Strike Entertainment in the second quarter worth about $267,000. Farther Finance Advisors LLC purchased a new stake in Lucky Strike Entertainment in the second quarter worth about $30,000. Bfsg LLC bought a new stake in shares of Lucky Strike Entertainment in the 2nd quarter worth approximately $137,000. North Star Investment Management Corp. bought a new stake in shares of Lucky Strike Entertainment in the 2nd quarter worth approximately $552,000. Finally, Dakota Wealth Management bought a new stake in shares of Lucky Strike Entertainment in the 2nd quarter worth approximately $238,000. 68.11% of the stock is currently owned by hedge funds and other institutional investors.

Lucky Strike Entertainment Stock Down 0.7%

Shares of NYSE LUCK opened at $8.37 on Monday. Lucky Strike Entertainment has a twelve month low of $7.66 and a twelve month high of $13.25. The firm has a market cap of $1.17 billion, a P/E ratio of -64.38 and a beta of 0.74. The company has a 50 day moving average of $9.94 and a 200 day moving average of $9.59.

Lucky Strike Entertainment (NYSE:LUCK) last announced its quarterly earnings data on Wednesday, May 17th. The company reported $0.27 earnings per share for the quarter. Lucky Strike Entertainment had a negative net margin of 0.83% and a negative return on equity of 23.31%. The company had revenue of $257.82 million during the quarter. As a group, equities analysts expect that Lucky Strike Entertainment will post 0.43 earnings per share for the current fiscal year.

Lucky Strike Entertainment Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 29th were issued a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date was Friday, August 29th. Lucky Strike Entertainment’s payout ratio is presently -169.23%.

Insiders Place Their Bets

In other news, President Lev Ekster acquired 2,505 shares of the firm’s stock in a transaction that occurred on Friday, September 5th. The stock was bought at an average cost of $9.99 per share, for a total transaction of $25,024.95. Following the acquisition, the president directly owned 71,800 shares in the company, valued at approximately $717,282. The trade was a 3.61% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. In the last ninety days, insiders have purchased 5,179 shares of company stock valued at $51,627. 79.90% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

LUCK has been the topic of a number of analyst reports. Weiss Ratings reissued a “sell (d)” rating on shares of Lucky Strike Entertainment in a research report on Saturday. Zacks Research raised Lucky Strike Entertainment from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 10th. Canaccord Genuity Group reissued a “buy” rating and issued a $16.00 price target on shares of Lucky Strike Entertainment in a research report on Friday, August 29th. Stifel Nicolaus boosted their price target on Lucky Strike Entertainment from $12.00 to $13.00 and gave the stock a “buy” rating in a research report on Friday, August 29th. Finally, Roth Capital reissued a “neutral” rating and issued a $11.00 price target on shares of Lucky Strike Entertainment in a research report on Friday, August 29th. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Lucky Strike Entertainment currently has an average rating of “Hold” and a consensus target price of $12.20.

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.