Piper Sandler Issues Pessimistic Forecast for Lucky Strike Entertainment (NYSE:LUCK) Stock Price

Lucky Strike Entertainment (NYSE:LUCK) had its price objective reduced by analysts at Piper Sandler from $10.00 to $9.00 in a research report issued on Monday,Benzinga reports. The firm currently has a “neutral” rating on the stock. Piper Sandler’s target price indicates a potential upside of 11.80% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the company. Wall Street Zen raised Lucky Strike Entertainment from a “sell” rating to a “hold” rating in a research note on Saturday. Canaccord Genuity Group reiterated a “buy” rating and set a $16.00 price target on shares of Lucky Strike Entertainment in a report on Friday, August 29th. Zacks Research upgraded shares of Lucky Strike Entertainment from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 10th. Roth Capital reaffirmed a “neutral” rating and issued a $11.00 target price on shares of Lucky Strike Entertainment in a research report on Friday, August 29th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Lucky Strike Entertainment in a research note on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Lucky Strike Entertainment presently has an average rating of “Hold” and an average price target of $11.67.

Lucky Strike Entertainment Price Performance

Shares of LUCK stock opened at $8.05 on Monday. The company has a market capitalization of $1.13 billion, a PE ratio of -21.18 and a beta of 0.72. The firm’s 50-day moving average is $9.47 and its two-hundred day moving average is $9.55. Lucky Strike Entertainment has a 12 month low of $7.66 and a 12 month high of $13.25.

Lucky Strike Entertainment (NYSE:LUCK) last posted its quarterly earnings results on Wednesday, May 17th. The company reported $0.27 earnings per share for the quarter. The business had revenue of $257.82 million during the quarter. Lucky Strike Entertainment had a negative net margin of 3.80% and a negative return on equity of 23.31%. Sell-side analysts forecast that Lucky Strike Entertainment will post 0.43 EPS for the current year.

Insider Activity at Lucky Strike Entertainment

In other Lucky Strike Entertainment news, President Lev Ekster acquired 2,505 shares of the company’s stock in a transaction that occurred on Friday, September 5th. The stock was purchased at an average price of $9.99 per share, for a total transaction of $25,024.95. Following the completion of the acquisition, the president owned 71,800 shares of the company’s stock, valued at approximately $717,282. This trade represents a 3.61% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have purchased a total of 5,179 shares of company stock valued at $51,627 over the last ninety days. Company insiders own 84.20% of the company’s stock.

Hedge Funds Weigh In On Lucky Strike Entertainment

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Champlain Investment Partners LLC acquired a new position in shares of Lucky Strike Entertainment in the second quarter worth $23,774,000. Private Management Group Inc. acquired a new position in Lucky Strike Entertainment during the 2nd quarter worth $17,143,000. Systematic Financial Management LP acquired a new position in Lucky Strike Entertainment during the 2nd quarter worth $5,785,000. Primecap Management Co. CA purchased a new stake in Lucky Strike Entertainment during the 2nd quarter worth about $2,985,000. Finally, Geode Capital Management LLC acquired a new stake in Lucky Strike Entertainment in the 2nd quarter valued at about $2,661,000. Hedge funds and other institutional investors own 68.11% of the company’s stock.

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.