Lucky Strike Entertainment (NYSE:LUCK) Receives $12.57 Average PT from Analysts

Shares of Lucky Strike Entertainment (NYSE:LUCK) have earned a consensus recommendation of “Hold” from the nine analysts that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $12.5714.

LUCK has been the topic of a number of recent research reports. Wall Street Zen downgraded Lucky Strike Entertainment from a “hold” rating to a “sell” rating in a research report on Saturday, December 6th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lucky Strike Entertainment in a research report on Monday, December 15th. Roth Capital reiterated a “neutral” rating and set a $11.00 price objective on shares of Lucky Strike Entertainment in a research note on Friday, August 29th. Canaccord Genuity Group reissued a “buy” rating and issued a $16.00 target price on shares of Lucky Strike Entertainment in a research note on Friday, August 29th. Finally, Jefferies Financial Group restated a “buy” rating and set a $18.00 target price on shares of Lucky Strike Entertainment in a report on Monday, December 15th.

Insider Buying and Selling at Lucky Strike Entertainment

In other news, Director Richard Meynard Born bought 30,000 shares of the business’s stock in a transaction that occurred on Friday, November 28th. The stock was acquired at an average cost of $8.09 per share, for a total transaction of $242,700.00. Following the purchase, the director owned 30,000 shares of the company’s stock, valued at approximately $242,700. This trade represents a ? increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In the last quarter, insiders have bought 32,401 shares of company stock worth $262,149. 84.20% of the stock is owned by insiders.

Institutional Trading of Lucky Strike Entertainment

A number of hedge funds have recently modified their holdings of the stock. Champlain Investment Partners LLC bought a new stake in shares of Lucky Strike Entertainment during the 2nd quarter worth about $23,774,000. Private Management Group Inc. bought a new stake in shares of Lucky Strike Entertainment during the second quarter worth approximately $17,143,000. Systematic Financial Management LP acquired a new position in shares of Lucky Strike Entertainment in the second quarter valued at approximately $5,785,000. Primecap Management Co. CA bought a new position in shares of Lucky Strike Entertainment during the second quarter worth approximately $2,985,000. Finally, Millennium Management LLC lifted its holdings in Lucky Strike Entertainment by 291.5% during the 3rd 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 during the last quarter. Institutional investors and hedge funds own 68.11% of the company’s stock.

Lucky Strike Entertainment Stock Down 0.2%

NYSE LUCK opened at $9.02 on Thursday. The firm’s 50 day moving average is $8.36 and its 200-day moving average is $9.37. The company has a market capitalization of $1.26 billion, a PE ratio of -23.74 and a beta of 0.72. Lucky Strike Entertainment has a 12-month low of $6.96 and a 12-month high of $13.25.

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

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.