Lucky Strike Entertainment (NYSE:LUCK) Receives Average Rating of “Hold” from Brokerages

Shares of Lucky Strike Entertainment (NYSE:LUCK) have been assigned an average recommendation of “Hold” from the ten research firms that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $8.6875.

A number of research analysts recently issued reports on LUCK shares. Craig Hallum cut shares of Lucky Strike Entertainment from a “buy” rating to a “hold” rating and set a $6.50 price objective for the company. in a report on Thursday, May 7th. Roth Mkm reaffirmed a “neutral” rating and issued a $7.50 price target on shares of Lucky Strike Entertainment in a research note on Thursday, February 5th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Lucky Strike Entertainment in a research note on Monday, May 4th. UBS Group lowered shares of Lucky Strike Entertainment to a “hold” rating and set a $6.50 price target on the stock. in a research note on Thursday, May 7th. Finally, Jefferies Financial Group set a $12.00 price target on shares of Lucky Strike Entertainment in a research note on Wednesday, May 6th.

Lucky Strike Entertainment Stock Performance

Shares of NYSE LUCK opened at $8.92 on Friday. The stock has a market cap of $1.22 billion, a P/E ratio of -14.38 and a beta of 0.60. The firm has a 50 day moving average price of $8.16 and a 200 day moving average price of $8.28. Lucky Strike Entertainment has a 52-week low of $5.70 and a 52-week high of $11.61.

Lucky Strike Entertainment (NYSE:LUCK) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.07). The company had revenue of $342.23 million for the quarter, compared to analysts’ expectations of $353.77 million. Analysts predict that Lucky Strike Entertainment will post -0.15 earnings per share for the current fiscal year.

Lucky Strike Entertainment Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 22nd will be paid a $0.06 dividend. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $0.24 dividend on an annualized basis and a yield of 2.7%. Lucky Strike Entertainment’s payout ratio is presently -38.71%.

Insiders Place Their Bets

In other Lucky Strike Entertainment news, insider Lev Ekster sold 3,000 shares of Lucky Strike Entertainment stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $8.47, for a total value of $25,410.00. Following the transaction, the insider owned 64,296 shares of the company’s stock, valued at approximately $544,587.12. The trade was a 4.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 84.20% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of LUCK. State of Wyoming bought a new position in Lucky Strike Entertainment in the fourth quarter valued at approximately $74,000. Bank of America Corp DE bought a new position in Lucky Strike Entertainment in the second quarter valued at approximately $94,000. Invesco Ltd. bought a new stake in shares of Lucky Strike Entertainment in the second quarter worth $114,000. Jain Global LLC bought a new stake in shares of Lucky Strike Entertainment in the third quarter worth $121,000. Finally, R Squared Ltd bought a new stake in shares of Lucky Strike Entertainment in the third quarter worth $123,000. 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. Shannon in 1997 and is headquartered in Mechanicsville, VA.