Lucky Strike Entertainment (NYSE:LUCK) Issues Earnings Results, Misses Estimates By $0.18 EPS

Lucky Strike Entertainment (NYSE:LUCK) posted its quarterly earnings results on Thursday. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.18), FiscalAI reports. The business had revenue of $303.95 million for the quarter, compared to the consensus estimate of $311.30 million.

Lucky Strike Entertainment Stock Performance

Shares of NYSE:LUCK opened at $6.68 on Thursday. Lucky Strike Entertainment has a 1 year low of $5.70 and a 1 year high of $11.19. The stock has a 50-day simple moving average of $7.14 and a 200-day simple moving average of $7.83. The stock has a market capitalization of $912.63 million, a P/E ratio of -10.77 and a beta of 0.63.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. State of Wyoming bought a new position in Lucky Strike Entertainment during the 4th quarter valued at $74,000. Bank of America Corp DE acquired a new stake in Lucky Strike Entertainment in the second quarter worth $94,000. Jain Global LLC bought a new stake in Lucky Strike Entertainment in the 3rd quarter valued at about $121,000. Invesco Ltd. acquired a new position in shares of Lucky Strike Entertainment during the second quarter worth approximately $114,000. Finally, XTX Topco Ltd bought a new position in shares of Lucky Strike Entertainment in the second quarter worth $123,000. Institutional investors and hedge funds own 68.11% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on LUCK. Wall Street Zen upgraded Lucky Strike Entertainment from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 20th. Citizens Jmp started coverage on Lucky Strike Entertainment in a report on Monday, June 29th. They issued a “market perform” rating for the company. Citigroup started coverage on shares of Lucky Strike Entertainment in a research report on Monday, June 29th. They issued a “market perform” rating for the company. UBS Group cut shares of Lucky Strike Entertainment to a “hold” rating and set a $6.50 target price for the company. in a research note on Thursday, May 7th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Lucky Strike Entertainment in a research note on Friday, July 31st. Four research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $8.72.

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.