Insider Buying: Lucky Strike Entertainment (NYSE:LUCK) Director Purchases $27,874.22 in Stock

Lucky Strike Entertainment (NYSE:LUCK) Director John Young acquired 7,453 shares of the business’s stock in a transaction on Monday, November 9th. The stock was acquired at an average price of $3.74 per share, with a total value of $27,874.22. Following the transaction, the director directly owned 104,714 shares of the company’s stock, valued at $391,630.36. This represents a 7.66% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

John Alan Young also recently made the following trade(s):

• On Friday, November 6th, John Young bought 7,543 shares of Lucky Strike Entertainment stock. The stock was acquired at an average cost of $3.86 per share, with a total value of $29,115.98.
• On Tuesday, September 1st, John Young bought 1,000 shares of Lucky Strike Entertainment stock. The stock was acquired at an average cost of $614.00 per share, with a total value of $614,000.00.
• On Monday, August 31st, John Young bought 400 shares of Lucky Strike Entertainment stock. The shares were bought at an average price of $6.25 per share, for a total transaction of $2,500.00.
• On Friday, August 28th, John Young purchased 2,800 shares of Lucky Strike Entertainment stock. The shares were bought at an average cost of $6.23 per share, for a total transaction of $17,444.00.

Lucky Strike Entertainment Stock Down 5.0%

NYSE:LUCK opened at $3.23 on Thursday. The firm’s fifty day simple moving average is $4.95 and its 200-day simple moving average is $7.07. The stock has a market cap of $440.34 million, a PE ratio of -7.51 and a beta of 0.71. Lucky Strike Entertainment has a fifty-two week low of $3.20 and a fifty-two week high of $9.59.

Lucky Strike Entertainment (NYSE:LUCK) last announced its quarterly earnings data on Thursday, November 5th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.10). The company had revenue of $302.64 million for the quarter, compared to analysts’ expectations of $297.79 million. Equities analysts anticipate that Lucky Strike Entertainment will post -0.14 earnings per share for the current year.

Lucky Strike Entertainment Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 22nd. Shareholders of record on Tuesday, September 8th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 7.4%. The ex-dividend date was Tuesday, September 8th. Lucky Strike Entertainment’s dividend payout ratio is presently -55.81%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on LUCK shares. Truist Financial reduced their price target on shares of Lucky Strike Entertainment from $9.00 to $8.00 and set a “buy” rating for the company in a research report on Friday, October 23rd. Roth Capital set a $6.50 price target on Lucky Strike Entertainment in a report on Friday, August 28th. Zacks Research raised Lucky Strike Entertainment from a “strong sell” rating to a “hold” rating in a research note on Monday, October 26th. Stifel Nicolaus reduced their price objective on Lucky Strike Entertainment from $9.00 to $8.00 and set a “buy” rating for the company in a report on Friday, August 28th. Finally, Jefferies Financial Group set a $10.00 price objective on Lucky Strike Entertainment in a report on Thursday, August 27th. Four analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Lucky Strike Entertainment has an average rating of “Hold” and an average price target of $8.06.

Institutional Investors Weigh In On Lucky Strike Entertainment

Large investors have recently added to or reduced their stakes in the business. Squarepoint Ops LLC raised its position in Lucky Strike Entertainment by 69.8% during the second quarter. Squarepoint Ops LLC now owns 22,158 shares of the company’s stock worth $166,000 after acquiring an additional 9,112 shares during the last quarter. Great Lakes Advisors LLC purchased a new stake in shares of Lucky Strike Entertainment in the second quarter valued at about $1,361,000. Finally, Rice Hall James & Associates LLC grew its position in shares of Lucky Strike Entertainment by 52.7% in the first quarter. Rice Hall James & Associates LLC now owns 481,189 shares of the company’s stock valued at $4,003,000 after purchasing an additional 166,104 shares during the last quarter. 68.11% of the stock is owned by institutional investors and hedge funds.

About Lucky Strike Entertainment

Lucky Strike Entertainment operates bowling and entertainment venues across the United States and Canada. Its locations offer bowling alongside attractions such as arcade games and laser tag, as well as food and beverage services. The company serves both individual customers and groups, hosting birthday parties, corporate events and bowling leagues. Its venues operate under brands including Lucky Strike, Bowlero and AMF. Previously known as Bowlero Corp., the company adopted the Lucky Strike Entertainment name in 2024.