Insider Buying: Lucky Strike Entertainment (NYSE:LUCK) Director Buys 1,000 Shares of Stock

Lucky Strike Entertainment (NYSE:LUCK) Director John Alan Young acquired 1,000 shares of the stock in a transaction on Friday, February 21st. The stock was bought at an average cost of $10.50 per share, with a total value of $10,500.00. Following the completion of the transaction, the director now owns 65,738 shares in the company, valued at $690,249. This trade represents a 1.54 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Monday, February 24th, John Alan Young acquired 3,685 shares of Lucky Strike Entertainment stock. The stock was bought at an average cost of $10.13 per share, with a total value of $37,329.05.

Lucky Strike Entertainment Price Performance

Shares of LUCK opened at $10.50 on Tuesday. The stock has a 50 day simple moving average of $10.76. Lucky Strike Entertainment has a fifty-two week low of $9.61 and a fifty-two week high of $14.92. The stock has a market cap of $1.50 billion, a PE ratio of -1,048.95 and a beta of 0.77.

Lucky Strike Entertainment (NYSE:LUCK) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.06 earnings per share for the quarter, hitting the consensus estimate of $0.06. Lucky Strike Entertainment had a net margin of 1.11% and a negative return on equity of 35.76%. On average, equities analysts expect that Lucky Strike Entertainment will post 0.43 earnings per share for the current fiscal year.

Lucky Strike Entertainment Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Friday, February 21st will be given a $0.055 dividend. The ex-dividend date of this dividend is Friday, February 21st. This represents a $0.22 annualized dividend and a dividend yield of 2.10%. Lucky Strike Entertainment’s payout ratio is presently -2,200.00%.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. reissued a “neutral” rating and issued a $12.00 price objective (down from $15.00) on shares of Lucky Strike Entertainment in a research report on Friday, January 17th.

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.