Lucky Strike Entertainment (LUCK) Expected to Release Quarterly Earnings on Thursday

Lucky Strike Entertainment (NYSE:LUCK) is expected to be issuing its results before the market opens on Thursday, November 5th. Analysts expect Lucky Strike Entertainment to announce earnings of ($0.11) per share and revenue of $297.79 million for the quarter.

Lucky Strike Entertainment (NYSE:LUCK) last posted its earnings results on Thursday, August 27th. The company reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.15). The company had revenue of $303.95 million for the quarter, compared to analyst estimates of $311.30 million. On average, analysts expect Lucky Strike Entertainment to post ($0.02) EPS for the current fiscal year and $0.22 EPS for the next fiscal year.

Lucky Strike Entertainment Stock Up 0.1%

NYSE:LUCK opened at $4.12 on Wednesday. The firm has a market capitalization of $562.36 million, a PE ratio of -12.13 and a beta of 0.71. Lucky Strike Entertainment has a 12-month low of $3.76 and a 12-month high of $9.59. The firm has a 50-day moving average price of $5.27 and a 200 day moving average price of $7.23.

Lucky Strike Entertainment Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 22nd. Shareholders of record on Tuesday, September 8th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 5.8%. The ex-dividend date of this dividend was Tuesday, September 8th. Lucky Strike Entertainment’s payout ratio is presently -70.59%.

Analyst Upgrades and Downgrades

LUCK has been the topic of several analyst reports. Stifel Nicolaus lowered their price objective on Lucky Strike Entertainment from $9.00 to $8.00 and set a “buy” rating on the stock in a research note on Friday, August 28th. Truist Financial dropped their target price on Lucky Strike Entertainment from $9.00 to $8.00 and set a “buy” rating for the company in a report on Friday, October 23rd. Weiss Ratings restated a “sell (d)” rating on shares of Lucky Strike Entertainment in a research report on Thursday, October 29th. Zacks Research raised Lucky Strike Entertainment from a “strong sell” rating to a “hold” rating in a research note on Monday, October 26th. Finally, Jefferies Financial Group set a $10.00 price target on Lucky Strike Entertainment in a research note on Thursday, August 27th. Four analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $8.17.

Insider Transactions at Lucky Strike Entertainment

In other news, CEO Thomas F. Shannon purchased 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 9th. The stock was purchased at an average cost of $5.86 per share, with a total value of $175,800.00. Following the acquisition, the chief executive officer directly owned 3,144,000 shares of the company’s stock, valued at approximately $18,423,840. This trade represents a 0.96% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Sandeep Mathrani purchased 9,350 shares of Lucky Strike Entertainment stock in a transaction on Friday, August 28th. The stock was purchased at an average price of $6.41 per share, for a total transaction of $59,933.50. Following the completion of the transaction, the director owned 9,350 shares of the company’s stock, valued at approximately $59,933.50. This represents a ? increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have purchased a total of 43,537 shares of company stock valued at $261,064 in the last quarter. 61.38% of the stock is currently owned by corporate insiders.

About Lucky Strike Entertainment

Lucky Strike Entertainment Corp. is an operator of location-based entertainment venues centered on bowling. The company provides recreational and social experiences through bowling lanes, arcade games, food and beverage offerings, and spaces for parties, corporate events and other group gatherings.

The company operates venues under brands that include Lucky Strike, Bowlero and AMF, serving customers across the United States and Canada. Its locations range from upscale entertainment venues to traditional bowling centers, with offerings designed for families, casual visitors, league bowlers and private-event guests.

Lucky Strike Entertainment was previously known as Bowlero Corp.