Lucky Strike Entertainment (LUCK) to Issue Quarterly Dividend of $0.06 on June 5th

Lucky Strike Entertainment (NYSE:LUCK) declared a quarterly dividend on Tuesday, May 5th. Shareholders of record on Friday, May 22nd will be paid a dividend of 0.06 per share on Friday, June 5th. This represents a c) dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Friday, May 22nd.

Lucky Strike Entertainment Stock Down 1.5%

Shares of NYSE LUCK opened at $7.63 on Thursday. The business’s 50 day moving average price is $8.22 and its two-hundred day moving average price is $8.29. The company has a market cap of $1.05 billion, a PE ratio of -11.74 and a beta of 0.60. Lucky Strike Entertainment has a twelve month low of $5.70 and a twelve month high of $11.61.

Lucky Strike Entertainment (NYSE:LUCK) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.07). The business had revenue of $342.23 million during the quarter, compared to analysts’ expectations of $353.77 million.

Analysts Set New Price Targets

A number of equities analysts have weighed in on LUCK shares. Wall Street Zen downgraded Lucky Strike Entertainment from a “hold” rating to a “sell” rating in a research report on Saturday, January 31st. JPMorgan Chase & Co. downgraded Lucky Strike Entertainment from a “neutral” rating to an “underweight” rating and decreased their target price for the company from $8.00 to $6.00 in a research report on Thursday, April 23rd. Canaccord Genuity Group set a $13.00 target price on Lucky Strike Entertainment in a research report on Thursday, February 5th. Roth Mkm reaffirmed a “neutral” rating and issued a $7.50 target price on shares of Lucky Strike Entertainment in a research report on Thursday, February 5th. Finally, Jefferies Financial Group set a $12.00 target price on Lucky Strike Entertainment in a research report on Wednesday. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $10.08.

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.