Lucky Strike Entertainment (LUCK) to Post Quarterly Earnings on Thursday

Lucky Strike Entertainment (NYSE:LUCK) will likely be releasing its results before the market opens on Thursday, August 27th. Analysts expect Lucky Strike Entertainment to post earnings of ($0.05) per share and revenue of $311.30 million for the quarter.

Lucky Strike Entertainment Stock Performance

Shares of LUCK stock opened at $6.78 on Tuesday. The firm has a market cap of $925.60 million, a P/E ratio of -10.93 and a beta of 0.63. The firm’s 50 day moving average price is $7.20 and its 200-day moving average price is $7.83. Lucky Strike Entertainment has a one year low of $5.70 and a one year high of $11.19.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Citizens Jmp began coverage on shares of Lucky Strike Entertainment in a research report on Monday, June 29th. They set a “market perform” rating on the stock. Jefferies Financial Group set a $12.00 price objective on shares of Lucky Strike Entertainment in a report on Wednesday, May 6th. Wall Street Zen raised shares of Lucky Strike Entertainment from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 20th. Weiss Ratings reiterated a “sell (d)” rating on shares of Lucky Strike Entertainment in a report on Friday, July 31st. Finally, Truist Financial decreased their price target on shares of Lucky Strike Entertainment from $10.00 to $9.00 and set a “buy” rating for the company in a research report on Monday, July 20th. Four investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $8.72.

Institutional Trading of Lucky Strike Entertainment

A number of hedge funds and other institutional investors have recently made changes to their positions in LUCK. XTX Topco Ltd acquired a new stake in shares of Lucky Strike Entertainment during the fourth quarter worth about $428,000. Engineers Gate Manager LP increased its holdings in shares of Lucky Strike Entertainment by 285.8% in the fourth quarter. Engineers Gate Manager LP now owns 46,874 shares of the company’s stock valued at $397,000 after purchasing an additional 34,724 shares during the period. Price T Rowe Associates Inc. MD purchased a new stake in shares of Lucky Strike Entertainment during the fourth quarter worth approximately $137,000. Squarepoint Ops LLC raised its stake in shares of Lucky Strike Entertainment by 110.4% during the fourth quarter. Squarepoint Ops LLC now owns 40,130 shares of the company’s stock worth $340,000 after purchasing an additional 21,059 shares during the last quarter. Finally, State of Wyoming acquired a new stake in shares of Lucky Strike Entertainment during the fourth quarter worth $74,000. Institutional investors and hedge funds own 68.11% of the company’s stock.

About Lucky Strike Entertainment

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.