Lucky Strike Entertainment (NYSE:LUCK) Announces Quarterly Dividend of $0.06

Lucky Strike Entertainment (NYSE:LUCK) announced a quarterly dividend on Thursday, May 8th, RTT News reports. Investors of record on Friday, May 23rd will be paid a dividend of 0.055 per share on Friday, June 6th. This represents a $0.22 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date of this dividend is Friday, May 23rd.

Lucky Strike Entertainment Stock Performance

Shares of LUCK opened at $9.05 on Wednesday. The company has a market capitalization of $1.29 billion, a P/E ratio of -904.10 and a beta of 0.80. The stock has a fifty day moving average of $9.22. Lucky Strike Entertainment has a 52-week low of $7.66 and a 52-week high of $14.92.

Lucky Strike Entertainment (NYSE:LUCK) last released its earnings results on Thursday, May 8th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.16). Lucky Strike Entertainment had a negative return on equity of 35.76% and a net margin of 1.11%. The business had revenue of $339.88 million during the quarter, compared to analysts’ expectations of $361.42 million. On average, sell-side analysts anticipate that Lucky Strike Entertainment will post 0.43 EPS for the current year.

Wall Street Analysts Forecast Growth

LUCK has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. reduced their target price on Lucky Strike Entertainment from $12.00 to $10.00 and set a “neutral” rating on the stock in a research note on Monday, April 14th. Canaccord Genuity Group reiterated a “buy” rating and issued a $16.00 target price (down previously from $18.00) on shares of Lucky Strike Entertainment in a research note on Monday, May 5th. Truist Financial reduced their target price on Lucky Strike Entertainment from $14.00 to $11.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Finally, Roth Capital lowered Lucky Strike Entertainment from a “buy” rating to a “neutral” rating and set a $9.00 target price on the stock. in a research note on Monday, May 12th.

Insider Activity

In other news, Vice Chairman Brett I. Parker sold 1,747,434 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $11.54, for a total transaction of $20,165,388.36. Following the transaction, the insider now owns 498,092 shares in the company, valued at approximately $5,747,981.68. This trade represents a 77.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director John Alan Young purchased 3,685 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were purchased at an average price of $10.13 per share, for a total transaction of $37,329.05. Following the purchase, the director now owns 69,423 shares of the company’s stock, valued at approximately $703,254.99. This trade represents a 5.61% increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 57,197 shares of company stock worth $493,533. Company insiders own 79.90% of the company’s stock.

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.