Lucky Strike Entertainment (NYSE:LUCK) CEO Purchases $175,800.00 in Stock

Lucky Strike Entertainment (NYSE:LUCK) CEO Thomas Shannon bought 30,000 shares of the stock in a transaction that occurred on Wednesday, September 9th. The stock was acquired at an average price of $5.86 per share, for a total transaction of $175,800.00. Following the completion of the transaction, the chief executive officer owned 3,144,000 shares in the company, valued at $18,423,840. This trade represents a 0.96% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Lucky Strike Entertainment Stock Performance

Shares of LUCK stock opened at $5.64 on Friday. Lucky Strike Entertainment has a 1 year low of $5.34 and a 1 year high of $10.82. The stock has a fifty day moving average of $6.74 and a two-hundred day moving average of $7.68. The firm has a market capitalization of $768.89 million, a PE ratio of -16.59 and a beta of 0.62.

Lucky Strike Entertainment (NYSE:LUCK) last issued its quarterly earnings results on Thursday, August 27th. The company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.15). The firm had revenue of $303.95 million during the quarter, compared to the consensus estimate of $311.30 million. Equities research analysts predict that Lucky Strike Entertainment will post -0.02 earnings per share for the current fiscal year.

Lucky Strike Entertainment Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 22nd. Investors of record on Tuesday, September 8th will be given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date is Tuesday, September 8th. Lucky Strike Entertainment’s dividend payout ratio is currently -70.59%.

Institutional Investors Weigh In On Lucky Strike Entertainment

Several hedge funds and other institutional investors have recently bought and sold shares of the business. State of Wyoming bought a new position in shares of Lucky Strike Entertainment during the 4th quarter valued at about $74,000. Bank of America Corp DE bought a new stake in shares of Lucky Strike Entertainment in the 2nd quarter worth approximately $94,000. Jain Global LLC bought a new stake in shares of Lucky Strike Entertainment in the 3rd quarter worth approximately $121,000. Invesco Ltd. acquired a new stake in Lucky Strike Entertainment during the second quarter valued at approximately $114,000. Finally, XTX Topco Ltd acquired a new stake in Lucky Strike Entertainment during the second quarter valued at approximately $123,000. 68.11% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have commented on the stock. Citigroup initiated coverage on shares of Lucky Strike Entertainment in a research report on Monday, June 29th. They set a “market perform” rating on the stock. Wall Street Zen upgraded shares of Lucky Strike Entertainment from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 20th. Citizens Jmp started coverage on Lucky Strike Entertainment in a report on Monday, June 29th. They set a “market perform” rating on the stock. Truist Financial set a $10.00 target price on Lucky Strike Entertainment in a report on Thursday, August 27th. Finally, Jefferies Financial Group set a $10.00 target price on Lucky Strike Entertainment in a research report on Thursday, August 27th. Four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $8.39.

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.