Lucky Strike Entertainment (NYSE:LUCK) Issues Earnings Results, Misses Estimates By $0.42 EPS

Lucky Strike Entertainment (NYSE:LUCK) posted its quarterly earnings results on Thursday. The company reported ($0.49) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.42), Zacks reports. Lucky Strike Entertainment had a negative return on equity of 23.31% and a net margin of 0.21%. Lucky Strike Entertainment updated its FY 2025 guidance to EPS.

Lucky Strike Entertainment Price Performance

Shares of NYSE:LUCK traded down $0.84 on Thursday, reaching $9.83. The company’s stock had a trading volume of 91,727 shares, compared to its average volume of 348,012. Lucky Strike Entertainment has a 52-week low of $7.66 and a 52-week high of $13.25. The stock has a market capitalization of $1.38 billion, a P/E ratio of -140.41 and a beta of 0.75. The stock’s 50-day moving average is $9.97 and its two-hundred day moving average is $9.70.

Lucky Strike Entertainment Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 29th will be issued a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, August 29th. Lucky Strike Entertainment’s dividend payout ratio is presently -314.29%.

Analyst Ratings Changes

A number of equities analysts recently commented on LUCK shares. Zacks Research upgraded shares of Lucky Strike Entertainment to a “strong sell” rating in a research note on Tuesday, August 12th. Roth Capital downgraded Lucky Strike Entertainment from a “buy” rating to a “neutral” rating and set a $9.00 price target for the company. in a report on Monday, May 12th. Stifel Nicolaus dropped their price objective on Lucky Strike Entertainment from $13.00 to $12.00 and set a “buy” rating on the stock in a report on Friday, June 20th. Finally, Canaccord Genuity Group reissued a “buy” rating and set a $16.00 target price (down previously from $18.00) on shares of Lucky Strike Entertainment in a research report on Monday, May 5th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $11.60.

Institutional Trading of Lucky Strike Entertainment

Several institutional investors and hedge funds have recently added to or reduced their stakes in LUCK. Bank of America Corp DE purchased a new position in shares of Lucky Strike Entertainment in the 2nd quarter valued at approximately $94,000. Invesco Ltd. acquired a new stake in shares of Lucky Strike Entertainment during the second quarter worth $114,000. XTX Topco Ltd purchased a new position in Lucky Strike Entertainment in the 2nd quarter valued at $123,000. State of Wyoming acquired a new position in Lucky Strike Entertainment in the 2nd quarter valued at $222,000. Finally, Jane Street Group LLC purchased a new position in Lucky Strike Entertainment during the 2nd quarter worth $1,117,000. 68.11% of the stock is owned by hedge funds and other institutional investors.

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.