Lucky Strike Entertainment (NYSE:LUCK) Now Covered by Citizens Jmp

Investment analysts at Citizens Jmp started coverage on shares of Lucky Strike Entertainment (NYSE:LUCK) in a research note issued to investors on Monday,Benzinga reports. The firm set a “market perform” rating on the stock.

A number of other research firms have also issued reports on LUCK. Stifel Nicolaus set a $9.00 target price on Lucky Strike Entertainment in a research note on Thursday, May 7th. Jefferies Financial Group set a $12.00 price objective on Lucky Strike Entertainment in a research report on Wednesday, May 6th. Citigroup initiated coverage on Lucky Strike Entertainment in a research report on Monday. They set a “market perform” rating for the company. Weiss Ratings reissued a “sell (d)” rating on shares of Lucky Strike Entertainment in a research note on Monday, May 4th. Finally, JPMorgan Chase & Co. lowered shares of Lucky Strike Entertainment from a “neutral” rating to an “underweight” rating and reduced their target price for the company from $8.00 to $6.00 in a report on Thursday, April 23rd. Three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Lucky Strike Entertainment currently has an average rating of “Hold” and an average price target of $8.69.

Lucky Strike Entertainment Trading Down 0.3%

NYSE:LUCK opened at $7.87 on Monday. The company has a market capitalization of $1.08 billion, a P/E ratio of -12.75 and a beta of 0.60. The firm has a 50-day moving average price of $8.14 and a two-hundred day moving average price of $8.32. 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 (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.07). The business had revenue of $342.23 million for the quarter, compared to the consensus estimate of $353.77 million. On average, equities research analysts predict that Lucky Strike Entertainment will post -0.2 earnings per share for the current year.

Insider Activity

In other news, insider Lev Ekster sold 3,000 shares of the company’s stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $8.47, for a total transaction of $25,410.00. Following the completion of the sale, the insider directly owned 64,296 shares in the company, valued at $544,587.12. This represents a 4.46% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 84.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Lucky Strike Entertainment

Large investors have recently modified their holdings of the company. Rice Hall James & Associates LLC grew its holdings in shares of Lucky Strike Entertainment by 38.5% during the 4th quarter. Rice Hall James & Associates LLC now owns 315,085 shares of the company’s stock worth $2,669,000 after purchasing an additional 87,656 shares during the period. Maven Securities LTD acquired a new stake in shares of Lucky Strike Entertainment in the fourth quarter worth $1,036,000. MYDA Advisors LLC purchased a new position in shares of Lucky Strike Entertainment in the 4th quarter valued at $424,000. FourThought Financial Partners LLC purchased a new stake in Lucky Strike Entertainment during the 3rd quarter worth $261,000. Finally, R Squared Ltd purchased a new position in Lucky Strike Entertainment in the third quarter valued at about $123,000. 68.11% of the stock is currently owned by hedge funds and other institutional investors.

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.