Lucky Strike Entertainment (NYSE:LUCK) Receives Average Recommendation of “Hold” from Analysts

Shares of Lucky Strike Entertainment (NYSE:LUCK) have earned a consensus recommendation of “Hold” from the thirteen research firms that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $8.7222.

Several equities research analysts have issued reports on the company. Stifel Nicolaus set a $9.00 price target on Lucky Strike Entertainment in a report on Thursday, May 7th. Wall Street Zen upgraded shares of Lucky Strike Entertainment from a “strong sell” rating to a “sell” rating in a report on Saturday, June 20th. JPMorgan Chase & Co. lowered shares of Lucky Strike Entertainment from a “neutral” rating to an “underweight” rating and dropped their price objective for the company from $8.00 to $6.00 in a research report on Thursday, April 23rd. Citizens Jmp initiated coverage on shares of Lucky Strike Entertainment in a research note on Monday, June 29th. They set a “market perform” rating for the company. Finally, Truist Financial reduced their target price on shares of Lucky Strike Entertainment from $10.00 to $9.00 and set a “buy” rating for the company in a report on Monday, July 20th.

Hedge Funds Weigh In On Lucky Strike Entertainment

Large investors have recently made changes to their positions in the company. Rice Hall James & Associates LLC lifted its holdings in Lucky Strike Entertainment by 52.7% during the 1st quarter. Rice Hall James & Associates LLC now owns 481,189 shares of the company’s stock worth $4,003,000 after purchasing an additional 166,104 shares during the last quarter. Maven Securities LTD bought a new stake in Lucky Strike Entertainment in the 4th quarter valued at $1,036,000. MYDA Advisors LLC acquired a new position in Lucky Strike Entertainment in the 4th quarter valued at $424,000. Private Management Group Inc. grew its holdings in Lucky Strike Entertainment by 2.6% in the 4th quarter. Private Management Group Inc. now owns 1,911,134 shares of the company’s stock valued at $16,187,000 after buying an additional 48,093 shares in the last quarter. Finally, Squarepoint Ops LLC increased its position in Lucky Strike Entertainment by 110.4% during the 4th quarter. Squarepoint Ops LLC now owns 40,130 shares of the company’s stock worth $340,000 after buying an additional 21,059 shares during the period. Institutional investors own 68.11% of the company’s stock.

Lucky Strike Entertainment Stock Down 0.4%

LUCK opened at $7.00 on Friday. Lucky Strike Entertainment has a 12-month low of $5.70 and a 12-month high of $11.19. The stock has a market cap of $957.04 million, a price-to-earnings ratio of -11.30 and a beta of 0.62. The business has a 50 day moving average of $7.77 and a 200-day moving average of $8.06.

Lucky Strike Entertainment (NYSE:LUCK) last issued its earnings results on Wednesday, May 6th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.07). The firm had revenue of $342.23 million during the quarter, compared to the consensus estimate of $353.77 million. As a group, analysts expect that Lucky Strike Entertainment will post -0.2 earnings per share for the current year.

Lucky Strike Entertainment Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 22nd were given a dividend of $0.06 per share. The ex-dividend date was Friday, May 22nd. This represents a $0.24 annualized dividend and a yield of 3.4%. Lucky Strike Entertainment’s dividend payout ratio (DPR) is -38.71%.

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.