Lucky Strike Entertainment (NYSE:LUCK) Receives Consensus Recommendation of “Hold” from Brokerages

Lucky Strike Entertainment (NYSE:LUCK) has been assigned an average rating of “Hold” from the thirteen research firms that are presently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $8.3889.

Several equities analysts recently issued reports on the company. Roth Capital set a $6.50 price objective on Lucky Strike Entertainment in a research note on Friday, August 28th. Jefferies Financial Group set a $10.00 price objective on shares of Lucky Strike Entertainment in a research report on Thursday, August 27th. Weiss Ratings reissued a “sell (d)” rating on shares of Lucky Strike Entertainment in a report on Friday, July 31st. Wall Street Zen upgraded Lucky Strike Entertainment from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 20th. Finally, Zacks Research cut Lucky Strike Entertainment from a “hold” rating to a “strong sell” rating in a research report on Monday, August 31st.

Insider Activity

In other Lucky Strike Entertainment news, CEO Thomas F. Shannon purchased 30,000 shares of Lucky Strike Entertainment stock in a transaction on Wednesday, September 9th. The stock was bought at an average price of $5.86 per share, for a total transaction of $175,800.00. Following the transaction, the chief executive officer owned 3,144,000 shares of the company’s stock, valued at $18,423,840. The trade was a 0.96% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Sandeep Mathrani purchased 9,350 shares of the firm’s stock in a transaction dated Friday, August 28th. The stock was acquired at an average cost of $6.41 per share, with a total value of $59,933.50. Following the purchase, the director owned 9,350 shares of the company’s stock, valued at approximately $59,933.50. This represents a ? increase in their position. The SEC filing for this purchase provides additional information. Insiders have bought 43,150 shares of company stock valued at $258,948 in the last 90 days. Insiders own 84.20% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in LUCK. Squarepoint Ops LLC grew its holdings in shares of Lucky Strike Entertainment by 69.8% in the 2nd quarter. Squarepoint Ops LLC now owns 22,158 shares of the company’s stock worth $166,000 after acquiring an additional 9,112 shares during the last quarter. Private Management Group Inc. boosted its position in shares of 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 purchasing an additional 48,093 shares during the period. MYDA Advisors LLC acquired a new position in shares of Lucky Strike Entertainment in the 4th quarter valued at $424,000. Rice Hall James & Associates LLC increased its stake in Lucky Strike Entertainment by 38.5% in 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 in the last quarter. Finally, Maven Securities LTD purchased a new position in shares of Lucky Strike Entertainment in the fourth quarter worth approximately $1,036,000. Institutional investors and hedge funds own 68.11% of the company’s stock.

Lucky Strike Entertainment Stock Performance

LUCK opened at $5.51 on Friday. The company has a 50-day moving average of $6.56 and a 200-day moving average of $7.58. Lucky Strike Entertainment has a 1-year low of $5.30 and a 1-year high of $10.82. The company has a market capitalization of $750.77 million, a P/E ratio of -16.20 and a beta of 0.62.

Lucky Strike Entertainment (NYSE:LUCK) last issued its earnings results on Thursday, August 27th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate 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. As a group, sell-side analysts expect that Lucky Strike Entertainment will post -0.02 earnings per share for the current fiscal year.

Lucky Strike Entertainment Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 22nd. Stockholders of record on Tuesday, September 8th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a $0.24 annualized dividend and a dividend yield of 4.4%. Lucky Strike Entertainment’s payout ratio is -70.59%.

Lucky Strike Entertainment Company Profile

Lucky Strike Entertainment Inc (NYSE: LUCK) is an operator of location-based entertainment venues centered on bowling. Its centers combine bowling with arcade games, food and beverages, and social entertainment, serving individual customers, families, corporate groups, parties, and organized leagues.

The company operates venues under brands that include Lucky Strike, Bowlero, and AMF. Offerings may include traditional bowling, enhanced bowling experiences, billiards, arcade attractions, event spaces, and hospitality services.