Lucky Strike Entertainment (NYSE:LUCK) Trading Down 2.4% on Analyst Downgrade

Lucky Strike Entertainment (NYSE:LUCK)’s stock price dropped 2.4% during trading on Monday after JPMorgan Chase & Co. lowered their price target on the stock from $12.00 to $10.00. JPMorgan Chase & Co. currently has a neutral rating on the stock. Lucky Strike Entertainment traded as low as $8.90 and last traded at $8.90. Approximately 40,919 shares were traded during mid-day trading, a decline of 91% from the average daily volume of 467,161 shares. The stock had previously closed at $9.12.

Separately, Truist Financial decreased their price target on Lucky Strike Entertainment from $14.00 to $11.00 and set a “buy” rating for the company in a report on Monday.

Insider Buying and Selling at Lucky Strike Entertainment

In related news, Director John Alan Young acquired 3,685 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were bought at an average price of $10.13 per share, with a total value of $37,329.05. Following the transaction, the director now directly owns 69,423 shares of the company’s stock, valued at $703,254.99. This trade represents a 5.61 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Vice Chairman Brett I. Parker sold 1,747,434 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $11.54, for a total value of $20,165,388.36. Following the sale, the insider now owns 498,092 shares of the company’s stock, valued at approximately $5,747,981.68. This represents a 77.82 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have acquired 6,163 shares of company stock valued at $62,213. 79.90% of the stock is currently owned by company insiders.

Lucky Strike Entertainment Price Performance

The stock’s 50 day simple moving average is $10.14. The company has a market cap of $1.29 billion, a price-to-earnings ratio of -901.10 and a beta of 0.79.

Lucky Strike Entertainment (NYSE:LUCK) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.06 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.06. Lucky Strike Entertainment had a negative return on equity of 35.76% and a net margin of 1.11%. Research analysts expect that Lucky Strike Entertainment will post 0.43 EPS for the current year.

Lucky Strike Entertainment Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 21st were paid a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date was Friday, February 21st. Lucky Strike Entertainment’s dividend payout ratio is currently -2,200.00%.

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.