Lucky Strike Entertainment (NYSE:LUCK) Given New $12.00 Price Target at Stifel Nicolaus

Lucky Strike Entertainment (NYSE:LUCK) had its price target decreased by Stifel Nicolaus from $13.00 to $12.00 in a research report report published on Friday,Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

Other equities research analysts have also issued reports about the stock. JPMorgan Chase & Co. decreased their target price on shares of Lucky Strike Entertainment from $12.00 to $10.00 and set a “neutral” rating on the stock in a research report on Monday, April 14th. Roth Capital lowered shares of Lucky Strike Entertainment from a “buy” rating to a “neutral” rating and set a $9.00 target price on the stock. in a research report on Monday, May 12th. Truist Financial decreased their target price on shares of Lucky Strike Entertainment from $14.00 to $11.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Finally, Canaccord Genuity Group reiterated a “buy” rating and issued a $16.00 price objective (down from $18.00) on shares of Lucky Strike Entertainment in a research report on Monday, May 5th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $11.60.

Lucky Strike Entertainment Stock Down 2.9%

Shares of NYSE LUCK opened at $9.64 on Friday. The stock has a market cap of $1.35 billion, a price-to-earnings ratio of -137.69 and a beta of 0.73. Lucky Strike Entertainment has a one year low of $7.66 and a one year high of $14.92. The stock’s fifty day moving average is $9.05.

Lucky Strike Entertainment (NYSE:LUCK) last issued its earnings results on Thursday, May 8th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.16). The company had revenue of $339.88 million for the quarter, compared to analysts’ expectations of $361.42 million. Lucky Strike Entertainment had a negative return on equity of 23.31% and a net margin of 0.21%. As a group, equities research analysts forecast that Lucky Strike Entertainment will post 0.43 earnings per share for the current year.

Lucky Strike Entertainment Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 23rd were given a $0.055 dividend. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $0.22 annualized dividend and a dividend yield of 2.28%. Lucky Strike Entertainment’s dividend payout ratio is presently -314.29%.

Insider Buying and Selling

In other news, CEO Thomas F. Shannon bought 44,000 shares of Lucky Strike Entertainment stock in a transaction on Friday, May 9th. The shares were bought at an average cost of $8.48 per share, for a total transaction of $373,120.00. Following the acquisition, the chief executive officer now owns 2,344,000 shares in the company, valued at approximately $19,877,120. This trade represents a 1.91% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, President Lev Ekster bought 3,034 shares of Lucky Strike Entertainment stock in a transaction on Friday, May 9th. The stock was purchased at an average price of $8.24 per share, for a total transaction of $25,000.16. Following the completion of the acquisition, the president now owns 69,295 shares in the company, valued at $570,990.80. This represents a 4.58% increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 73,384 shares of company stock worth $626,098 in the last three months. Corporate insiders own 79.90% of the company’s stock.

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.