Brokerages Set Lucky Strike Entertainment (NYSE:LUCK) PT at $11.60

Shares of Lucky Strike Entertainment (NYSE:LUCK) have been assigned a consensus rating of “Hold” from the six brokerages that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $11.60.

A number of equities research analysts have recently commented on the company. Roth Capital cut 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. Canaccord Genuity Group restated a “buy” rating and set a $16.00 target price (down from $18.00) on shares of Lucky Strike Entertainment in a research report on Monday, May 5th. Zacks Research upgraded Lucky Strike Entertainment to a “strong sell” rating in a research report on Tuesday, August 12th. Finally, Stifel Nicolaus dropped their target price on Lucky Strike Entertainment from $13.00 to $12.00 and set a “buy” rating on the stock in a research report on Friday, June 20th.

Insider Buying and Selling at Lucky Strike Entertainment

In other Lucky Strike Entertainment news, CEO Thomas F. Shannon bought 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 28th. The shares were purchased at an average price of $8.73 per share, with a total value of $174,600.00. Following the completion of the acquisition, the chief executive officer directly owned 2,364,000 shares of the company’s stock, valued at $20,637,720. This represents a 0.85% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders acquired a total of 22,350 shares of company stock worth $194,778 over the last 90 days. 79.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Lucky Strike Entertainment

Several hedge funds have recently made changes to their positions in LUCK. Bank of America Corp DE acquired a new stake in shares of Lucky Strike Entertainment during the second quarter worth about $94,000. Jane Street Group LLC acquired a new stake in shares of Lucky Strike Entertainment during the second quarter worth about $1,117,000. Invesco Ltd. acquired a new stake in shares of Lucky Strike Entertainment during the second quarter worth about $114,000. Systematic Financial Management LP acquired a new stake in shares of Lucky Strike Entertainment during the second quarter worth about $5,785,000. Finally, XTX Topco Ltd acquired a new stake in shares of Lucky Strike Entertainment during the second quarter worth about $123,000. Hedge funds and other institutional investors own 68.11% of the company’s stock.

Lucky Strike Entertainment Price Performance

Shares of LUCK stock opened at $10.11 on Friday. The firm has a market capitalization of $1.42 billion, a price-to-earnings ratio of -144.41 and a beta of 0.75. The business has a fifty day moving average of $9.76 and a 200 day moving average of $9.71. Lucky Strike Entertainment has a 1 year low of $7.66 and a 1 year high of $13.25.

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.