Lucky Strike Entertainment (LUCK) Expected to Announce Earnings on Thursday

Lucky Strike Entertainment (NYSE:LUCK) is projected to post its results before the market opens on Thursday, August 28th. Analysts expect Lucky Strike Entertainment to post earnings of ($0.07) per share and revenue of $295.0680 million for the quarter.

Lucky Strike Entertainment Price Performance

NYSE LUCK opened at $10.54 on Tuesday. The business has a fifty day moving average price of $9.92 and a two-hundred day moving average price of $9.69. Lucky Strike Entertainment has a fifty-two week low of $7.66 and a fifty-two week high of $13.25. The stock has a market capitalization of $1.48 billion, a PE ratio of -150.55 and a beta of 0.75.

Lucky Strike Entertainment Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 29th will be paid a dividend of $0.055 per share. The ex-dividend date is Friday, August 29th. This represents a $0.22 annualized dividend and a yield of 2.1%. Lucky Strike Entertainment’s dividend payout ratio is presently -314.29%.

Analyst Upgrades and Downgrades

LUCK has been the subject of several recent analyst reports. Zacks Research upgraded Lucky Strike Entertainment to a “strong sell” rating in a research note on Tuesday, August 12th. Roth Capital cut Lucky Strike Entertainment from a “buy” rating to a “neutral” rating and set a $9.00 target price for the company. in a research note on Monday, May 12th. Stifel Nicolaus cut their target price on Lucky Strike Entertainment from $13.00 to $12.00 and set a “buy” rating for the company in a research note on Friday, June 20th. Finally, 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 note on Monday, May 5th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $11.60.

Insider Activity at Lucky Strike Entertainment

In other news, CEO Thomas F. Shannon purchased 20,000 shares of the company’s stock in a transaction dated Wednesday, May 28th. The stock was bought at an average cost of $8.73 per share, for a total transaction of $174,600.00. Following the purchase, the chief executive officer owned 2,364,000 shares of the company’s stock, valued at approximately $20,637,720. The trade was a 0.85% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In the last three months, insiders acquired 22,350 shares of company stock valued at $194,778. 79.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Geode Capital Management LLC bought a new position in shares of Lucky Strike Entertainment in the 2nd quarter valued at $2,661,000. Jane Street Group LLC acquired a new stake in Lucky Strike Entertainment in the second quarter valued at $1,117,000. State of Wyoming acquired a new stake in Lucky Strike Entertainment in the second quarter valued at $222,000. XTX Topco Ltd acquired a new stake in Lucky Strike Entertainment in the second quarter valued at $123,000. Finally, Invesco Ltd. acquired a new stake in Lucky Strike Entertainment in the second quarter valued at $114,000. 68.11% of the stock is currently owned by institutional investors.

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.