Brokerages Set Lucky Strike Entertainment (NYSE:LUCK) Price Target at $12.20

Shares of Lucky Strike Entertainment (NYSE:LUCK) have earned a consensus rating of “Hold” from the seven ratings firms that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $12.20.

LUCK has been the subject of a number of recent research reports. Stifel Nicolaus lifted their price objective on shares of Lucky Strike Entertainment from $12.00 to $13.00 and gave the company a “buy” rating in a research note on Friday, August 29th. Canaccord Genuity Group reiterated a “buy” rating and issued a $16.00 price objective on shares of Lucky Strike Entertainment in a research note on Friday, August 29th. Zacks Research upgraded shares of Lucky Strike Entertainment from a “strong sell” rating to a “hold” rating in a research note on Wednesday, September 10th. Weiss Ratings reiterated a “sell (d)” rating on shares of Lucky Strike Entertainment in a research note on Saturday, September 27th. Finally, Roth Capital reiterated a “neutral” rating and issued a $11.00 price objective on shares of Lucky Strike Entertainment in a research note on Friday, August 29th.

Insider Buying and Selling

In other news, President Lev Ekster purchased 2,505 shares of the business’s stock in a transaction on Friday, September 5th. The stock was purchased at an average cost of $9.99 per share, with a total value of $25,024.95. Following the acquisition, the president directly owned 71,800 shares in the company, valued at approximately $717,282. This trade represents a 3.61% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders have acquired 5,179 shares of company stock valued at $51,627. 79.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Farther Finance Advisors LLC bought a new stake in shares of Lucky Strike Entertainment during the 2nd quarter worth $30,000. Spire Wealth Management bought a new stake in shares of Lucky Strike Entertainment during the 2nd quarter worth $42,000. PNC Financial Services Group Inc. bought a new stake in shares of Lucky Strike Entertainment during the 2nd quarter worth $50,000. GatePass Capital LLC bought a new stake in shares of Lucky Strike Entertainment during the 2nd quarter worth $91,000. Finally, Bank of America Corp DE bought a new stake in shares of Lucky Strike Entertainment during the 2nd quarter worth $94,000. 68.11% of the stock is owned by institutional investors.

Lucky Strike Entertainment Stock Down 1.9%

Shares of LUCK stock opened at $10.36 on Friday. The company has a 50 day moving average of $10.06 and a 200-day moving average of $9.59. Lucky Strike Entertainment has a 12-month low of $7.66 and a 12-month high of $13.25. The firm has a market cap of $1.45 billion, a P/E ratio of -79.69 and a beta of 0.74.

Lucky Strike Entertainment (NYSE:LUCK) last released its quarterly earnings data on Thursday, August 28th. The company reported ($0.49) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.42). Lucky Strike Entertainment had a negative net margin of 0.83% and a negative return on equity of 23.31%. The business had revenue of $301.18 million during the quarter, compared to analysts’ expectations of $295.07 million. Lucky Strike Entertainment has set its FY 2025 guidance at EPS. As a group, equities analysts expect that Lucky Strike Entertainment will post 0.43 EPS for the current year.

Lucky Strike Entertainment Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 29th were issued a $0.055 dividend. This represents a $0.22 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Friday, August 29th. Lucky Strike Entertainment’s dividend payout ratio (DPR) is presently -169.23%.

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.