Lucky Strike Entertainment (NYSE:LUCK) Receives Consensus Rating of “Hold” from Brokerages

Shares of Lucky Strike Entertainment (NYSE:LUCK) have been assigned an average rating of “Hold” from the seven ratings firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $12.20.

LUCK has been the topic of several research reports. Weiss Ratings reissued a “sell (d)” rating on shares of Lucky Strike Entertainment in a research report on Wednesday, October 8th. Zacks Research raised shares of Lucky Strike Entertainment from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 10th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $16.00 target price on shares of Lucky Strike Entertainment in a report on Friday, August 29th. Stifel Nicolaus upped their target price on shares of Lucky Strike Entertainment from $12.00 to $13.00 and gave the stock a “buy” rating in a report on Friday, August 29th. Finally, Roth Capital reaffirmed a “neutral” rating and set a $11.00 target price on shares of Lucky Strike Entertainment in a report on Friday, August 29th.

Insider Buying and Selling

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

Institutional Investors Weigh In On Lucky Strike Entertainment

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC bought a new stake in Lucky Strike Entertainment during the 2nd quarter valued at $30,000. Spire Wealth Management bought a new stake in Lucky Strike Entertainment during the 2nd quarter valued at $42,000. PNC Financial Services Group Inc. bought a new stake in Lucky Strike Entertainment during the 2nd quarter valued at $50,000. GatePass Capital LLC bought a new stake in Lucky Strike Entertainment during the 2nd quarter valued at $91,000. Finally, Bank of America Corp DE bought a new stake in Lucky Strike Entertainment during the 2nd quarter valued at $94,000. 68.11% of the stock is currently owned by institutional investors.

Lucky Strike Entertainment Stock Down 0.6%

NYSE LUCK opened at $8.13 on Wednesday. The company’s 50 day moving average is $9.85 and its 200-day moving average is $9.58. 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 $1.14 billion, a P/E ratio of -62.53 and a beta of 0.74.

Lucky Strike Entertainment (NYSE:LUCK) last posted its quarterly earnings results on Wednesday, May 17th. The company reported $0.27 earnings per share (EPS) for the quarter. Lucky Strike Entertainment had a negative net margin of 0.83% and a negative return on equity of 23.31%. The company had revenue of $257.82 million for the quarter. Equities analysts expect that Lucky Strike Entertainment will post 0.43 EPS for the current year.

Lucky Strike Entertainment Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 29th were paid a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Friday, August 29th. Lucky Strike Entertainment’s payout ratio is currently -169.23%.

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.