Lucky Strike Entertainment (LUCK) Projected to Post Quarterly Earnings on Tuesday

Lucky Strike Entertainment (NYSE:LUCK) is projected to issue its results after the market closes on Tuesday, November 4th. Analysts expect the company to announce earnings of ($0.14) per share and revenue of $282.9810 million for the quarter.

Lucky Strike Entertainment (NYSE:LUCK) last posted its quarterly earnings results on Wednesday, May 17th. The company reported $0.27 earnings per share for the quarter. 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 $257.82 million for the quarter. On average, analysts expect Lucky Strike Entertainment to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Lucky Strike Entertainment Stock Up 4.6%

NYSE:LUCK opened at $8.35 on Friday. 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 cap of $1.17 billion, a PE ratio of -64.23 and a beta of 0.74. The firm’s fifty day simple moving average is $9.72 and its 200-day simple moving average is $9.56.

Lucky Strike Entertainment Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Friday, August 29th were paid a dividend of $0.055 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.6%. Lucky Strike Entertainment’s dividend payout ratio is -169.23%.

Analysts Set New Price Targets

LUCK has been the topic of a number of recent analyst reports. Stifel Nicolaus upped their price target on shares of Lucky Strike Entertainment from $12.00 to $13.00 and gave the stock a “buy” rating in a research note on Friday, August 29th. Roth Capital reaffirmed a “neutral” rating and set a $11.00 price target on shares of Lucky Strike Entertainment in a research note on Friday, August 29th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Lucky Strike Entertainment in a research note on Wednesday, October 8th. Zacks Research upgraded shares of Lucky Strike Entertainment from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 10th. Finally, Canaccord Genuity Group reiterated a “buy” rating and issued a $16.00 price objective on shares of Lucky Strike Entertainment in a research report on Friday, August 29th. Three analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $12.20.

Insider Activity at Lucky Strike Entertainment

In other Lucky Strike Entertainment news, President Lev Ekster acquired 2,505 shares of the firm’s stock in a transaction that occurred on Friday, September 5th. The shares were acquired at an average cost of $9.99 per share, for a total transaction of $25,024.95. Following the transaction, the president directly owned 71,800 shares of the company’s stock, 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. In the last 90 days, insiders have bought 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

Institutional investors and hedge funds have recently made changes to their positions in the business. Bank of America Corp DE purchased a new position in Lucky Strike Entertainment in the 2nd quarter valued at about $94,000. Invesco Ltd. purchased a new position in Lucky Strike Entertainment in the 2nd quarter valued at about $114,000. XTX Topco Ltd purchased a new position in Lucky Strike Entertainment in the 2nd quarter valued at about $123,000. State of Wyoming purchased a new position in Lucky Strike Entertainment in the 2nd quarter valued at about $222,000. Finally, Jane Street Group LLC purchased a new position in Lucky Strike Entertainment in the 2nd quarter valued at about $1,117,000. 68.11% of the stock is currently owned by hedge funds and other institutional investors.

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.