Bessemer Group Inc. Takes Position in Lucky Strike Entertainment $LUCK

Bessemer Group Inc. acquired a new position in shares of Lucky Strike Entertainment (NYSE:LUCK) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 44,620 shares of the company’s stock, valued at approximately $407,000.

Other hedge funds have also added to or reduced their stakes in the company. Farther Finance Advisors LLC purchased a new position in shares of Lucky Strike Entertainment in the second quarter valued at about $30,000. Bfsg LLC purchased a new stake in Lucky Strike Entertainment in the second quarter worth about $137,000. Bleakley Financial Group LLC purchased a new stake in Lucky Strike Entertainment in the second quarter worth about $235,000. Dakota Wealth Management bought a new position in shares of Lucky Strike Entertainment in the second quarter worth approximately $238,000. Finally, Diversified Trust Co bought a new position in shares of Lucky Strike Entertainment in the second quarter worth approximately $267,000. 68.11% of the stock is owned by institutional investors.

Lucky Strike Entertainment Stock Performance

Shares of NYSE LUCK opened at $8.35 on Monday. The firm has a market cap of $1.17 billion, a PE ratio of -64.23 and a beta of 0.72. The firm has a fifty day moving average of $9.72 and a 200 day moving average of $9.57. Lucky Strike Entertainment has a one year low of $7.66 and a one year high of $13.25.

Lucky Strike Entertainment (NYSE:LUCK) last released its 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 business had revenue of $257.82 million during the quarter. On average, equities analysts predict that Lucky Strike Entertainment will post 0.43 EPS for the current fiscal year.

Lucky Strike Entertainment Announces Dividend

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

Insiders Place Their Bets

In related news, President Lev Ekster bought 2,505 shares of the stock in a transaction on Friday, September 5th. The stock was bought at an average price of $9.99 per share, with a total value of $25,024.95. Following the completion of the purchase, the president directly owned 71,800 shares in the company, valued at $717,282. This represents a 3.61% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders have bought a total of 5,179 shares of company stock worth $51,627 over the last ninety days. Company insiders own 84.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on LUCK. Canaccord Genuity Group reiterated a “buy” rating and issued a $16.00 price target on shares of Lucky Strike Entertainment in a research report on Friday, August 29th. Roth Capital reaffirmed a “neutral” rating and set a $11.00 target price 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 report on Wednesday, September 10th. Weiss Ratings restated a “sell (d)” rating on shares of Lucky Strike Entertainment in a report on Wednesday, October 8th. Finally, 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 report on Friday, August 29th. Three equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $12.20.

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.