Lucky Strike Entertainment (NYSE:LUCK) Given Consensus Recommendation of “Hold” by Analysts

Shares of Lucky Strike Entertainment (NYSE:LUCK) have received a consensus recommendation of “Hold” from the nine research firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $12.5714.

A number of analysts have commented on LUCK shares. Stifel Nicolaus upped their price target on Lucky Strike Entertainment from $12.00 to $13.00 and gave the stock a “buy” rating in a research report on Friday, August 29th. Piper Sandler reduced their target price on shares of Lucky Strike Entertainment from $10.00 to $9.00 and set a “neutral” rating for the company in a report on Monday, November 10th. Roth Capital restated a “neutral” rating and set a $11.00 target price on shares of Lucky Strike Entertainment in a research note on Friday, August 29th. Wall Street Zen cut shares of Lucky Strike Entertainment from a “hold” rating to a “sell” rating in a research note on Saturday, December 6th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Lucky Strike Entertainment in a research report on Monday.

Lucky Strike Entertainment Trading Down 0.2%

Shares of LUCK stock opened at $8.85 on Thursday. Lucky Strike Entertainment has a 12 month low of $6.96 and a 12 month high of $13.25. The stock has a market cap of $1.24 billion, a P/E ratio of -23.29 and a beta of 0.72. The company has a 50 day simple moving average of $8.39 and a two-hundred day simple moving average of $9.36.

Lucky Strike Entertainment (NYSE:LUCK) last issued its quarterly earnings results on Wednesday, May 17th. The company reported $0.27 earnings per share for the quarter. The business had revenue of $257.82 million for the quarter. Lucky Strike Entertainment had a negative net margin of 3.80% and a negative return on equity of 23.31%. As a group, equities analysts forecast that Lucky Strike Entertainment will post 0.43 earnings per share for the current year.

Insider Buying and Selling

In other Lucky Strike Entertainment news, Director Richard Meynard Born acquired 30,000 shares of the stock in a transaction dated Friday, November 28th. The shares were acquired at an average cost of $8.09 per share, for a total transaction of $242,700.00. Following the completion of the transaction, the director directly owned 30,000 shares of the company’s stock, valued at approximately $242,700. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders bought 32,401 shares of company stock worth $262,149 over the last quarter. 84.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC bought a new stake in shares of Lucky Strike Entertainment in the second quarter worth about $30,000. Spire Wealth Management purchased a new position in Lucky Strike Entertainment during the 2nd quarter valued at approximately $42,000. PNC Financial Services Group Inc. bought a new stake in Lucky Strike Entertainment in the 2nd quarter worth approximately $50,000. GatePass Capital LLC purchased a new stake in shares of Lucky Strike Entertainment during the 2nd quarter worth approximately $91,000. Finally, Bank of America Corp DE purchased a new stake in shares of Lucky Strike Entertainment during the 2nd quarter worth approximately $94,000. Institutional investors own 68.11% of the company’s stock.

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.