Lucky Strike Entertainment (NYSE:LUCK) Given Average Rating of “Hold” by Analysts

Lucky Strike Entertainment (NYSE:LUCK) has been given a consensus rating of “Hold” by the nine brokerages that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $12.5714.

A number of research firms recently weighed in on LUCK. Weiss Ratings restated a “sell (d-)” rating on shares of Lucky Strike Entertainment in a research report on Monday, December 29th. Piper Sandler lowered their price objective 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. Jefferies Financial Group reaffirmed a “buy” rating and issued a $18.00 price objective on shares of Lucky Strike Entertainment in a research note on Monday, December 15th. Finally, Wall Street Zen upgraded shares of Lucky Strike Entertainment from a “sell” rating to a “hold” rating in a research report on Saturday.

Lucky Strike Entertainment Stock Performance

Shares of NYSE:LUCK opened at $8.80 on Monday. The firm has a market capitalization of $1.23 billion, a PE ratio of -23.16 and a beta of 0.71. Lucky Strike Entertainment has a 52-week low of $6.96 and a 52-week high of $13.25. The firm has a fifty day moving average of $8.37 and a 200 day moving average of $9.32.

Lucky Strike Entertainment (NYSE:LUCK) last issued its quarterly earnings results on Wednesday, May 17th. The company reported $0.27 earnings per share (EPS) for the quarter. The firm had revenue of $257.82 million for the quarter. On average, sell-side analysts forecast that Lucky Strike Entertainment will post 0.43 EPS for the current fiscal year.

Insider Activity at Lucky Strike Entertainment

In related news, Director Richard Meynard Born bought 30,000 shares of the stock in a transaction dated Friday, November 28th. The stock was bought at an average price of $8.09 per share, with a total value of $242,700.00. Following the purchase, the director owned 30,000 shares in the company, valued at approximately $242,700. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Insiders bought a total of 32,401 shares of company stock valued at $262,149 in the last quarter. 84.20% of the stock is currently owned by insiders.

Institutional Trading of Lucky Strike Entertainment

A number of institutional investors have recently modified their holdings of LUCK. Taylor Frigon Capital Management LLC purchased a new position in shares of Lucky Strike Entertainment during the second quarter valued at approximately $1,731,000. Diversified Trust Co bought a new stake in Lucky Strike Entertainment in the second quarter valued at $267,000. Private Management Group Inc. bought a new stake in Lucky Strike Entertainment in the second quarter valued at $17,143,000. AlphaQuest LLC purchased a new position in Lucky Strike Entertainment during the 2nd quarter valued at $568,000. Finally, North Star Investment Management Corp. bought a new position in Lucky Strike Entertainment in the 2nd quarter worth $552,000. 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. Shannon in 1997 and is headquartered in Mechanicsville, VA.