Lucky Strike Entertainment (LUCK) Expected to Announce Quarterly Earnings on Wednesday

Lucky Strike Entertainment (NYSE:LUCK) will likely be posting its results before the market opens on Wednesday, February 4th. Analysts expect Lucky Strike Entertainment to post earnings of $0.03 per share and revenue of $313.83 million for the quarter.

Lucky Strike Entertainment (NYSE:LUCK) last posted its earnings results on Tuesday, November 4th. The company reported ($0.12) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.03. The company had revenue of $292.28 million for the quarter, compared to the consensus estimate of $282.98 million. 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 Trading Down 0.3%

Lucky Strike Entertainment stock opened at $8.66 on Wednesday. The stock has a 50-day moving average price of $8.60 and a two-hundred day moving average price of $9.26. The company has a market capitalization of $1.21 billion, a PE ratio of -22.79 and a beta of 0.71. Lucky Strike Entertainment has a 12 month low of $6.96 and a 12 month high of $13.25.

Insider Activity at Lucky Strike Entertainment

In other news, Director Richard Meynard Born acquired 30,000 shares of the company’s stock in a transaction that occurred on Friday, November 28th. The shares were acquired at an average price of $8.09 per share, for a total transaction of $242,700.00. Following the completion of the purchase, the director owned 30,000 shares in the company, valued at approximately $242,700. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last quarter, insiders have purchased 32,401 shares of company stock valued at $262,149. Insiders own 84.20% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in LUCK. Bank of America Corp DE bought a new position in shares of Lucky Strike Entertainment in the second quarter valued at approximately $94,000. Invesco Ltd. bought a new position in shares of Lucky Strike Entertainment during the second quarter valued at about $114,000. Jain Global LLC purchased a new position in shares of Lucky Strike Entertainment in the third quarter worth about $121,000. XTX Topco Ltd bought a new stake in shares of Lucky Strike Entertainment in the 2nd quarter valued at about $123,000. Finally, State of Wyoming bought a new stake in shares of Lucky Strike Entertainment in the 2nd quarter valued at about $222,000. Hedge funds and other institutional investors own 68.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on LUCK shares. Wall Street Zen raised Lucky Strike Entertainment from a “sell” rating to a “hold” rating in a research report on Saturday, January 10th. Weiss Ratings restated a “sell (d-)” rating on shares of Lucky Strike Entertainment in a report on Monday, December 29th. Jefferies Financial Group reissued 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, Piper Sandler reduced 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. Four research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $12.57.

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. Shannon in 1997 and is headquartered in Mechanicsville, VA.