Lucky Strike Entertainment (NYSE:LUCK) Lowered to Sell Rating by Wall Street Zen

Lucky Strike Entertainment (NYSE:LUCK) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

LUCK has been the topic of a number of other research reports. Piper Sandler lowered their price target on Lucky Strike Entertainment from $10.00 to $9.00 and set a “neutral” rating on the stock in a report on Monday, November 10th. Jefferies Financial Group restated a “buy” rating and set a $18.00 target price on shares of Lucky Strike Entertainment in a research note on Monday, December 15th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Lucky Strike Entertainment in a research report on Monday, December 29th. Four equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Lucky Strike Entertainment presently has a consensus rating of “Hold” and a consensus target price of $12.57.

Lucky Strike Entertainment Price Performance

LUCK stock opened at $8.12 on Friday. The firm has a market cap of $1.13 billion, a PE ratio of -21.37 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. The firm has a 50 day simple moving average of $8.67 and a 200 day simple moving average of $9.23.

Lucky Strike Entertainment (NYSE:LUCK) last posted its quarterly earnings results on Tuesday, November 4th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.15) by $0.03. The company had revenue of $292.28 million during the quarter, compared to the consensus estimate of $282.98 million. As a group, sell-side analysts expect 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 bought 30,000 shares of the firm’s stock in a transaction on Friday, November 28th. The stock was purchased at an average cost of $8.09 per share, with a total value of $242,700.00. Following the completion of the purchase, the director owned 30,000 shares in the company, valued at approximately $242,700. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders have purchased a total of 32,401 shares of company stock valued at $262,149 over the last ninety days. 84.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC bought a new position in shares of Lucky Strike Entertainment during the 2nd quarter worth approximately $30,000. Spire Wealth Management bought a new stake in shares of Lucky Strike Entertainment in the second quarter valued at about $42,000. PNC Financial Services Group Inc. bought a new stake in Lucky Strike Entertainment in the 2nd quarter valued at about $50,000. GatePass Capital LLC bought a new stake in shares of Lucky Strike Entertainment in the second quarter valued at approximately $91,000. Finally, Bank of America Corp DE bought a new stake in shares of Lucky Strike Entertainment during the 2nd quarter valued at $94,000. 68.11% of the stock is owned by institutional investors and hedge funds.

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.