Lucky Strike Entertainment (NYSE:LUCK) Stock Price Down 1.6% – Here’s What Happened

Lucky Strike Entertainment (NYSE:LUCK)’s stock price fell 1.6% during mid-day trading on Friday . The company traded as low as $7.80 and last traded at $7.8690. 72,130 shares were traded during mid-day trading, a decline of 33% from the average session volume of 108,164 shares. The stock had previously closed at $8.00.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lucky Strike Entertainment in a research report on Monday, December 29th. Wall Street Zen lowered Lucky Strike Entertainment from a “hold” rating to a “sell” rating in a research report on Saturday, January 31st. Canaccord Genuity Group set a $13.00 target price on Lucky Strike Entertainment in a research note on Thursday, February 5th. Roth Mkm restated a “neutral” rating and set a $7.50 target price on shares of Lucky Strike Entertainment in a report on Thursday, February 5th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $18.00 price target on shares of Lucky Strike Entertainment in a research note on Monday, December 15th. Four research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $11.64.

Lucky Strike Entertainment Trading Down 1.6%

The stock has a market cap of $1.08 billion, a price-to-earnings ratio of -12.11 and a beta of 0.70. The company has a 50 day simple moving average of $8.13 and a 200-day simple moving average of $8.62.

Lucky Strike Entertainment (NYSE:LUCK) last posted its quarterly earnings data on Wednesday, February 4th. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.14). The firm had revenue of $306.86 million during the quarter, compared to the consensus estimate of $313.83 million. Equities analysts forecast that Lucky Strike Entertainment will post 0.43 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director John Alan Young purchased 6,000 shares of Lucky Strike Entertainment stock in a transaction on Friday, February 6th. The stock was purchased at an average price of $6.50 per share, with a total value of $39,000.00. Following the transaction, the director directly owned 85,518 shares in the company, valued at $555,867. The trade was a 7.55% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. 84.20% of the stock is currently owned by company insiders.

Institutional Trading of Lucky Strike Entertainment

A number of institutional investors have recently made changes to their positions in LUCK. PNC Financial Services Group Inc. acquired a new position in Lucky Strike Entertainment during the second quarter worth $50,000. Geode Capital Management LLC acquired a new stake in Lucky Strike Entertainment in the 2nd quarter valued at $2,661,000. XTX Topco Ltd acquired a new stake in Lucky Strike Entertainment in the 2nd quarter valued at $123,000. Systematic Financial Management LP bought a new stake in Lucky Strike Entertainment during the 2nd quarter worth about $5,785,000. Finally, Invesco Ltd. bought a new stake in Lucky Strike Entertainment during the 2nd quarter worth about $114,000. 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. Shannon in 1997 and is headquartered in Mechanicsville, VA.