Lucky Strike Entertainment (NYSE:LUCK) Price Target Lowered to $9.00 at Truist Financial

Lucky Strike Entertainment (NYSE:LUCK) had its target price cut by Truist Financial from $10.00 to $9.00 in a research note published on Monday morning, MarketBeat Ratings reports. They currently have a buy rating on the stock.

Other research analysts have also recently issued reports about the stock. Citizens Jmp began coverage on shares of Lucky Strike Entertainment in a report on Monday, June 29th. They set a “market perform” rating for the company. Wall Street Zen upgraded shares of Lucky Strike Entertainment from a “strong sell” rating to a “sell” rating in a report on Saturday, June 20th. Citigroup initiated coverage on shares of Lucky Strike Entertainment in a research report on Monday, June 29th. They issued a “market perform” rating on the stock. Craig Hallum downgraded Lucky Strike Entertainment from a “buy” rating to a “hold” rating and set a $6.50 price target for the company. in a research note on Thursday, May 7th. Finally, Jefferies Financial Group set a $12.00 price objective on Lucky Strike Entertainment in a report on Wednesday, May 6th. Four equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Lucky Strike Entertainment currently has an average rating of “Hold” and a consensus target price of $8.72.

Lucky Strike Entertainment Stock Down 1.7%

Shares of LUCK opened at $7.29 on Monday. Lucky Strike Entertainment has a 12-month low of $5.70 and a 12-month high of $11.61. The business’s fifty day moving average is $7.97 and its 200 day moving average is $8.15. The stock has a market cap of $995.28 million, a P/E ratio of -11.75 and a beta of 0.61.

Lucky Strike Entertainment (NYSE:LUCK) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.07). The business had revenue of $342.23 million for the quarter, compared to analyst estimates of $353.77 million. On average, analysts expect that Lucky Strike Entertainment will post -0.2 EPS for the current year.

Lucky Strike Entertainment Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 22nd were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend was Friday, May 22nd. Lucky Strike Entertainment’s payout ratio is currently -38.71%.

Institutional Trading of Lucky Strike Entertainment

Several institutional investors have recently made changes to their positions in the company. State of Wyoming purchased a new stake in shares of Lucky Strike Entertainment in the fourth quarter valued at about $74,000. Bank of America Corp DE purchased a new position in Lucky Strike Entertainment during the second quarter worth about $94,000. Invesco Ltd. purchased a new position in Lucky Strike Entertainment during the second quarter worth about $114,000. Jain Global LLC purchased a new position in Lucky Strike Entertainment during the third quarter worth about $121,000. Finally, XTX Topco Ltd bought a new stake in Lucky Strike Entertainment in the 2nd quarter worth about $123,000. 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.