Lucky Strike Entertainment (NYSE:LUCK) Shares Gap Up – Here’s What Happened

Lucky Strike Entertainment (NYSE:LUCK) gapped up prior to trading on Friday . The stock had previously closed at $7.54, but opened at $7.93. Lucky Strike Entertainment shares last traded at $7.86, with a volume of 30,596 shares trading hands.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on LUCK. Roth Mkm reaffirmed a “neutral” rating and set a $7.50 target price on shares of Lucky Strike Entertainment in a research report on Thursday, February 5th. Weiss Ratings restated a “sell (d-)” rating on shares of Lucky Strike Entertainment in a report on Monday, December 29th. Wall Street Zen cut shares of Lucky Strike Entertainment from a “hold” rating to a “sell” rating in a report on Saturday, January 31st. Jefferies Financial Group restated a “buy” rating and issued a $18.00 price target on shares of Lucky Strike Entertainment in a report on Monday, December 15th. Finally, Piper Sandler dropped their price objective on shares of Lucky Strike Entertainment from $10.00 to $9.00 and set a “neutral” rating on the stock in a research note on Monday, November 10th. Four investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $11.64.

Lucky Strike Entertainment Stock Up 3.3%

The firm has a market capitalization of $1.09 billion, a PE ratio of -11.98 and a beta of 0.71. The company’s 50-day simple moving average is $8.53 and its 200 day simple moving average is $9.01.

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

Insider Buying and Selling at Lucky Strike Entertainment

In other Lucky Strike Entertainment news, Director Richard Meynard Born purchased 30,000 shares of the stock in a transaction on Friday, November 28th. The stock was acquired at an average price of $8.09 per share, with a total value of $242,700.00. Following the completion of the acquisition, the director owned 30,000 shares in the company, valued at $242,700. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director John Alan Young purchased 6,000 shares of the company’s stock in a transaction dated Friday, February 6th. The shares were acquired at an average price of $6.50 per share, for a total transaction of $39,000.00. Following the purchase, the director directly owned 85,518 shares of the company’s stock, valued at approximately $555,867. The trade was a 7.55% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders have bought 36,801 shares of company stock valued at $288,504. Company insiders own 84.20% of the company’s stock.

Institutional Trading of Lucky Strike Entertainment

Institutional investors and hedge funds have recently bought and sold shares of the business. Spire Wealth Management acquired a new stake in shares of Lucky Strike Entertainment in the second quarter worth $42,000. PNC Financial Services Group Inc. purchased a new stake in Lucky Strike Entertainment in the second quarter valued at $50,000. State of Wyoming acquired a new stake in Lucky Strike Entertainment during the 4th quarter worth about $74,000. GatePass Capital LLC acquired a new stake in Lucky Strike Entertainment during the 2nd quarter worth about $91,000. Finally, Bank of America Corp DE purchased a new position in shares of Lucky Strike Entertainment during the 2nd quarter valued at about $94,000. 68.11% of the stock is currently owned by institutional investors and hedge funds.

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.