Lucky Strike Entertainment (NYSE:LUCK) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Lucky Strike Entertainment (NYSE:LUCK) have been given a consensus rating of “Moderate Buy” by the six brokerages that are currently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $12.20.

A number of analysts have commented on LUCK shares. Roth Capital reissued a “neutral” rating and issued a $11.00 target price on shares of Lucky Strike Entertainment in a report on Friday, August 29th. Zacks Research raised Lucky Strike Entertainment from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 10th. Canaccord Genuity Group reissued a “buy” rating and issued a $16.00 target price on shares of Lucky Strike Entertainment in a report on Friday, August 29th. Finally, Stifel Nicolaus lifted their target price on Lucky Strike Entertainment from $12.00 to $13.00 and gave the stock a “buy” rating in a report on Friday, August 29th.

Lucky Strike Entertainment Trading Up 1.3%

Lucky Strike Entertainment stock opened at $9.95 on Tuesday. The firm has a market cap of $1.40 billion, a price-to-earnings ratio of -76.53 and a beta of 0.76. The stock has a fifty day simple moving average of $10.14 and a two-hundred day simple moving average of $9.57. Lucky Strike Entertainment has a 12 month low of $7.66 and a 12 month high of $13.25.

Lucky Strike Entertainment (NYSE:LUCK) last posted its earnings results on Thursday, August 28th. The company reported ($0.49) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.42). The business had revenue of $301.18 million during the quarter, compared to the consensus estimate of $295.07 million. Lucky Strike Entertainment had a negative return on equity of 23.31% and a negative net margin of 0.83%. Lucky Strike Entertainment has set its FY 2025 guidance at EPS. On average, equities research analysts forecast that Lucky Strike Entertainment will post 0.43 EPS for the current fiscal year.

Lucky Strike Entertainment Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Friday, August 29th were paid a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Friday, August 29th. Lucky Strike Entertainment’s dividend payout ratio (DPR) is -169.23%.

Insider Activity

In other news, President Lev Ekster purchased 2,505 shares of the company’s stock in a transaction dated Friday, September 5th. The shares were purchased at an average cost of $9.99 per share, for a total transaction of $25,024.95. Following the purchase, the president directly owned 71,800 shares in the company, valued at approximately $717,282. This represents a 3.61% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 79.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Lucky Strike Entertainment

Institutional investors and hedge funds have recently modified their holdings of the company. Farther Finance Advisors LLC purchased a new position in shares of Lucky Strike Entertainment in the 2nd quarter worth $30,000. Spire Wealth Management purchased a new position in shares of Lucky Strike Entertainment in the 2nd quarter worth $42,000. PNC Financial Services Group Inc. purchased a new position in Lucky Strike Entertainment during the second quarter valued at $50,000. Bank of America Corp DE purchased a new position in Lucky Strike Entertainment during the second quarter valued at $94,000. Finally, Invesco Ltd. purchased a new position in Lucky Strike Entertainment during the second quarter valued at $114,000. 68.11% of the stock is currently owned by hedge funds and other institutional investors.

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.