Lucky Strike Entertainment (LUCK) Expected to Announce Quarterly Earnings on Wednesday

Lucky Strike Entertainment (NYSE:LUCK) will likely be announcing its results after the market closes on Wednesday, February 4th. Analysts expect the company to announce earnings of $0.03 per share and revenue of $313.83 million for the quarter.

Lucky Strike Entertainment (NYSE:LUCK) last posted its earnings results on Tuesday, November 4th. The company reported ($0.12) EPS for the quarter, topping the consensus estimate of ($0.15) by $0.03. The business had revenue of $292.28 million for the quarter, compared to analyst estimates of $282.98 million. On average, analysts expect Lucky Strike Entertainment to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Lucky Strike Entertainment Price Performance

Shares of NYSE:LUCK opened at $7.95 on Tuesday. The stock has a market capitalization of $1.11 billion, a P/E ratio of -20.92 and a beta of 0.71. The business has a 50-day moving average of $8.68 and a two-hundred day moving average of $9.20. Lucky Strike Entertainment has a fifty-two week low of $6.96 and a fifty-two week high of $13.25.

Analyst Ratings Changes

LUCK has been the subject of a number of recent analyst reports. Jefferies Financial Group reaffirmed a “buy” rating and set a $18.00 target price on shares of Lucky Strike Entertainment in a research report on Monday, December 15th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lucky Strike Entertainment in a report on Monday, December 29th. Wall Street Zen lowered shares of Lucky Strike Entertainment from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Piper Sandler cut their target price on shares of Lucky Strike Entertainment from $10.00 to $9.00 and set a “neutral” rating for the company in a research report on Monday, November 10th. Four investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $12.57.

Insider Buying and Selling

In related news, Director Richard Meynard Born purchased 30,000 shares of Lucky Strike Entertainment 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 acquisition, the director directly owned 30,000 shares in the company, valued at approximately $242,700. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. In the last ninety days, insiders have acquired 32,401 shares of company stock worth $262,149. 84.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Lucky Strike Entertainment

A number of institutional investors have recently bought and sold shares of the business. Bank of America Corp DE acquired a new position in shares of Lucky Strike Entertainment in the 2nd quarter valued at $94,000. Invesco Ltd. bought a new stake in Lucky Strike Entertainment in the second quarter valued at about $114,000. Jain Global LLC acquired a new position in Lucky Strike Entertainment in the third quarter worth about $121,000. XTX Topco Ltd bought a new position in Lucky Strike Entertainment during the second quarter worth about $123,000. Finally, State of Wyoming acquired a new stake in Lucky Strike Entertainment during the second quarter valued at approximately $222,000. Institutional investors and hedge funds 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.