Lucky Strike Entertainment (NYSE:LUCK) Receives Consensus Recommendation of “Hold” from Analysts

Lucky Strike Entertainment (NYSE:LUCK) has been given an average recommendation of “Hold” by the thirteen brokerages that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $8.3889.

Several brokerages have issued reports on LUCK. Weiss Ratings reiterated a “sell (d)” rating on shares of Lucky Strike Entertainment in a research report on Friday, July 31st. Citizens Jmp began coverage on Lucky Strike Entertainment in a report on Monday, June 29th. They set a “market perform” rating on the stock. Jefferies Financial Group set a $10.00 target price on Lucky Strike Entertainment in a research note on Thursday. Craig Hallum cut Lucky Strike Entertainment from a “buy” rating to a “hold” rating and set a $6.50 price target for the company. in a report on Thursday, May 7th. Finally, Roth Capital set a $6.50 price target on shares of Lucky Strike Entertainment in a research report on Friday.

Lucky Strike Entertainment Trading Down 2.6%

Shares of Lucky Strike Entertainment stock opened at $6.31 on Tuesday. The stock has a market capitalization of $862.07 million, a price-to-earnings ratio of -18.56 and a beta of 0.63. The firm’s 50-day moving average price is $7.07 and its two-hundred day moving average price is $7.81. Lucky Strike Entertainment has a 1-year low of $5.52 and a 1-year high of $11.19.

Lucky Strike Entertainment (NYSE:LUCK) last posted its earnings results on Thursday, August 27th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.15). The firm had revenue of $303.95 million for the quarter, compared to the consensus estimate of $311.30 million. As a group, equities research analysts predict that Lucky Strike Entertainment will post 0.15 EPS for the current year.

Lucky Strike Entertainment Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 22nd. Shareholders of record on Tuesday, September 8th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 3.8%. Lucky Strike Entertainment’s payout ratio is currently -70.59%.

Hedge Funds Weigh In On Lucky Strike Entertainment

A number of large investors have recently modified their holdings of the stock. State of Wyoming bought a new stake in shares of Lucky Strike Entertainment during the fourth quarter valued at approximately $74,000. Bank of America Corp DE bought a new position in Lucky Strike Entertainment in the 2nd quarter worth approximately $94,000. Invesco Ltd. acquired a new position in Lucky Strike Entertainment during the 2nd quarter worth $114,000. Jain Global LLC acquired a new position in Lucky Strike Entertainment during the 3rd quarter worth $121,000. Finally, XTX Topco Ltd bought a new position in Lucky Strike Entertainment in the 2nd quarter valued at $123,000. 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.