Lucky Strike Entertainment (NYSE:LUCK) Director Purchases $29,115.98 in Stock

Lucky Strike Entertainment (NYSE:LUCK) Director John Young acquired 7,543 shares of Lucky Strike Entertainment stock in a transaction that occurred on Friday, November 6th. The stock was purchased at an average cost of $3.86 per share, for a total transaction of $29,115.98. Following the completion of the transaction, the director directly owned 97,261 shares in the company, valued at $375,427.46. This trade represents a 8.41% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

John Alan Young also recently made the following trade(s):

• On Monday, November 9th, John Young acquired 7,453 shares of Lucky Strike Entertainment stock. The stock was purchased at an average cost of $3.74 per share, with a total value of $27,874.22.
• On Tuesday, September 1st, John Young bought 1,000 shares of Lucky Strike Entertainment stock. The shares were acquired at an average price of $614.00 per share, with a total value of $614,000.00.
• On Monday, August 31st, John Young bought 400 shares of Lucky Strike Entertainment stock. The shares were acquired at an average price of $6.25 per share, with a total value of $2,500.00.
• On Friday, August 28th, John Young bought 2,800 shares of Lucky Strike Entertainment stock. The shares were acquired at an average cost of $6.23 per share, for a total transaction of $17,444.00.

Lucky Strike Entertainment Stock Performance

LUCK opened at $3.23 on Thursday. The stock’s 50 day moving average price is $4.95 and its 200-day moving average price is $7.07. Lucky Strike Entertainment has a one year low of $3.20 and a one year high of $9.59. The stock has a market cap of $440.34 million, a price-to-earnings ratio of -7.51 and a beta of 0.71.

Lucky Strike Entertainment (NYSE:LUCK) last issued its quarterly earnings results on Thursday, November 5th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.10). The company had revenue of $302.64 million during the quarter, compared to analysts’ expectations of $297.79 million. As a group, analysts predict that Lucky Strike Entertainment will post -0.14 earnings per share for the current fiscal year.

Lucky Strike Entertainment Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 22nd. Shareholders of record on Tuesday, September 8th were paid a $0.06 dividend. The ex-dividend date was Tuesday, September 8th. This represents a $0.24 dividend on an annualized basis and a yield of 7.4%. Lucky Strike Entertainment’s dividend payout ratio (DPR) is presently -55.81%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Jefferies Financial Group set a $10.00 target price on Lucky Strike Entertainment in a research report on Thursday, August 27th. Stifel Nicolaus cut their price target on shares of Lucky Strike Entertainment from $9.00 to $8.00 and set a “buy” rating on the stock in a report on Friday, August 28th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Lucky Strike Entertainment in a research note on Thursday, October 29th. Roth Capital set a $6.50 price objective on shares of Lucky Strike Entertainment in a report on Friday, August 28th. Finally, Truist Financial decreased their price objective on shares of Lucky Strike Entertainment from $9.00 to $8.00 and set a “buy” rating for the company in a report on Friday, October 23rd. Four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Lucky Strike Entertainment presently has an average rating of “Hold” and a consensus price target of $8.06.

Institutional Investors Weigh In On Lucky Strike Entertainment

Several hedge funds have recently modified their holdings of LUCK. Squarepoint Ops LLC boosted its stake in shares of Lucky Strike Entertainment by 69.8% during the second quarter. Squarepoint Ops LLC now owns 22,158 shares of the company’s stock valued at $166,000 after purchasing an additional 9,112 shares in the last quarter. Great Lakes Advisors LLC bought a new position in Lucky Strike Entertainment in the second quarter worth approximately $1,361,000. Finally, Rice Hall James & Associates LLC raised its stake in Lucky Strike Entertainment by 52.7% in the first quarter. Rice Hall James & Associates LLC now owns 481,189 shares of the company’s stock worth $4,003,000 after buying an additional 166,104 shares in the last quarter. Hedge funds and other institutional investors own 68.11% of the company’s stock.

About Lucky Strike Entertainment

Lucky Strike Entertainment operates bowling and entertainment venues across the United States and Canada. Its locations offer bowling alongside attractions such as arcade games and laser tag, as well as food and beverage services. The company serves both individual customers and groups, hosting birthday parties, corporate events and bowling leagues. Its venues operate under brands including Lucky Strike, Bowlero and AMF. Previously known as Bowlero Corp., the company adopted the Lucky Strike Entertainment name in 2024.