Lucky Strike Entertainment (NYSE:LUCK) Trading Up 10.7% – Still a Buy?

Lucky Strike Entertainment (NYSE:LUCK)’s stock price traded up 10.7% on Monday . The stock traded as high as $8.47 and last traded at $8.4450. 21,233 shares were traded during mid-day trading, a decline of 86% from the average session volume of 148,659 shares. The stock had previously closed at $7.63.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Craig Hallum cut shares of Lucky Strike Entertainment from a “buy” rating to a “hold” rating and set a $6.50 target price on the stock. in a report on Thursday, May 7th. Stifel Nicolaus set a $9.00 price objective on shares of Lucky Strike Entertainment in a research report on Thursday, May 7th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Lucky Strike Entertainment in a research report on Monday, May 4th. Jefferies Financial Group set a $12.00 price objective on shares of Lucky Strike Entertainment in a research report on Wednesday, May 6th. Finally, UBS Group cut shares of Lucky Strike Entertainment to a “hold” rating and set a $6.50 price objective for the company. in a research report on Thursday, May 7th. Three investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Lucky Strike Entertainment presently has an average rating of “Hold” and a consensus target price of $8.69.

Lucky Strike Entertainment Price Performance

The firm has a 50 day moving average of $8.23 and a two-hundred day moving average of $8.29. The stock has a market cap of $1.12 billion, a PE ratio of -13.19 and a beta of 0.60.

Lucky Strike Entertainment (NYSE:LUCK) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.07). The company had revenue of $342.23 million for the quarter, compared to analysts’ expectations of $353.77 million. As a group, equities analysts anticipate that Lucky Strike Entertainment will post -0.15 EPS for the current fiscal year.

Lucky Strike Entertainment Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 22nd were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 2.9%. The ex-dividend date was Friday, May 22nd. Lucky Strike Entertainment’s dividend payout ratio is currently -38.71%.

Insider Transactions at Lucky Strike Entertainment

In other Lucky Strike Entertainment news, insider Lev Ekster sold 3,000 shares of the stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $8.47, for a total value of $25,410.00. Following the completion of the transaction, the insider owned 64,296 shares in the company, valued at approximately $544,587.12. This represents a 4.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 84.20% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of LUCK. State of Wyoming purchased a new position in Lucky Strike Entertainment in the fourth quarter worth $74,000. Bank of America Corp DE purchased a new position in Lucky Strike Entertainment in the second quarter worth $94,000. Invesco Ltd. purchased a new position in Lucky Strike Entertainment in the second quarter worth $114,000. Jain Global LLC purchased a new position in Lucky Strike Entertainment in the third quarter worth $121,000. Finally, R Squared Ltd purchased a new position in Lucky Strike Entertainment in the third quarter worth $123,000. Hedge funds and other institutional investors own 68.11% of the company’s stock.

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. Shannon in 1997 and is headquartered in Mechanicsville, VA.