Lucky Strike Entertainment (NYSE:LUCK) Receives Consensus Rating of “Hold” from Brokerages

Lucky Strike Entertainment (NYSE:LUCK) has been assigned a consensus rating of “Hold” from the ten brokerages that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $8.6875.

Several research firms have commented on LUCK. Stifel Nicolaus set a $9.00 target price on Lucky Strike Entertainment in a research report on Thursday, May 7th. UBS Group cut Lucky Strike Entertainment to a “hold” rating and set a $6.50 price target for the company. in a research note on Thursday, May 7th. Jefferies Financial Group set a $12.00 price target on Lucky Strike Entertainment in a research note on Wednesday, May 6th. JPMorgan Chase & Co. cut Lucky Strike Entertainment from a “neutral” rating to an “underweight” rating and decreased their price target for the company from $8.00 to $6.00 in a research note on Thursday, April 23rd. Finally, 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 research note on Thursday, May 7th.

Lucky Strike Entertainment Trading Up 2.1%

Lucky Strike Entertainment stock opened at $8.10 on Thursday. The company has a market capitalization of $1.11 billion, a PE ratio of -13.06 and a beta of 0.60. Lucky Strike Entertainment has a 12 month low of $5.70 and a 12 month high of $11.61. The stock has a 50-day moving average price of $8.24 and a two-hundred day moving average price of $8.35.

Lucky Strike Entertainment (NYSE:LUCK) last posted its 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 business had revenue of $342.23 million during the quarter, compared to analysts’ expectations of $353.77 million. As a group, analysts predict that Lucky Strike Entertainment will post -0.2 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 Friday, June 5th. Investors of record on Friday, May 22nd were paid a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $0.24 annualized dividend and a yield of 3.0%. Lucky Strike Entertainment’s dividend payout ratio (DPR) is currently -38.71%.

Insider Buying and Selling

In related news, insider Lev Ekster sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $8.47, for a total transaction of $25,410.00. Following the completion of the sale, the insider owned 64,296 shares of the company’s stock, valued at $544,587.12. This trade represents a 4.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 84.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Lucky Strike Entertainment

Large investors have recently added to or reduced their stakes in the business. State of Wyoming acquired a new stake in Lucky Strike Entertainment during the fourth quarter worth approximately $74,000. Bank of America Corp DE acquired a new stake in Lucky Strike Entertainment during the second quarter worth approximately $94,000. Invesco Ltd. acquired a new stake in Lucky Strike Entertainment during the second quarter worth approximately $114,000. Jain Global LLC bought a new position in Lucky Strike Entertainment in the third quarter worth approximately $121,000. Finally, R Squared Ltd bought a new position in Lucky Strike Entertainment in the third quarter worth approximately $123,000. Institutional investors and hedge funds 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.