Rice Hall James & Associates LLC Has $4 Million Position in Lucky Strike Entertainment $LUCK

Rice Hall James & Associates LLC lifted its position in shares of Lucky Strike Entertainment (NYSE:LUCK) by 52.7% in the first quarter, HoldingsChannel.com reports. The fund owned 481,189 shares of the company’s stock after buying an additional 166,104 shares during the period. Rice Hall James & Associates LLC’s holdings in Lucky Strike Entertainment were worth $4,003,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Private Management Group Inc. increased its stake in Lucky Strike Entertainment by 2.6% in the fourth quarter. Private Management Group Inc. now owns 1,911,134 shares of the company’s stock valued at $16,187,000 after acquiring an additional 48,093 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of Lucky Strike Entertainment by 291.5% in the 3rd quarter. Millennium Management LLC now owns 412,218 shares of the company’s stock valued at $4,221,000 after purchasing an additional 306,931 shares in the last quarter. Geode Capital Management LLC acquired a new stake in shares of Lucky Strike Entertainment in the 2nd quarter valued at $2,661,000. UBS Group AG increased its stake in shares of Lucky Strike Entertainment by 46.7% in the 3rd quarter. UBS Group AG now owns 172,518 shares of the company’s stock valued at $1,767,000 after purchasing an additional 54,919 shares during the last quarter. Finally, Jane Street Group LLC bought a new position in shares of Lucky Strike Entertainment in the 2nd quarter valued at $1,117,000. Institutional investors and hedge funds own 68.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on LUCK shares. Jefferies Financial Group set a $12.00 price objective on Lucky Strike Entertainment in a research report on Wednesday, May 6th. Wall Street Zen upgraded Lucky Strike Entertainment from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 20th. JPMorgan Chase & Co. downgraded Lucky Strike Entertainment from a “neutral” rating to an “underweight” rating and lowered their target price for the stock from $8.00 to $6.00 in a research note on Thursday, April 23rd. UBS Group cut shares of Lucky Strike Entertainment to a “hold” rating and set a $6.50 target price for the company. in a report on Thursday, May 7th. Finally, Truist Financial reduced their price target on shares of Lucky Strike Entertainment from $10.00 to $9.00 and set a “buy” rating on the stock in a research note on Monday, July 20th. Four investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $8.72.

Lucky Strike Entertainment Stock Down 0.2%

NYSE LUCK opened at $6.86 on Friday. Lucky Strike Entertainment has a twelve month low of $5.70 and a twelve month high of $11.19. The company has a market cap of $936.53 million, a price-to-earnings ratio of -11.06 and a beta of 0.62. The business’s fifty day moving average is $7.89 and its 200 day moving average is $8.12.

Lucky Strike Entertainment (NYSE:LUCK) last issued its earnings results on Wednesday, May 6th. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.07). The business had revenue of $342.23 million during the quarter, compared to analyst estimates of $353.77 million. On average, research analysts anticipate that Lucky Strike Entertainment will post -0.2 earnings per share for the current fiscal year.

Lucky Strike Entertainment Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 22nd were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 3.5%. The ex-dividend date was Friday, May 22nd. Lucky Strike Entertainment’s payout ratio is -38.71%.

Lucky Strike Entertainment 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.