Lucky Strike Entertainment (NYSE:LUCK) Receives $8.69 Consensus PT from Brokerages

Lucky Strike Entertainment (NYSE:LUCK) has earned an average rating of “Hold” from the ten brokerages that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $8.6875.

LUCK has been the subject of several research reports. Stifel Nicolaus set a $9.00 price objective on Lucky Strike Entertainment in a report on Thursday, May 7th. UBS Group lowered Lucky Strike Entertainment to a “hold” rating and set a $6.50 price objective for the company. in a report on Thursday, May 7th. Jefferies Financial Group set a $12.00 price objective on Lucky Strike Entertainment in a report on Wednesday, May 6th. Weiss Ratings restated a “sell (d)” rating on shares of Lucky Strike Entertainment in a research report on Monday, May 4th. Finally, Craig Hallum downgraded Lucky Strike Entertainment from a “buy” rating to a “hold” rating and set a $6.50 target price on the stock. in a research report on Thursday, May 7th.

Insider Activity

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 transaction of $25,410.00. Following the sale, the insider owned 64,296 shares in the company, valued at $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 is available at this link. 84.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Lucky Strike Entertainment

Several institutional investors have recently made changes to their positions in the stock. Private Management Group Inc. lifted its position in shares of Lucky Strike Entertainment by 2.6% during the fourth quarter. Private Management Group Inc. now owns 1,911,134 shares of the company’s stock worth $16,187,000 after acquiring an additional 48,093 shares in the last quarter. Rice Hall James & Associates LLC raised its position in shares of 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. Millennium Management LLC raised its position in shares of Lucky Strike Entertainment by 291.5% in the third quarter. Millennium Management LLC now owns 412,218 shares of the company’s stock worth $4,221,000 after buying an additional 306,931 shares in the last quarter. Geode Capital Management LLC purchased a new stake in shares of Lucky Strike Entertainment in the second quarter worth $2,661,000. Finally, UBS Group AG raised its position in shares of Lucky Strike Entertainment by 46.7% in the third quarter. UBS Group AG now owns 172,518 shares of the company’s stock worth $1,767,000 after buying an additional 54,919 shares in the last quarter. Hedge funds and other institutional investors own 68.11% of the company’s stock.

Lucky Strike Entertainment Trading Down 2.9%

Shares of NYSE LUCK opened at $8.51 on Thursday. The stock has a fifty day simple moving average of $8.26 and a two-hundred day simple moving average of $8.35. Lucky Strike Entertainment has a 1-year low of $5.70 and a 1-year high of $11.61. The firm has a market cap of $1.16 billion, a price-to-earnings ratio of -13.72 and a beta of 0.60.

Lucky Strike Entertainment (NYSE:LUCK) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.10 earnings per share 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 analyst estimates of $353.77 million. Analysts forecast that Lucky Strike Entertainment will post -0.2 EPS for the current year.

Lucky Strike Entertainment Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 22nd were given a dividend of $0.06 per share. The ex-dividend date was Friday, May 22nd. This represents a $0.24 annualized dividend and a dividend yield of 2.8%. Lucky Strike Entertainment’s dividend payout ratio is currently -38.71%.

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.