Analysts Set Lucky Strike Entertainment (NYSE:LUCK) Target Price at $8.69

Lucky Strike Entertainment (NYSE:LUCK) has earned a consensus rating of “Hold” from the twelve ratings firms that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $8.6875.

Several equities analysts have issued reports on LUCK shares. Jefferies Financial Group set a $12.00 target price on Lucky Strike Entertainment in a research report on Wednesday, May 6th. Craig Hallum downgraded Lucky Strike Entertainment from a “buy” rating to a “hold” rating and set a $6.50 price target on the stock. in a research note on Thursday, May 7th. UBS Group lowered Lucky Strike Entertainment to a “hold” rating and set a $6.50 price objective on the stock. in a report on Thursday, May 7th. Citizens Jmp started coverage on Lucky Strike Entertainment in a report on Monday, June 29th. They issued a “market perform” rating for the company. Finally, Stifel Nicolaus set a $9.00 price target on shares of Lucky Strike Entertainment in a research note on Thursday, May 7th.

Lucky Strike Entertainment Price Performance

Shares of NYSE LUCK opened at $7.29 on Monday. The stock has a fifty day moving average price of $8.03 and a 200 day moving average price of $8.23. Lucky Strike Entertainment has a 1-year low of $5.70 and a 1-year high of $11.61. The company has a market cap of $996.37 million, a PE ratio of -11.76 and a beta of 0.61.

Lucky Strike Entertainment (NYSE:LUCK) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.07). The business had revenue of $342.23 million for the quarter, compared to the consensus estimate of $353.77 million. Analysts anticipate 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 disclosed a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 22nd were given a $0.06 dividend. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $0.24 dividend on an annualized basis and a dividend yield of 3.3%. Lucky Strike Entertainment’s payout ratio is currently -38.71%.

Insiders Place Their Bets

In other Lucky Strike Entertainment news, insider Lev Ekster sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $8.47, for a total value of $25,410.00. Following the sale, the insider directly owned 64,296 shares of the company’s stock, valued at approximately $544,587.12. This trade represents a 4.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 84.20% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of LUCK. Private Management Group Inc. grew its holdings 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 purchasing an additional 48,093 shares during the period. Rice Hall James & Associates LLC boosted its holdings in shares of Lucky Strike Entertainment by 52.7% in the 1st quarter. Rice Hall James & Associates LLC now owns 481,189 shares of the company’s stock valued at $4,003,000 after purchasing an additional 166,104 shares during the last quarter. Millennium Management LLC grew its stake in shares of Lucky Strike Entertainment by 291.5% during the 3rd quarter. Millennium Management LLC now owns 412,218 shares of the company’s stock valued at $4,221,000 after buying an additional 306,931 shares during the period. Geode Capital Management LLC purchased a new stake in shares of Lucky Strike Entertainment during the 2nd quarter valued at $2,661,000. Finally, UBS Group AG increased its holdings in shares of Lucky Strike Entertainment by 46.7% during the 3rd 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 during the last quarter. 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.