Lucky Strike Entertainment (NYSE:LUCK) Director Buys $59,933.50 in Stock

Lucky Strike Entertainment (NYSE:LUCK) Director Sandeep Mathrani purchased 9,350 shares of Lucky Strike Entertainment stock in a transaction on Friday, August 28th. The stock was acquired at an average cost of $6.41 per share, for a total transaction of $59,933.50. Following the acquisition, the director directly owned 9,350 shares of the company’s stock, valued at approximately $59,933.50. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Lucky Strike Entertainment Price Performance

LUCK stock opened at $6.19 on Friday. The company’s 50 day simple moving average is $6.97 and its 200-day simple moving average is $7.78. Lucky Strike Entertainment has a 12 month low of $5.52 and a 12 month high of $10.82. The firm has a market capitalization of $845.68 million, a PE ratio of -18.21 and a beta of 0.62.

Lucky Strike Entertainment (NYSE:LUCK) last issued its quarterly earnings data on Thursday, August 27th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.15). The company had revenue of $303.95 million during the quarter, compared to analysts’ expectations of $311.30 million. As a group, sell-side analysts anticipate that Lucky Strike Entertainment will post -0.02 earnings per share for the current year.

Lucky Strike Entertainment Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 22nd. Stockholders of record on Tuesday, September 8th will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend is Tuesday, September 8th. Lucky Strike Entertainment’s payout ratio is -70.59%.

Institutional Investors Weigh In On Lucky Strike Entertainment

Several hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC acquired a new position in Lucky Strike Entertainment in the second quarter valued at $2,661,000. XTX Topco Ltd acquired a new stake in Lucky Strike Entertainment in the 2nd quarter worth about $123,000. Invesco Ltd. purchased a new stake in Lucky Strike Entertainment in the 2nd quarter valued at about $114,000. Jane Street Group LLC purchased a new stake in Lucky Strike Entertainment in the 2nd quarter valued at about $1,117,000. Finally, Bank of America Corp DE acquired a new position in shares of Lucky Strike Entertainment during the 2nd quarter valued at about $94,000. Institutional investors and hedge funds own 68.11% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on LUCK shares. UBS Group lowered Lucky Strike Entertainment to a “hold” rating and set a $6.50 price objective on the stock. in a research note on Thursday, May 7th. Truist Financial set a $10.00 target price on shares of Lucky Strike Entertainment in a research note on Thursday, August 27th. Citigroup began coverage on shares of Lucky Strike Entertainment in a report on Monday, June 29th. They issued a “market perform” rating on the stock. Craig Hallum downgraded shares of Lucky Strike Entertainment from a “buy” rating to a “hold” rating and set a $6.50 price target for the company. in a report on Thursday, May 7th. Finally, Zacks Research lowered shares of Lucky Strike Entertainment from a “hold” rating to a “strong sell” rating in a research report on Monday. Four research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, Lucky Strike Entertainment has a consensus rating of “Hold” and an average target price of $8.39.

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.