Lucky Strike Entertainment (NYSE:LUCK) Releases Earnings Results

Lucky Strike Entertainment (NYSE:LUCK) announced its quarterly earnings data on Thursday. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.10), FiscalAI reports. The business had revenue of $302.64 million during the quarter, compared to the consensus estimate of $297.79 million.

Lucky Strike Entertainment Stock Performance

NYSE LUCK traded down $0.53 during trading on Thursday, hitting $3.89. The stock had a trading volume of 199,983 shares, compared to its average volume of 74,414. The company’s 50-day moving average price is $5.17 and its two-hundred day moving average price is $7.18. Lucky Strike Entertainment has a 12 month low of $3.57 and a 12 month high of $9.59. The company has a market capitalization of $530.87 million, a PE ratio of -11.45 and a beta of 0.71.

Lucky Strike Entertainment Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 22nd. Investors of record on Tuesday, September 8th were paid a $0.06 dividend. The ex-dividend date of this dividend was Tuesday, September 8th. This represents a $0.24 dividend on an annualized basis and a yield of 6.2%. Lucky Strike Entertainment’s dividend payout ratio is presently -70.59%.

Wall Street Analyst Weigh In

Several research analysts recently commented on LUCK shares. Truist Financial reduced their target price on Lucky Strike Entertainment from $9.00 to $8.00 and set a “buy” rating for the company in a research report on Friday, October 23rd. Weiss Ratings restated a “sell (d)” rating on shares of Lucky Strike Entertainment in a research note on Thursday, October 29th. Jefferies Financial Group set a $10.00 price objective on shares of Lucky Strike Entertainment in a report on Thursday, August 27th. Zacks Research raised shares of Lucky Strike Entertainment from a “strong sell” rating to a “hold” rating in a research note on Monday, October 26th. Finally, Roth Capital set a $6.50 price target on shares of Lucky Strike Entertainment in a research note on Friday, August 28th. Four research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Lucky Strike Entertainment presently has a consensus rating of “Hold” and an average target price of $8.17.

Lucky Strike Entertainment News Roundup

Here are the key news stories impacting Lucky Strike Entertainment this week:

• Positive Sentiment: First-quarter revenue was $302.64 million, ahead of analysts’ $297.79 million estimate. Lucky Strike first-quarter earnings results
• Neutral Sentiment: Lucky Strike forecast approximately $1.3 billion in FY2027 revenue, matching the consensus estimate; the outlook provided no clear upside surprise. Lucky Strike fiscal 2027 first-quarter results
• Negative Sentiment: The company posted a $0.21-per-share loss, wider than the expected $0.11 loss and the $0.12 loss a year earlier. This earnings shortfall likely weighed on sentiment despite the revenue beat. Lucky Strike reports first-quarter loss
• Negative Sentiment: Lucky Strike suspended its dividend, removing an income feature for shareholders and adding to concerns reflected in the market reaction. Lucky Strike after dividend suspension

Insider Activity

In other news, CEO Thomas Shannon bought 30,000 shares of the company’s stock in a transaction dated Wednesday, September 9th. The shares were bought at an average cost of $5.86 per share, with a total value of $175,800.00. Following the acquisition, the chief executive officer owned 3,144,000 shares in the company, valued at $18,423,840. This trade represents a 0.96% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Sandeep Mathrani acquired 9,350 shares of the firm’s stock in a transaction on Friday, August 28th. The stock was bought at an average price of $6.41 per share, for a total transaction of $59,933.50. Following the completion of the acquisition, the director owned 9,350 shares of the company’s stock, valued at approximately $59,933.50. The trade was a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought a total of 43,537 shares of company stock worth $261,064 over the last 90 days. 84.20% of the stock is owned by company insiders.

About Lucky Strike Entertainment

Lucky Strike Entertainment Corp. is an operator of location-based entertainment venues centered on bowling. The company provides recreational and social experiences through bowling lanes, arcade games, food and beverage offerings, and spaces for parties, corporate events and other group gatherings.

The company operates venues under brands that include Lucky Strike, Bowlero and AMF, serving customers across the United States and Canada. Its locations range from upscale entertainment venues to traditional bowling centers, with offerings designed for families, casual visitors, league bowlers and private-event guests.

Lucky Strike Entertainment was previously known as Bowlero Corp.