Lucky Strike Entertainment (NYSE:LUCK) Director John Alan Young Buys 7,543 Shares of Company Stock

Lucky Strike Entertainment (NYSE:LUCK) Director John Young acquired 7,543 shares of the firm’s stock in a transaction on Friday, November 6th. The shares were purchased at an average cost of $3.86 per share, for a total transaction of $29,115.98. Following the completion of the purchase, the director directly owned 97,261 shares of the company’s stock, valued at approximately $375,427.46. The trade was a 8.41% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

John Alan Young also recently made the following trade(s):

• On Monday, November 9th, John Young acquired 7,453 shares of Lucky Strike Entertainment stock. The shares were purchased at an average cost of $3.74 per share, with a total value of $27,874.22.
• On Tuesday, September 1st, John Young acquired 1,000 shares of Lucky Strike Entertainment stock. The shares were purchased at an average cost of $614.00 per share, with a total value of $614,000.00.
• On Monday, August 31st, John Young bought 400 shares of Lucky Strike Entertainment stock. The stock was purchased at an average price of $6.25 per share, with a total value of $2,500.00.
• On Friday, August 28th, John Young bought 2,800 shares of Lucky Strike Entertainment stock. The stock was purchased at an average price of $6.23 per share, with a total value of $17,444.00.

Lucky Strike Entertainment Price Performance

Shares of LUCK opened at $3.77 on Tuesday. The company has a market capitalization of $513.83 million, a P/E ratio of -8.76 and a beta of 0.71. Lucky Strike Entertainment has a one year low of $3.57 and a one year high of $9.59. The business’s 50 day simple moving average is $5.07 and its 200-day simple moving average is $7.12.

Lucky Strike Entertainment (NYSE:LUCK) last released its quarterly earnings results on Thursday, November 5th. The company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.10). The company had revenue of $302.64 million during the quarter, compared to analysts’ expectations of $297.79 million. On average, sell-side analysts anticipate that Lucky Strike Entertainment will post -0.02 EPS for the current fiscal year.

Lucky Strike Entertainment Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 22nd. Shareholders 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 6.4%. Lucky Strike Entertainment’s payout ratio is currently -55.81%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of LUCK. Rice Hall James & Associates LLC increased its stake 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 buying an additional 166,104 shares during the period. Great Lakes Advisors LLC bought a new stake in shares of Lucky Strike Entertainment during the second quarter worth $1,361,000. Finally, Squarepoint Ops LLC lifted its stake in shares of Lucky Strike Entertainment by 69.8% during the second quarter. Squarepoint Ops LLC now owns 22,158 shares of the company’s stock valued at $166,000 after acquiring an additional 9,112 shares during the period. Institutional investors and hedge funds own 68.11% of the company’s stock.

Wall Street Analyst Weigh In

LUCK has been the subject of a number of research reports. Weiss Ratings restated a “sell (d)” rating on shares of Lucky Strike Entertainment in a research note on Thursday, October 29th. Stifel Nicolaus reduced their price target on shares of Lucky Strike Entertainment from $9.00 to $8.00 and set a “buy” rating on the stock in a research report on Friday, August 28th. Zacks Research raised shares of Lucky Strike Entertainment from a “strong sell” rating to a “hold” rating in a report on Monday, October 26th. Jefferies Financial Group set a $10.00 price objective on shares of Lucky Strike Entertainment in a report on Thursday, August 27th. Finally, Truist Financial lowered their price objective on shares of 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. Four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $8.06.

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.