Lucky Strike Entertainment (LUCK) – What Are Brokerages Thinking About This Stock?

Lucky Strike Entertainment (NYSE:LUCK) has earned an average recommendation of “Hold” from the twelve ratings firms that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $8.06.

LUCK has been the subject of several analyst reports. Roth Capital set a $6.50 price target on shares of Lucky Strike Entertainment in a report on Friday, August 28th. Jefferies Financial Group set a $10.00 price target on Lucky Strike Entertainment in a research note on Thursday, August 27th. Weiss Ratings reiterated a “sell (d)” rating on shares of Lucky Strike Entertainment in a research note on Thursday, October 29th. Truist Financial cut their target price 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, October 23rd. Finally, Zacks Research upgraded shares of Lucky Strike Entertainment from a “strong sell” rating to a “hold” rating in a report on Monday, October 26th.

Lucky Strike Entertainment Stock Up 11.1%

Shares of Lucky Strike Entertainment stock traded up $0.34 during mid-day trading on Friday, hitting $3.46. The stock had a trading volume of 293,658 shares, compared to its average volume of 116,826. The firm has a 50-day moving average of $4.84 and a two-hundred day moving average of $7.02. Lucky Strike Entertainment has a 12-month low of $2.93 and a 12-month high of $9.59. The firm has a market cap of $472.38 million, a P/E ratio of -8.06 and a beta of 0.71.

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 the consensus estimate of ($0.11) by ($0.10). The business had revenue of $302.64 million during the quarter, compared to the consensus estimate of $297.79 million. Sell-side analysts expect that Lucky Strike Entertainment will post -0.14 earnings per share for the current year.

Lucky Strike Entertainment Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 22nd. Stockholders of record on Tuesday, September 8th were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date was Tuesday, September 8th. Lucky Strike Entertainment’s payout ratio is -55.81%.

Insiders Place Their Bets

In related news, Director John Young bought 8,049 shares of the business’s stock in a transaction dated Wednesday, November 11th. The shares were purchased at an average cost of $3.39 per share, with a total value of $27,286.11. Following the completion of the purchase, the director owned 113,863 shares in the company, valued at approximately $385,995.57. The trade was a 7.61% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Thomas Shannon bought 30,000 shares of the stock in a transaction that occurred on Wednesday, September 9th. The shares were bought at an average price of $5.86 per share, for a total transaction of $175,800.00. Following the completion of the transaction, the chief executive officer directly owned 3,144,000 shares of the company’s stock, valued at $18,423,840. This represents a 0.96% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders acquired 70,282 shares of company stock worth $357,059. 61.38% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Great Lakes Advisors LLC acquired a new position in shares of Lucky Strike Entertainment in the second quarter worth about $1,361,000. Rice Hall James & Associates LLC raised its holdings in Lucky Strike Entertainment by 52.7% during the 1st 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 during the period. Finally, Squarepoint Ops LLC grew its stake in Lucky Strike Entertainment by 69.8% in the second quarter. Squarepoint Ops LLC now owns 22,158 shares of the company’s stock valued at $166,000 after purchasing an additional 9,112 shares in the last quarter. 68.11% of the stock is currently owned by institutional investors and hedge funds.

Lucky Strike Entertainment Company Profile

Lucky Strike Entertainment operates bowling and entertainment venues across the United States and Canada. Its locations offer bowling alongside attractions such as arcade games and laser tag, as well as food and beverage services. The company serves both individual customers and groups, hosting birthday parties, corporate events and bowling leagues. Its venues operate under brands including Lucky Strike, Bowlero and AMF. Previously known as Bowlero Corp., the company adopted the Lucky Strike Entertainment name in 2024.