Lucky Strike Entertainment (NYSE:LUCK) Director Acquires 30,000 Shares

Lucky Strike Entertainment (NYSE:LUCK) Director Richard Meynard Born acquired 30,000 shares of the stock in a transaction that occurred on Friday, November 28th. The stock was purchased at an average price of $8.09 per share, for a total transaction of $242,700.00. Following the completion of the acquisition, the director owned 30,000 shares in the company, valued at $242,700. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Lucky Strike Entertainment Stock Up 0.4%

Shares of Lucky Strike Entertainment stock traded up $0.03 during mid-day trading on Tuesday, reaching $8.17. 286,556 shares of the stock traded hands, compared to its average volume of 334,157. The stock has a market capitalization of $1.14 billion, a PE ratio of -21.50 and a beta of 0.72. The business has a 50-day moving average of $8.73 and a 200 day moving average of $9.38. Lucky Strike Entertainment has a fifty-two week low of $6.96 and a fifty-two week high of $13.25.

Lucky Strike Entertainment (NYSE:LUCK) last issued its quarterly earnings results on Wednesday, May 17th. The company reported $0.27 earnings per share (EPS) for the quarter. Lucky Strike Entertainment had a negative return on equity of 23.31% and a negative net margin of 3.80%.The firm had revenue of $257.82 million for the quarter. On average, equities research analysts expect that Lucky Strike Entertainment will post 0.43 EPS for the current fiscal year.

Analysts Set New Price Targets

LUCK has been the subject of a number of research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lucky Strike Entertainment in a report on Monday. Wall Street Zen raised shares of Lucky Strike Entertainment from a “sell” rating to a “hold” rating in a research note on Sunday, November 16th. Roth Capital reiterated a “neutral” rating and issued a $11.00 price objective on shares of Lucky Strike Entertainment in a report on Friday, August 29th. Stifel Nicolaus raised their target price on shares of Lucky Strike Entertainment from $12.00 to $13.00 and gave the stock a “buy” rating in a research note on Friday, August 29th. Finally, Piper Sandler dropped their price target on Lucky Strike Entertainment from $10.00 to $9.00 and set a “neutral” rating for the company in a research report on Monday, November 10th. Three research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Lucky Strike Entertainment presently has a consensus rating of “Hold” and a consensus price target of $11.67.

Institutional Investors Weigh In On Lucky Strike Entertainment

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Millennium Management LLC boosted its holdings in Lucky Strike Entertainment by 291.5% in the 3rd quarter. Millennium Management LLC now owns 412,218 shares of the company’s stock valued at $4,221,000 after purchasing an additional 306,931 shares during the last quarter. Jain Global LLC acquired a new stake in shares of Lucky Strike Entertainment during the 3rd quarter worth approximately $121,000. UBS Group AG raised its position 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 valued at $1,767,000 after buying an additional 54,919 shares during the period. FourThought Financial Partners LLC acquired a new position in Lucky Strike Entertainment in the third quarter valued at approximately $261,000. Finally, R Squared Ltd acquired a new position in Lucky Strike Entertainment in the third quarter valued at approximately $123,000. 68.11% of the stock is currently owned by institutional investors and hedge funds.

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.