Lucky Strike Entertainment (NYSE:LUCK) Given Average Rating of “Hold” by Brokerages

Lucky Strike Entertainment (NYSE:LUCK) has received a consensus rating of “Hold” from the nine brokerages that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $11.6429.

A number of research firms have recently weighed in on LUCK. Roth Mkm reissued a “neutral” rating and issued a $7.50 price target on shares of Lucky Strike Entertainment in a research note on Thursday, February 5th. Jefferies Financial Group reiterated a “buy” rating and issued a $18.00 price objective on shares of Lucky Strike Entertainment in a report on Monday, December 15th. Piper Sandler cut their target price on Lucky Strike Entertainment from $10.00 to $9.00 and set a “neutral” rating on the stock in a research note on Monday, November 10th. Weiss Ratings restated a “sell (d-)” rating on shares of Lucky Strike Entertainment in a research report on Monday, December 29th. Finally, Canaccord Genuity Group set a $13.00 price target on Lucky Strike Entertainment in a research note on Thursday, February 5th.

Insider Activity at Lucky Strike Entertainment

In other news, Director John Alan Young bought 6,000 shares of the business’s stock in a transaction on Friday, February 6th. The shares were bought at an average cost of $6.50 per share, for a total transaction of $39,000.00. Following the completion of the acquisition, the director owned 85,518 shares in the company, valued at approximately $555,867. This trade represents a 7.55% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard Meynard Born purchased 30,000 shares of Lucky Strike Entertainment stock in a transaction dated Friday, November 28th. The shares were purchased at an average cost of $8.09 per share, for a total transaction of $242,700.00. Following the completion of the transaction, the director owned 30,000 shares of the company’s stock, valued at approximately $242,700. This represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired 36,801 shares of company stock valued at $288,504 in the last ninety days. Insiders own 84.20% of the company’s stock.

Institutional Investors Weigh In On Lucky Strike Entertainment

Several large investors have recently modified their holdings of the business. Private Management Group Inc. raised its position in shares of Lucky Strike Entertainment by 2.6% during the fourth quarter. Private Management Group Inc. now owns 1,911,134 shares of the company’s stock worth $16,187,000 after purchasing an additional 48,093 shares during the period. State of Wyoming bought a new stake in Lucky Strike Entertainment during the 4th quarter worth approximately $74,000. Millennium Management LLC raised its holdings in Lucky Strike Entertainment by 291.5% during the 3rd quarter. Millennium Management LLC now owns 412,218 shares of the company’s stock worth $4,221,000 after buying an additional 306,931 shares during the period. Jain Global LLC bought a new position in Lucky Strike Entertainment in the third quarter valued at approximately $121,000. Finally, UBS Group AG lifted its stake in Lucky Strike Entertainment by 46.7% in the third 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 in the last quarter. 68.11% of the stock is currently owned by institutional investors.

Lucky Strike Entertainment Trading Up 1.7%

Lucky Strike Entertainment stock opened at $7.58 on Friday. The company has a market cap of $1.06 billion, a PE ratio of -11.66 and a beta of 0.71. Lucky Strike Entertainment has a 1 year low of $5.70 and a 1 year high of $13.25. The company’s 50-day moving average is $8.54 and its two-hundred day moving average is $9.03.

Lucky Strike Entertainment (NYSE:LUCK) last posted its quarterly earnings results on Wednesday, February 4th. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.14). The company had revenue of $306.86 million for the quarter, compared to analyst estimates of $313.83 million. Research analysts forecast that Lucky Strike Entertainment will post 0.43 EPS for the current year.

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.