Lucky Strike Entertainment (NYSE:LUCK) Receives Average Rating of “Hold” from Analysts

Shares of Lucky Strike Entertainment (NYSE:LUCK) have been assigned an average rating of “Hold” from the thirteen analysts that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $8.7222.

LUCK has been the subject of several recent research reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Lucky Strike Entertainment in a research report on Friday, July 31st. Jefferies Financial Group set a $12.00 target price on Lucky Strike Entertainment in a research report on Wednesday, May 6th. UBS Group cut Lucky Strike Entertainment to a “hold” rating and set a $6.50 target price on the stock. in a research note on Thursday, May 7th. Stifel Nicolaus set a $9.00 price target on Lucky Strike Entertainment in a research report on Thursday, May 7th. Finally, Wall Street Zen raised shares of Lucky Strike Entertainment from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 20th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of LUCK. Millennium Management LLC raised its stake in shares of 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 purchasing an additional 306,931 shares in the last quarter. Geode Capital Management LLC acquired a new stake in shares of Lucky Strike Entertainment in the 2nd quarter valued at approximately $2,661,000. Great Lakes Advisors LLC bought a new position in shares of Lucky Strike Entertainment in the second quarter valued at $1,361,000. Rice Hall James & Associates LLC grew its stake in shares of Lucky Strike Entertainment by 52.7% in the first 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 in the last quarter. Finally, Jane Street Group LLC acquired a new position in Lucky Strike Entertainment during the second quarter worth $1,117,000. 68.11% of the stock is currently owned by institutional investors.

Lucky Strike Entertainment Price Performance

LUCK opened at $6.78 on Tuesday. The business’s 50-day moving average price is $7.20 and its two-hundred day moving average price is $7.83. Lucky Strike Entertainment has a 1 year low of $5.70 and a 1 year high of $11.19. The company has a market capitalization of $925.60 million, a price-to-earnings ratio of -10.93 and a beta of 0.63.

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.