Lucky Strike Entertainment (NYSE:LUCK) Upgraded to “Hold” at Wall Street Zen

Wall Street Zen upgraded shares of Lucky Strike Entertainment (NYSE:LUCK) from a sell rating to a hold rating in a research note issued to investors on Saturday morning.

Several other research analysts have also commented on LUCK. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lucky Strike Entertainment in a research report on Monday, December 29th. Piper Sandler cut their target price on shares of Lucky Strike Entertainment from $10.00 to $9.00 and set a “neutral” rating on the stock in a report on Monday, November 10th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $18.00 price target on shares of Lucky Strike Entertainment in a research report on Monday, December 15th. Four analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $12.57.

Lucky Strike Entertainment Price Performance

Shares of NYSE:LUCK opened at $8.80 on Friday. Lucky Strike Entertainment has a 12 month low of $6.96 and a 12 month high of $13.25. The firm has a market capitalization of $1.23 billion, a P/E ratio of -23.16 and a beta of 0.71. The company’s fifty day moving average price is $8.37 and its 200 day moving average price is $9.32.

Lucky Strike Entertainment (NYSE:LUCK) last issued its quarterly earnings data on Wednesday, May 17th. The company reported $0.27 earnings per share (EPS) for the quarter. The firm had revenue of $257.82 million for the quarter. On average, sell-side analysts anticipate that Lucky Strike Entertainment will post 0.43 EPS for the current year.

Insiders Place Their Bets

In other news, Director Richard Meynard Born acquired 30,000 shares of the company’s stock in a transaction on Friday, November 28th. The shares were bought at an average cost of $8.09 per share, with a total value of $242,700.00. Following the purchase, the director owned 30,000 shares of the company’s stock, valued at $242,700. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In the last 90 days, insiders have acquired 32,401 shares of company stock valued at $262,149. Company insiders own 84.20% of the company’s stock.

Institutional Investors Weigh In On Lucky Strike Entertainment

A number of large investors have recently bought and sold shares of the stock. Champlain Investment Partners LLC acquired a new position in shares of Lucky Strike Entertainment in the second quarter worth $23,774,000. Private Management Group Inc. purchased a new stake in Lucky Strike Entertainment during the 2nd quarter worth about $17,143,000. Systematic Financial Management LP acquired a new position in Lucky Strike Entertainment in the 2nd quarter valued at about $5,785,000. Millennium Management LLC lifted 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 in the last quarter. Finally, Primecap Management Co. CA acquired a new stake in shares of Lucky Strike Entertainment during the 2nd quarter worth about $2,985,000. Institutional investors and hedge funds own 68.11% of the company’s stock.

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.