Private Management Group Inc. Acquires New Holdings in Lucky Strike Entertainment $LUCK

Private Management Group Inc. bought a new position in Lucky Strike Entertainment (NYSE:LUCK) in the 2nd quarter, HoldingsChannel reports. The fund bought 1,877,614 shares of the company’s stock, valued at approximately $17,143,000.

Several other large investors also recently made changes to their positions in the company. Primecap Management Co. CA acquired a new position in shares of Lucky Strike Entertainment during the second quarter worth approximately $2,985,000. Geode Capital Management LLC bought a new stake in Lucky Strike Entertainment during the 2nd quarter valued at $2,661,000. Taylor Frigon Capital Management LLC bought a new stake in Lucky Strike Entertainment during the 2nd quarter valued at $1,731,000. AlphaQuest LLC acquired a new position in Lucky Strike Entertainment during the 2nd quarter worth $568,000. Finally, North Star Investment Management Corp. bought a new position in shares of Lucky Strike Entertainment in the second quarter worth $552,000. Institutional investors and hedge funds own 68.11% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on LUCK. Canaccord Genuity Group restated a “buy” rating and set a $16.00 price objective on shares of Lucky Strike Entertainment in a research note on Friday, August 29th. Roth Capital restated a “neutral” rating and set a $11.00 price target on shares of Lucky Strike Entertainment in a research report on Friday, August 29th. Stifel Nicolaus upped their price target 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. Wall Street Zen upgraded shares of Lucky Strike Entertainment from a “sell” rating to a “hold” rating in a research note on Sunday, November 16th. Finally, Piper Sandler dropped their target price on Lucky Strike Entertainment from $10.00 to $9.00 and set a “neutral” rating on the stock in a report on Monday, November 10th. Three research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Lucky Strike Entertainment currently has an average rating of “Hold” and an average price target of $11.67.

Lucky Strike Entertainment Trading Up 1.0%

Shares of NYSE LUCK opened at $7.14 on Friday. Lucky Strike Entertainment has a twelve month low of $6.96 and a twelve month high of $13.25. The company has a market capitalization of $997.03 million, a price-to-earnings ratio of -18.79 and a beta of 0.72. The firm has a 50-day moving average of $8.98 and a two-hundred day moving average of $9.43.

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

Insider Transactions at Lucky Strike Entertainment

In related news, President Lev Ekster purchased 2,505 shares of the company’s stock in a transaction on Friday, September 5th. The shares were bought at an average price of $9.99 per share, with a total value of $25,024.95. Following the completion of the acquisition, the president owned 71,800 shares of the company’s stock, valued at approximately $717,282. This represents a 3.61% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders have purchased a total of 6,779 shares of company stock valued at $64,272 in the last quarter. Insiders own 84.20% of the company’s stock.

Lucky Strike Entertainment Company Profile

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.