Lucky Strike Entertainment (NYSE:LUCK) Shares Gap Up Following Insider Buying Activity

Lucky Strike Entertainment (NYSE:LUCK)’s share price gapped up prior to trading on Tuesday after an insider bought additional shares in the company. The stock had previously closed at $10.51, but opened at $11.00. Lucky Strike Entertainment shares last traded at $10.30, with a volume of 30,304 shares trading hands.

Specifically, Director John Alan Young bought 3,685 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was acquired at an average price of $10.13 per share, with a total value of $37,329.05. Following the completion of the purchase, the director now owns 69,423 shares of the company’s stock, valued at approximately $703,254.99. This trade represents a 5.61 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. reissued a “neutral” rating and issued a $12.00 target price (down previously from $15.00) on shares of Lucky Strike Entertainment in a report on Friday, January 17th.

Lucky Strike Entertainment Price Performance

The business’s 50 day moving average is $10.76. The stock has a market capitalization of $1.49 billion, a P/E ratio of -1,038.96 and a beta of 0.77.

Lucky Strike Entertainment (NYSE:LUCK) last issued its earnings results on Wednesday, February 5th. The company reported $0.06 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.06. Lucky Strike Entertainment had a net margin of 1.11% and a negative return on equity of 35.76%. As a group, equities analysts expect that Lucky Strike Entertainment will post 0.43 EPS for the current fiscal year.

Lucky Strike Entertainment Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Friday, February 21st will be given a $0.055 dividend. The ex-dividend date of this dividend is Friday, February 21st. This represents a $0.22 dividend on an annualized basis and a yield of 2.12%. Lucky Strike Entertainment’s dividend payout ratio is currently -2,200.00%.

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.