Lucky Strike Entertainment (NYSE:LUCK) Sets New 52-Week Low – Here’s What Happened

Shares of Lucky Strike Entertainment (NYSE:LUCK) hit a new 52-week low on Thursday . The stock traded as low as $9.30 and last traded at $9.40, with a volume of 99792 shares trading hands. The stock had previously closed at $9.77.

Analysts Set New Price Targets

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

Lucky Strike Entertainment Stock Down 0.1 %

The stock has a market cap of $1.40 billion, a price-to-earnings ratio of -975.02 and a beta of 0.76. The company has a 50 day moving average price of $10.74.

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, hitting analysts’ consensus estimates of $0.06. Lucky Strike Entertainment had a negative return on equity of 35.76% and a net margin of 1.11%. Analysts predict that Lucky Strike Entertainment will post 0.43 earnings per share for the current year.

Lucky Strike Entertainment Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, February 21st will be given a dividend of $0.055 per share. The ex-dividend date of this dividend is Friday, February 21st. This represents a $0.22 annualized dividend and a dividend yield of 2.25%. Lucky Strike Entertainment’s payout ratio is currently -2,200.00%.

Insider Transactions at Lucky Strike Entertainment

In other news, Vice Chairman Brett I. Parker sold 1,747,434 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $11.54, for a total value of $20,165,388.36. Following the completion of the transaction, the insider now owns 498,092 shares in the company, valued at $5,747,981.68. This trade represents a 77.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director John Alan Young acquired 3,685 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The stock was acquired at an average price of $10.13 per share, for a total transaction of $37,329.05. Following the completion of the transaction, the director now directly owns 69,423 shares in the company, valued at approximately $703,254.99. This represents a 5.61 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 79.90% 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.