Lucky Strike Entertainment (NYSE:LUCK) Shares Down 2.4% Following Analyst Downgrade

Lucky Strike Entertainment (NYSE:LUCK)’s share price fell 2.4% during mid-day trading on Monday after Truist Financial lowered their price target on the stock from $14.00 to $11.00. Truist Financial currently has a buy rating on the stock. Lucky Strike Entertainment traded as low as $8.90 and last traded at $8.90. 40,919 shares changed hands during mid-day trading, a decline of 91% from the average session volume of 467,161 shares. The stock had previously closed at $9.12.

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

Insider Buying and Selling

In related news, Director John Alan Young bought 3,685 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The shares were acquired at an average price of $10.13 per share, for a total transaction of $37,329.05. Following the completion of the acquisition, the director now owns 69,423 shares of the company’s stock, valued at approximately $703,254.99. The trade was a 5.61 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Vice Chairman Brett I. Parker sold 1,747,434 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $11.54, for a total value of $20,165,388.36. Following the transaction, the insider now directly owns 498,092 shares of the company’s stock, valued at $5,747,981.68. This trade represents a 77.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders bought 6,163 shares of company stock worth $62,213. 79.90% of the stock is owned by corporate insiders.

Lucky Strike Entertainment Stock Performance

The company’s fifty day moving average is $10.17. The company has a market capitalization of $1.27 billion, a P/E ratio of -889.11 and a beta of 0.79.

Lucky Strike Entertainment (NYSE:LUCK) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.06 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 earnings per share for the current fiscal year.

Lucky Strike Entertainment Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 21st were issued a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date was Friday, February 21st. Lucky Strike Entertainment’s payout ratio is currently -2,200.00%.

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.