Lucky Strike Entertainment (NYSE:LUCK) CEO Buys $373,120.00 in Stock

Lucky Strike Entertainment (NYSE:LUCK) CEO Thomas F. Shannon acquired 44,000 shares of the firm’s stock in a transaction on Friday, May 9th. The shares were acquired at an average price of $8.48 per share, with a total value of $373,120.00. Following the completion of the purchase, the chief executive officer now owns 2,344,000 shares of the company’s stock, valued at $19,877,120. This trade represents a 1.91% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Lucky Strike Entertainment Stock Up 2.7%

LUCK stock traded up $0.24 during trading on Monday, hitting $9.01. 239,351 shares of the company’s stock traded hands, compared to its average volume of 440,913. Lucky Strike Entertainment has a 52 week low of $7.66 and a 52 week high of $14.92. The firm’s fifty day moving average price is $9.29. The stock has a market cap of $1.29 billion, a PE ratio of -900.10 and a beta of 0.80.

Lucky Strike Entertainment (NYSE:LUCK) last released its earnings results on Thursday, May 8th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.16). Lucky Strike Entertainment had a net margin of 1.11% and a negative return on equity of 35.76%. The business had revenue of $339.88 million for the quarter, compared to the consensus estimate of $361.42 million. As a group, equities analysts forecast that Lucky Strike Entertainment will post 0.43 earnings per share for the current fiscal year.

Lucky Strike Entertainment Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 23rd will be given a dividend of $0.055 per share. The ex-dividend date is Friday, May 23rd. This represents a $0.22 annualized dividend and a dividend yield of 2.44%. Lucky Strike Entertainment’s dividend payout ratio is currently -2,200.00%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on LUCK. Canaccord Genuity Group reiterated a “buy” rating and set a $16.00 price objective (down from $18.00) on shares of Lucky Strike Entertainment in a research note on Monday, May 5th. Truist Financial reduced their target price on shares of Lucky Strike Entertainment from $14.00 to $11.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Roth Capital cut shares of Lucky Strike Entertainment from a “buy” rating to a “neutral” rating and set a $9.00 target price on the stock. in a research report on Monday. Finally, JPMorgan Chase & Co. reduced their target price on shares of Lucky Strike Entertainment from $12.00 to $10.00 and set a “neutral” rating on the stock in a research report on Monday, April 14th.

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.