Insider Buying: Lucky Strike Entertainment (NYSE:LUCK) CEO Acquires 20,000 Shares of Stock

Lucky Strike Entertainment (NYSE:LUCK) CEO Thomas F. Shannon acquired 20,000 shares of the business’s stock in a transaction dated Wednesday, May 28th. The stock was acquired at an average price of $8.73 per share, with a total value of $174,600.00. Following the completion of the transaction, the chief executive officer now directly owns 2,364,000 shares of the company’s stock, valued at approximately $20,637,720. This represents a 0.85% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Lucky Strike Entertainment Trading Down 0.7%

Shares of NYSE:LUCK opened at $8.62 on Friday. Lucky Strike Entertainment has a fifty-two week low of $7.66 and a fifty-two week high of $14.92. The company has a 50 day moving average price of $9.07. The firm has a market capitalization of $1.21 billion, a PE ratio of -861.14 and a beta of 0.80.

Lucky Strike Entertainment (NYSE:LUCK) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.16). The firm had revenue of $339.88 million during the quarter, compared to analysts’ expectations of $361.42 million. Lucky Strike Entertainment had a net margin of 1.11% and a negative return on equity of 35.76%. On average, research analysts predict that Lucky Strike Entertainment will post 0.43 EPS for the current fiscal year.

Lucky Strike Entertainment Dividend Announcement

The firm also recently disclosed 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 2.55%. Lucky Strike Entertainment’s dividend payout ratio is currently -314.29%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Truist Financial decreased their target price on 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 lowered shares of Lucky Strike Entertainment from a “buy” rating to a “neutral” rating and set a $9.00 target price for the company. in a report on Monday, May 12th. JPMorgan Chase & Co. dropped their price target on Lucky Strike Entertainment from $12.00 to $10.00 and set a “neutral” rating for the company in a research report on Monday, April 14th. Finally, Canaccord Genuity Group reiterated a “buy” rating and issued a $16.00 target price (down from $18.00) on shares of Lucky Strike Entertainment in a report on Monday, May 5th.

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.