Lucky Strike Entertainment (NYSE:LUCK) Shares Down 0.1% – Time to Sell?

Shares of Lucky Strike Entertainment (NYSE:LUCK) dropped 0.1% during mid-day trading on Friday . The company traded as low as $8.97 and last traded at $9.14. Approximately 295,160 shares traded hands during mid-day trading, a decline of 29% from the average daily volume of 413,627 shares. The stock had previously closed at $9.15.

Analysts Set New Price Targets

A number of brokerages have recently commented on LUCK. Truist Financial lowered their price objective on Lucky Strike Entertainment from $14.00 to $11.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Roth Capital downgraded shares of Lucky Strike Entertainment from a “buy” rating to a “neutral” rating and set a $9.00 price objective on the stock. in a research report on Monday, May 12th. Canaccord Genuity Group restated a “buy” rating and issued a $16.00 price objective (down from $18.00) on shares of Lucky Strike Entertainment in a report on Monday, May 5th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Lucky Strike Entertainment from $12.00 to $10.00 and set a “neutral” rating for the company in a research note on Monday, April 14th.

Lucky Strike Entertainment Stock Down 0.1%

The company has a market capitalization of $1.28 billion, a PE ratio of -913.09 and a beta of 0.80. The stock’s 50-day simple moving average is $8.93.

Lucky Strike Entertainment (NYSE:LUCK) last posted 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). 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%. Research analysts anticipate that Lucky Strike Entertainment will post 0.43 EPS for the current fiscal year.

Lucky Strike Entertainment Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 23rd were given a dividend of $0.055 per share. The ex-dividend date was Friday, May 23rd. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.41%. Lucky Strike Entertainment’s dividend payout ratio (DPR) is presently -314.29%.

Insider Activity

In related news, President Lev Ekster purchased 3,034 shares of the stock in a transaction that occurred on Friday, May 9th. The shares were purchased at an average price of $8.24 per share, with a total value of $25,000.16. Following the completion of the acquisition, the president now directly owns 69,295 shares in the company, valued at $570,990.80. This represents a 4.58% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Thomas F. Shannon acquired 20,000 shares of the firm’s stock in a transaction on Wednesday, May 28th. The shares were bought at an average cost 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 in the company, valued at $20,637,720. This trade represents a 0.85% increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 73,551 shares of company stock valued at $627,735 in the last ninety days. 79.90% of the stock is currently owned by company insiders.

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.