Lucky Strike Entertainment (NYSE:LUCK) Shares Up 7.4% – Should You Buy?

Lucky Strike Entertainment (NYSE:LUCK) shares shot up 7.4% on Monday . The stock traded as high as $10.82 and last traded at $10.82. 165,991 shares traded hands during trading, a decline of 51% from the average session volume of 340,210 shares. The stock had previously closed at $10.07.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on LUCK. Zacks Research upgraded shares of Lucky Strike Entertainment from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 10th. Stifel Nicolaus increased their price objective on shares of Lucky Strike Entertainment from $12.00 to $13.00 and gave the stock a “buy” rating in a research report on Friday, August 29th. Canaccord Genuity Group reiterated a “buy” rating and set a $16.00 price objective on shares of Lucky Strike Entertainment in a research report on Friday, August 29th. Finally, Roth Capital reiterated a “neutral” rating and set a $11.00 price objective on shares of Lucky Strike Entertainment in a research report on Friday, August 29th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $12.20.

Lucky Strike Entertainment Price Performance

The firm has a market capitalization of $1.47 billion, a price-to-earnings ratio of -80.69 and a beta of 0.75. The business’s fifty day simple moving average is $10.10 and its 200 day simple moving average is $9.57.

Lucky Strike Entertainment (NYSE:LUCK) last issued its quarterly earnings data on Thursday, August 28th. The company reported ($0.49) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.42). The business had revenue of $301.18 million for the quarter, compared to analyst estimates of $295.07 million. Lucky Strike Entertainment had a negative net margin of 0.83% and a negative return on equity of 23.31%. Lucky Strike Entertainment has set its FY 2025 guidance at EPS. Equities research analysts expect that Lucky Strike Entertainment will post 0.43 earnings per share for the current fiscal year.

Lucky Strike Entertainment Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Friday, August 29th were issued a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Friday, August 29th. Lucky Strike Entertainment’s dividend payout ratio (DPR) is currently -169.23%.

Insider Activity

In other Lucky Strike Entertainment news, President Lev Ekster acquired 2,505 shares of Lucky Strike Entertainment stock in a transaction dated Friday, September 5th. The stock was purchased at an average cost of $9.99 per share, for a total transaction of $25,024.95. Following the completion of the acquisition, the president directly owned 71,800 shares of the company’s stock, valued at $717,282. This represents a 3.61% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have bought 5,179 shares of company stock worth $51,627 in the last ninety days. 79.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in LUCK. Champlain Investment Partners LLC bought a new position in shares of Lucky Strike Entertainment during the second quarter valued at about $23,774,000. Private Management Group Inc. bought a new position in shares of Lucky Strike Entertainment during the second quarter valued at about $17,143,000. Systematic Financial Management LP bought a new position in shares of Lucky Strike Entertainment during the second quarter valued at about $5,785,000. Primecap Management Co. CA bought a new position in shares of Lucky Strike Entertainment during the second quarter valued at about $2,985,000. Finally, Geode Capital Management LLC bought a new position in shares of Lucky Strike Entertainment during the second quarter valued at about $2,661,000. 68.11% of the stock is owned by institutional investors.

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.