Lucky Strike Entertainment (NYSE:LUCK) Sets New 1-Year Low – What’s Next?

Lucky Strike Entertainment (NYSE:LUCK) hit a new 52-week low on Monday . The company traded as low as $7.66 and last traded at $7.75, with a volume of 201291 shares. The stock had previously closed at $8.11.

Analyst Ratings Changes

A number of research analysts have issued reports on LUCK shares. Wall Street Zen upgraded shares of Lucky Strike Entertainment from a “sell” rating to a “hold” rating in a research report on Sunday. Zacks Research raised shares of Lucky Strike Entertainment from a “strong sell” rating to a “hold” rating in a research note on Wednesday, September 10th. Piper Sandler dropped their target price on shares of Lucky Strike Entertainment from $10.00 to $9.00 and set a “neutral” rating for the company in a research report on Monday, November 10th. Roth Capital reaffirmed a “neutral” rating and set a $11.00 price objective on shares of Lucky Strike Entertainment in a research note on Friday, August 29th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Lucky Strike Entertainment in a report on Monday. Three analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Lucky Strike Entertainment currently has a consensus rating of “Hold” and a consensus price target of $11.67.

Lucky Strike Entertainment Trading Down 2.1%

The company has a market capitalization of $990.05 million, a P/E ratio of -18.66 and a beta of 0.72. The stock has a 50 day moving average price of $9.15 and a 200 day moving average price of $9.48.

Lucky Strike Entertainment (NYSE:LUCK) last issued its quarterly earnings results on Wednesday, May 17th. The company reported $0.27 earnings per share (EPS) for the quarter. Lucky Strike Entertainment had a negative net margin of 3.80% and a negative return on equity of 23.31%. The firm had revenue of $257.82 million for the quarter. On average, research analysts predict that Lucky Strike Entertainment will post 0.43 EPS for the current year.

Insider Buying and Selling at Lucky Strike Entertainment

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 a total of 6,779 shares of company stock worth $64,272 in the last quarter. 84.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Lucky Strike Entertainment

Several large investors have recently bought and sold shares of LUCK. Millennium Management LLC boosted its stake in shares of Lucky Strike Entertainment by 291.5% in the 3rd quarter. Millennium Management LLC now owns 412,218 shares of the company’s stock worth $4,221,000 after buying an additional 306,931 shares during the last quarter. Jain Global LLC purchased a new position in shares of Lucky Strike Entertainment in the 3rd quarter worth about $121,000. UBS Group AG grew its position in Lucky Strike Entertainment by 46.7% during the third quarter. UBS Group AG now owns 172,518 shares of the company’s stock valued at $1,767,000 after buying an additional 54,919 shares during the period. FourThought Financial Partners LLC purchased a new stake in Lucky Strike Entertainment during the third quarter worth about $261,000. Finally, R Squared Ltd bought a new stake in Lucky Strike Entertainment in the third quarter worth about $123,000. 68.11% of the stock is currently owned by institutional investors.

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.