Maven Securities LTD Takes $1.04 Million Position in Lucky Strike Entertainment $LUCK

Maven Securities LTD purchased a new position in Lucky Strike Entertainment (NYSE:LUCK) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 122,325 shares of the company’s stock, valued at approximately $1,036,000. Maven Securities LTD owned 0.09% of Lucky Strike Entertainment at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. FourThought Financial Partners LLC purchased a new position in Lucky Strike Entertainment in the 3rd quarter worth about $261,000. State of Wyoming purchased a new position in Lucky Strike Entertainment in the 2nd quarter worth about $222,000. Jane Street Group LLC purchased a new position in Lucky Strike Entertainment in the 2nd quarter worth about $1,117,000. UBS Group AG increased its stake in Lucky Strike Entertainment by 46.7% in the 3rd quarter. UBS Group AG now owns 172,518 shares of the company’s stock worth $1,767,000 after buying an additional 54,919 shares during the period. Finally, Millennium Management LLC increased its stake in 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 period. Hedge funds and other institutional investors own 68.11% of the company’s stock.

Insider Buying and Selling at Lucky Strike Entertainment

In other news, insider Lev Ekster sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $8.47, for a total value of $25,410.00. Following the sale, the insider directly owned 64,296 shares in the company, valued at approximately $544,587.12. This trade represents a 4.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 84.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Lucky Strike Entertainment in a research note on Monday, May 4th. JPMorgan Chase & Co. cut shares of Lucky Strike Entertainment from a “neutral” rating to an “underweight” rating and dropped their target price for the stock from $8.00 to $6.00 in a report on Thursday, April 23rd. Craig Hallum cut shares of Lucky Strike Entertainment from a “buy” rating to a “hold” rating and set a $6.50 target price on the stock. in a report on Thursday, May 7th. UBS Group cut shares of Lucky Strike Entertainment to a “hold” rating and set a $6.50 target price on the stock. in a report on Thursday, May 7th. Finally, Jefferies Financial Group set a $12.00 target price on shares of Lucky Strike Entertainment in a report on Wednesday, May 6th. Three research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $8.69.

Lucky Strike Entertainment Stock Performance

NYSE:LUCK opened at $8.82 on Monday. Lucky Strike Entertainment has a fifty-two week low of $5.70 and a fifty-two week high of $11.61. The stock has a market capitalization of $1.20 billion, a P/E ratio of -14.22 and a beta of 0.60. The company’s 50-day simple moving average is $8.27 and its 200-day simple moving average is $8.34.

Lucky Strike Entertainment (NYSE:LUCK) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.07). The firm had revenue of $342.23 million for the quarter, compared to analyst estimates of $353.77 million. On average, research analysts forecast that Lucky Strike Entertainment will post -0.2 EPS for the current year.

Lucky Strike Entertainment Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 22nd were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Friday, May 22nd. Lucky Strike Entertainment’s dividend payout ratio (DPR) is currently -38.71%.

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. Shannon in 1997 and is headquartered in Mechanicsville, VA.