Noble Financial Has Optimistic Opinion of LUCK Q2 Earnings

Lucky Strike Entertainment (NYSE:LUCK) – Equities research analysts at Noble Financial increased their Q2 2027 EPS estimates for shares of Lucky Strike Entertainment in a report issued on Wednesday, October 7th. Noble Financial analyst M. Kupinski now forecasts that the company will post earnings of $0.00 per share for the quarter, up from their prior forecast of ($0.01). The consensus estimate for Lucky Strike Entertainment’s current full-year earnings is ($0.02) per share. Noble Financial also issued estimates for Lucky Strike Entertainment’s Q3 2027 earnings at $0.24 EPS.

Other analysts also recently issued research reports about the company. Jefferies Financial Group set a $10.00 target price on Lucky Strike Entertainment in a research report on Thursday, August 27th. Citigroup started coverage on shares of Lucky Strike Entertainment in a report on Monday, June 29th. They issued a “market perform” rating for the company. Wall Street Zen raised shares of Lucky Strike Entertainment from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 20th. Truist Financial set a $10.00 target price on shares of Lucky Strike Entertainment in a report on Thursday, August 27th. Finally, Roth Capital set a $6.50 price target on shares of Lucky Strike Entertainment in a research note on Friday, August 28th. Four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, Lucky Strike Entertainment currently has a consensus rating of “Hold” and a consensus target price of $8.39.

Lucky Strike Entertainment Trading Down 2.0%

LUCK opened at $5.18 on Thursday. The stock has a market capitalization of $706.87 million, a P/E ratio of -15.25 and a beta of 0.66. The stock has a 50-day moving average price of $6.08 and a 200-day moving average price of $7.30. Lucky Strike Entertainment has a 12-month low of $5.10 and a 12-month high of $10.32.

Lucky Strike Entertainment (NYSE:LUCK) last posted its quarterly earnings data on Thursday, August 27th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.15). The firm had revenue of $303.95 million for the quarter, compared to the consensus estimate of $311.30 million.

Lucky Strike Entertainment Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 22nd. Stockholders of record on Tuesday, September 8th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date was Tuesday, September 8th. Lucky Strike Entertainment’s dividend payout ratio is currently -70.59%.

Insider Transactions at Lucky Strike Entertainment

In other Lucky Strike Entertainment news, Director Sandeep Mathrani bought 9,350 shares of the business’s stock in a transaction that occurred on Friday, August 28th. The shares were bought at an average cost of $6.41 per share, with a total value of $59,933.50. Following the completion of the purchase, the director directly owned 9,350 shares of the company’s stock, valued at $59,933.50. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Thomas Shannon purchased 30,000 shares of Lucky Strike Entertainment stock in a transaction that occurred on Wednesday, September 9th. The shares were acquired at an average price of $5.86 per share, for a total transaction of $175,800.00. Following the acquisition, the chief executive officer owned 3,144,000 shares in the company, valued at $18,423,840. This trade represents a 0.96% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders have bought 43,537 shares of company stock valued at $261,064. 84.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Lucky Strike Entertainment

Several hedge funds have recently made changes to their positions in the business. Great Lakes Advisors LLC bought a new position in Lucky Strike Entertainment in the second quarter worth about $1,361,000. Rice Hall James & Associates LLC boosted its position in Lucky Strike Entertainment by 52.7% during the 1st quarter. Rice Hall James & Associates LLC now owns 481,189 shares of the company’s stock valued at $4,003,000 after acquiring an additional 166,104 shares in the last quarter. Maven Securities LTD purchased a new position in shares of Lucky Strike Entertainment during the 4th quarter worth approximately $1,036,000. MYDA Advisors LLC bought a new position in shares of Lucky Strike Entertainment in the 4th quarter worth approximately $424,000. Finally, Private Management Group Inc. raised its position in shares of Lucky Strike Entertainment by 2.6% in the 4th quarter. Private Management Group Inc. now owns 1,911,134 shares of the company’s stock worth $16,187,000 after acquiring an additional 48,093 shares in the last quarter. 68.11% of the stock is owned by hedge funds and other institutional investors.

About Lucky Strike Entertainment

Lucky Strike Entertainment Corporation (NYSE: LUCK) is an operator of bowling and location-based entertainment venues. Its centers offer traditional and boutique bowling, arcade games, billiards, laser tag, and other recreational activities, along with food and beverage services.

The company operates venues under brands that include Lucky Strike, Bowlero and AMF. Its facilities serve a range of customers, including families, casual entertainment seekers, league bowlers, and corporate or private-event groups.