Lucky Strike Entertainment (NYSE:LUCK) Stock: Insider John Alan Young Purchases 7,453 Shares

Lucky Strike Entertainment (NYSE:LUCK) Director John Young bought 7,453 shares of the firm’s stock in a transaction that occurred on Monday, November 9th. The shares were acquired at an average price of $3.74 per share, with a total value of $27,874.22. Following the acquisition, the director owned 104,714 shares of the company’s stock, valued at $391,630.36. This represents a 7.66% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

John Alan Young also recently made the following trade(s):

• On Friday, November 6th, John Young bought 7,543 shares of Lucky Strike Entertainment stock. The shares were bought at an average cost of $3.86 per share, for a total transaction of $29,115.98.
• On Tuesday, September 1st, John Young acquired 1,000 shares of Lucky Strike Entertainment stock. The shares were purchased at an average cost of $614.00 per share, for a total transaction of $614,000.00.
• On Monday, August 31st, John Young purchased 400 shares of Lucky Strike Entertainment stock. The stock was purchased at an average cost of $6.25 per share, for a total transaction of $2,500.00.
• On Friday, August 28th, John Young bought 2,800 shares of Lucky Strike Entertainment stock. The stock was acquired at an average cost of $6.23 per share, for a total transaction of $17,444.00.

Lucky Strike Entertainment Trading Down 0.8%

LUCK traded down $0.03 during midday trading on Monday, reaching $3.77. The company’s stock had a trading volume of 199,940 shares, compared to its average volume of 124,397. Lucky Strike Entertainment has a 1 year low of $3.57 and a 1 year high of $9.59. The stock’s 50-day moving average is $5.12 and its 200-day moving average is $7.15. The firm has a market capitalization of $513.83 million, a price-to-earnings ratio of -8.76 and a beta of 0.71.

Lucky Strike Entertainment (NYSE:LUCK) last posted its quarterly earnings results on Thursday, November 5th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.10). The firm had revenue of $302.64 million during the quarter, compared to analysts’ expectations of $297.79 million. As a group, equities research analysts forecast that Lucky Strike Entertainment will post -0.02 earnings per share for the current fiscal year.

Lucky Strike Entertainment Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 22nd. Shareholders of record on Tuesday, September 8th were issued a $0.06 dividend. The ex-dividend date of this dividend was Tuesday, September 8th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 6.4%. Lucky Strike Entertainment’s dividend payout ratio (DPR) is presently -55.81%.

Analyst Upgrades and Downgrades

A number of research firms have commented on LUCK. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Lucky Strike Entertainment in a research report on Thursday, October 29th. Jefferies Financial Group set a $10.00 price target on Lucky Strike Entertainment in a report on Thursday, August 27th. Zacks Research raised Lucky Strike Entertainment from a “strong sell” rating to a “hold” rating in a report on Monday, October 26th. Stifel Nicolaus cut their price objective on Lucky Strike Entertainment from $9.00 to $8.00 and set a “buy” rating for the company in a report on Friday, August 28th. Finally, Roth Capital set a $6.50 price objective on Lucky Strike Entertainment in a research report on Friday, August 28th. Four research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $8.17.

Institutional Trading of Lucky Strike Entertainment

Several large investors have recently added to or reduced their stakes in LUCK. Squarepoint Ops LLC increased its holdings in Lucky Strike Entertainment by 69.8% during the second quarter. Squarepoint Ops LLC now owns 22,158 shares of the company’s stock valued at $166,000 after buying an additional 9,112 shares during the last quarter. Great Lakes Advisors LLC bought a new position in Lucky Strike Entertainment in the second quarter worth approximately $1,361,000. Finally, Rice Hall James & Associates LLC raised its position in Lucky Strike Entertainment by 52.7% in the first quarter. Rice Hall James & Associates LLC now owns 481,189 shares of the company’s stock worth $4,003,000 after acquiring an additional 166,104 shares during the period. 68.11% of the stock is currently owned by institutional investors.

Lucky Strike Entertainment Company Profile

Lucky Strike Entertainment Corp. is an operator of location-based entertainment venues centered on bowling. The company provides recreational and social experiences through bowling lanes, arcade games, food and beverage offerings, and spaces for parties, corporate events and other group gatherings.

The company operates venues under brands that include Lucky Strike, Bowlero and AMF, serving customers across the United States and Canada. Its locations range from upscale entertainment venues to traditional bowling centers, with offerings designed for families, casual visitors, league bowlers and private-event guests.

Lucky Strike Entertainment was previously known as Bowlero Corp.