Lucky Strike Entertainment (NYSE:LUCK) Stock: Insider John Alan Young Acquires 7,543 Shares

Lucky Strike Entertainment (NYSE:LUCK) Director John Young purchased 7,543 shares of the business’s stock in a transaction that occurred on Friday, November 6th. The shares were bought at an average price of $3.86 per share, for a total transaction of $29,115.98. Following the completion of the purchase, the director directly owned 97,261 shares in the company, valued at $375,427.46. This represents a 8.41% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Monday, November 9th, John Young acquired 7,453 shares of Lucky Strike Entertainment stock. The stock was bought at an average price of $3.74 per share, with a total value of $27,874.22.
• On Tuesday, September 1st, John Young bought 1,000 shares of Lucky Strike Entertainment stock. The shares were purchased at an average price of $614.00 per share, for a total transaction of $614,000.00.
• On Monday, August 31st, John Young bought 400 shares of Lucky Strike Entertainment stock. The stock was purchased at an average cost of $6.25 per share, with a total value of $2,500.00.
• On Friday, August 28th, John Young purchased 2,800 shares of Lucky Strike Entertainment stock. The shares were purchased at an average price of $6.23 per share, for a total transaction of $17,444.00.

Lucky Strike Entertainment Stock Down 8.9%

LUCK opened at $3.42 on Wednesday. The firm has a market cap of $466.79 million, a price-to-earnings ratio of -7.96 and a beta of 0.71. Lucky Strike Entertainment has a 52 week low of $3.31 and a 52 week high of $9.59. The business’s 50 day moving average is $5.01 and its two-hundred day moving average is $7.10.

Lucky Strike Entertainment (NYSE:LUCK) last posted its quarterly earnings data on Thursday, November 5th. The company reported ($0.21) earnings per share 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 analyst estimates of $297.79 million. Equities analysts expect that Lucky Strike Entertainment will post -0.07 EPS for the current fiscal year.

Lucky Strike Entertainment Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 22nd. Stockholders of record on Tuesday, September 8th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 7.0%. The ex-dividend date of this dividend was Tuesday, September 8th. Lucky Strike Entertainment’s payout ratio is presently -55.81%.

Wall Street Analysts Forecast Growth

LUCK has been the subject of a number of recent research reports. Weiss Ratings reiterated a “sell (d)” rating on shares of Lucky Strike Entertainment in a research note on Thursday, October 29th. Stifel Nicolaus dropped their price objective on shares of Lucky Strike Entertainment from $9.00 to $8.00 and set a “buy” rating on the stock in a research note on Friday, August 28th. Jefferies Financial Group set a $10.00 target price on shares of Lucky Strike Entertainment in a report on Thursday, August 27th. Roth Capital set a $6.50 target price on shares of Lucky Strike Entertainment in a research note on Friday, August 28th. Finally, Zacks Research upgraded Lucky Strike Entertainment from a “strong sell” rating to a “hold” rating in a research note on Monday, October 26th. Four analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned 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 $8.06.

Institutional Trading of Lucky Strike Entertainment

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Rice Hall James & Associates LLC boosted its holdings in Lucky Strike Entertainment by 52.7% in the 1st quarter. Rice Hall James & Associates LLC now owns 481,189 shares of the company’s stock valued at $4,003,000 after purchasing an additional 166,104 shares in the last quarter. Great Lakes Advisors LLC purchased a new position in shares of Lucky Strike Entertainment during the 2nd quarter worth approximately $1,361,000. Finally, Squarepoint Ops LLC lifted its holdings in shares of Lucky Strike Entertainment by 69.8% in the 2nd 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 period. Hedge funds and other institutional investors own 68.11% of the company’s stock.

About Lucky Strike Entertainment

Lucky Strike Entertainment operates bowling and entertainment venues across the United States and Canada. Its locations offer bowling alongside attractions such as arcade games and laser tag, as well as food and beverage services. The company serves both individual customers and groups, hosting birthday parties, corporate events and bowling leagues. Its venues operate under brands including Lucky Strike, Bowlero and AMF. Previously known as Bowlero Corp., the company adopted the Lucky Strike Entertainment name in 2024.