Brett I. Parker Sells 1,747,434 Shares of Lucky Strike Entertainment (NYSE:LUCK) Stock

Lucky Strike Entertainment (NYSE:LUCK) Vice Chairman Brett I. Parker sold 1,747,434 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $11.54, for a total transaction of $20,165,388.36. Following the sale, the insider now directly owns 498,092 shares of the company’s stock, valued at approximately $5,747,981.68. This trade represents a 77.82 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Lucky Strike Entertainment Stock Performance

LUCK opened at $10.63 on Friday. The business’s 50 day simple moving average is $10.76. The firm has a market cap of $1.52 billion, a P/E ratio of -1,061.94 and a beta of 0.77. Lucky Strike Entertainment has a 1 year low of $9.61 and a 1 year high of $14.92.

Lucky Strike Entertainment (NYSE:LUCK) last posted its earnings results on Wednesday, February 5th. The company reported $0.06 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.06. Lucky Strike Entertainment had a net margin of 1.11% and a negative return on equity of 35.76%. On average, analysts expect that Lucky Strike Entertainment will post 0.43 EPS for the current year.

Lucky Strike Entertainment Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, February 21st will be issued a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date is Friday, February 21st. Lucky Strike Entertainment’s dividend payout ratio is presently -2,197.80%.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. reissued a “neutral” rating and set a $12.00 target price (down previously from $15.00) on shares of Lucky Strike Entertainment in a research report on Friday, January 17th.

About Lucky Strike Entertainment

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.