Lucky Strike Entertainment (NYSE:LUCK) CFO Robert M. Lavan Acquires 4,000 Shares

Lucky Strike Entertainment (NYSE:LUCK) CFO Robert M. Lavan acquired 4,000 shares of Lucky Strike Entertainment stock in a transaction dated Friday, May 9th. The stock was purchased at an average cost of $8.30 per share, for a total transaction of $33,200.00. Following the completion of the purchase, the chief financial officer now owns 84,238 shares in the company, valued at approximately $699,175.40. The trade was a 4.99% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Lucky Strike Entertainment Trading Up 2.7%

LUCK stock traded up $0.24 during midday trading on Monday, reaching $9.01. 239,351 shares of the company’s stock traded hands, compared to its average volume of 440,913. The company has a market cap of $1.29 billion, a PE ratio of -900.10 and a beta of 0.80. Lucky Strike Entertainment has a 52-week low of $7.66 and a 52-week high of $14.92. The stock’s 50-day moving average is $9.29.

Lucky Strike Entertainment (NYSE:LUCK) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.16). Lucky Strike Entertainment had a net margin of 1.11% and a negative return on equity of 35.76%. The business had revenue of $339.88 million for the quarter, compared to the consensus estimate of $361.42 million. Sell-side analysts anticipate that Lucky Strike Entertainment will post 0.43 earnings per share for the current fiscal year.

Lucky Strike Entertainment Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 23rd will be paid a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date of this dividend is Friday, May 23rd. Lucky Strike Entertainment’s dividend payout ratio is currently -2,200.00%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on LUCK. Canaccord Genuity Group reaffirmed a “buy” rating and set a $16.00 price target (down from $18.00) on shares of Lucky Strike Entertainment in a research report on Monday, May 5th. Truist Financial lowered their target price on shares of Lucky Strike Entertainment from $14.00 to $11.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. JPMorgan Chase & Co. decreased their price objective on Lucky Strike Entertainment from $12.00 to $10.00 and set a “neutral” rating on the stock in a report on Monday, April 14th. Finally, Roth Capital lowered Lucky Strike Entertainment from a “buy” rating to a “neutral” rating and set a $9.00 target price for the company. in a research note on Monday.

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.