John Alan Young Buys 1,500 Shares of Lucky Strike Entertainment (NYSE:LUCK) Stock

Lucky Strike Entertainment (NYSE:LUCK) Director John Alan Young bought 1,500 shares of Lucky Strike Entertainment stock in a transaction on Friday, November 7th. The shares were acquired at an average price of $7.90 per share, for a total transaction of $11,850.00. Following the completion of the acquisition, the director owned 74,833 shares of the company’s stock, valued at approximately $591,180.70. This represents a 2.05% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Thursday, November 6th, John Alan Young purchased 100 shares of Lucky Strike Entertainment stock. The stock was acquired at an average price of $7.95 per share, with a total value of $795.00.

Lucky Strike Entertainment Price Performance

NYSE LUCK opened at $8.20 on Wednesday. Lucky Strike Entertainment has a one year low of $7.66 and a one year high of $13.25. The firm has a market cap of $1.15 billion, a P/E ratio of -21.58 and a beta of 0.72. The stock’s 50-day moving average is $9.37 and its 200-day moving average is $9.54.

Lucky Strike Entertainment (NYSE:LUCK) last issued its quarterly earnings data on Wednesday, May 17th. The company reported $0.27 earnings per share (EPS) for the quarter. The business had revenue of $257.82 million during the quarter. Lucky Strike Entertainment had a negative return on equity of 23.31% and a negative net margin of 3.80%. Equities analysts anticipate that Lucky Strike Entertainment will post 0.43 EPS for the current year.

Lucky Strike Entertainment Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Friday, August 29th were given a dividend of $0.055 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.22 annualized dividend and a dividend yield of 2.7%. Lucky Strike Entertainment’s dividend payout ratio is currently -57.89%.

Institutional Trading of Lucky Strike Entertainment

A number of hedge funds and other institutional investors have recently modified their holdings of LUCK. Champlain Investment Partners LLC acquired a new position in Lucky Strike Entertainment during the second quarter valued at approximately $23,774,000. Private Management Group Inc. acquired a new position in shares of Lucky Strike Entertainment during the 2nd quarter worth approximately $17,143,000. Systematic Financial Management LP bought a new stake in shares of Lucky Strike Entertainment during the 2nd quarter worth approximately $5,785,000. Primecap Management Co. CA acquired a new stake in shares of Lucky Strike Entertainment in the 2nd quarter valued at approximately $2,985,000. Finally, Geode Capital Management LLC acquired a new stake in shares of Lucky Strike Entertainment in the 2nd quarter valued at approximately $2,661,000. Institutional investors and hedge funds own 68.11% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $16.00 price objective on shares of Lucky Strike Entertainment in a research report on Friday, August 29th. Piper Sandler cut their price target on Lucky Strike Entertainment from $10.00 to $9.00 and set a “neutral” rating on the stock in a report on Monday. Wall Street Zen raised Lucky Strike Entertainment from a “sell” rating to a “hold” rating in a research report on Saturday. Stifel Nicolaus increased their price objective on Lucky Strike Entertainment from $12.00 to $13.00 and gave the stock a “buy” rating in a report on Friday, August 29th. Finally, Roth Capital restated a “neutral” rating and issued a $11.00 target price on shares of Lucky Strike Entertainment in a research note on Friday, August 29th. Three investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $11.67.

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.