Lucky Strike Entertainment (NYSE:LUCK) Stock Rated “Hold” by Sell-Side Analysts

Lucky Strike Entertainment (NYSE:LUCK) has received a consensus recommendation of “Hold” from the thirteen brokerages that are currently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $8.39.

A number of equities research analysts have weighed in on the stock. Jefferies Financial Group set a $10.00 price target on shares of Lucky Strike Entertainment in a research note on Thursday, August 27th. Stifel Nicolaus dropped their price objective on shares of Lucky Strike Entertainment from $9.00 to $8.00 and set a “buy” rating for the company in a research note on Friday, August 28th. Truist Financial set a $10.00 price objective on shares of Lucky Strike Entertainment in a research note on Thursday, August 27th. Citizens Jmp started coverage on shares of Lucky Strike Entertainment in a report on Monday, June 29th. They set a “market perform” rating for the company. Finally, Zacks Research lowered shares of Lucky Strike Entertainment from a “hold” rating to a “strong sell” rating in a research report on Monday, August 31st.

Lucky Strike Entertainment Trading Up 10.4%

Shares of NYSE:LUCK opened at $5.13 on Wednesday. Lucky Strike Entertainment has a 1-year low of $4.59 and a 1-year high of $9.59. The firm has a market capitalization of $700.05 million, a PE ratio of -15.10 and a beta of 0.66. The business’s 50 day moving average is $5.77 and its 200-day moving average is $7.11.

Lucky Strike Entertainment (NYSE:LUCK) last issued its earnings results on Thursday, August 27th. The company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.15). The company had revenue of $303.95 million during the quarter, compared to analyst estimates of $311.30 million. On average, sell-side analysts predict that Lucky Strike Entertainment will post -0.02 EPS for the current year.

Lucky Strike Entertainment Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 22nd. Shareholders of record on Tuesday, September 8th were paid a dividend of $0.06 per share. The ex-dividend date was Tuesday, September 8th. This represents a $0.24 dividend on an annualized basis and a yield of 4.7%. Lucky Strike Entertainment’s dividend payout ratio (DPR) is currently -70.59%.

Insider Transactions at Lucky Strike Entertainment

In related news, CEO Thomas F. Shannon acquired 30,000 shares of the stock in a transaction dated Wednesday, September 9th. The shares were bought at an average cost of $5.86 per share, for a total transaction of $175,800.00. Following the purchase, the chief executive officer owned 3,144,000 shares in the company, valued at approximately $18,423,840. This trade represents a 0.96% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Sandeep Mathrani bought 9,350 shares of the company’s stock in a transaction dated Friday, August 28th. The stock was bought at an average cost of $6.41 per share, with a total value of $59,933.50. Following the completion of the acquisition, the director owned 9,350 shares in the company, valued at $59,933.50. This represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. In the last 90 days, insiders have acquired 43,537 shares of company stock valued at $261,064. Corporate insiders own 84.20% of the company’s stock.

Hedge Funds Weigh In On Lucky Strike Entertainment

Hedge funds and other institutional investors have recently modified their holdings of the stock. Squarepoint Ops LLC lifted its holdings in shares of 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 acquiring an additional 9,112 shares during the period. Great Lakes Advisors LLC acquired a new stake in shares of Lucky Strike Entertainment in the 2nd quarter valued at $1,361,000. Finally, Rice Hall James & Associates LLC grew its holdings in shares of Lucky Strike Entertainment by 38.5% in the 4th quarter. Rice Hall James & Associates LLC now owns 315,085 shares of the company’s stock worth $2,669,000 after purchasing an additional 87,656 shares during the last quarter. Institutional investors own 68.11% of the company’s stock.

About Lucky Strike Entertainment

Lucky Strike Entertainment Corporation (NYSE: LUCK) is an operator of bowling and location-based entertainment venues. Its centers offer traditional and boutique bowling, arcade games, billiards, laser tag, and other recreational activities, along with food and beverage services.

The company operates venues under brands that include Lucky Strike, Bowlero and AMF. Its facilities serve a range of customers, including families, casual entertainment seekers, league bowlers, and corporate or private-event groups.