Lucky Strike Entertainment (NYSE:LUCK) Releases Earnings Results, Misses Estimates By $0.10 EPS

Lucky Strike Entertainment (NYSE:LUCK) issued its quarterly earnings data on Thursday. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.10), FiscalAI reports. The firm had revenue of $302.64 million for the quarter, compared to analysts’ expectations of $297.79 million.

Lucky Strike Entertainment Trading Down 11.9%

Shares of LUCK stock traded down $0.53 during trading hours on Thursday, reaching $3.89. 199,983 shares of the company’s stock were exchanged, compared to its average volume of 74,414. Lucky Strike Entertainment has a 1 year low of $3.57 and a 1 year high of $9.59. The stock has a market cap of $530.87 million, a PE ratio of -11.45 and a beta of 0.71. The stock’s fifty day moving average price is $5.17 and its two-hundred day moving average price is $7.18.

Lucky Strike Entertainment Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 22nd. Stockholders 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 dividend yield of 6.2%. Lucky Strike Entertainment’s payout ratio is presently -70.59%.

More Lucky Strike Entertainment News

Here are the key news stories impacting Lucky Strike Entertainment this week:

• Positive Sentiment: First-quarter revenue was $302.64 million, ahead of analysts’ $297.79 million estimate. Lucky Strike first-quarter earnings results
• Neutral Sentiment: Lucky Strike forecast approximately $1.3 billion in FY2027 revenue, matching the consensus estimate; the outlook provided no clear upside surprise. Lucky Strike fiscal 2027 first-quarter results
• Negative Sentiment: The company posted a $0.21-per-share loss, wider than the expected $0.11 loss and the $0.12 loss a year earlier. This earnings shortfall likely weighed on sentiment despite the revenue beat. Lucky Strike reports first-quarter loss
• Negative Sentiment: Lucky Strike suspended its dividend, removing an income feature for shareholders and adding to concerns reflected in the market reaction. Lucky Strike after dividend suspension

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Stifel Nicolaus decreased their target price on shares of Lucky Strike Entertainment from $9.00 to $8.00 and set a “buy” rating for the company in a research report on Friday, August 28th. Roth Capital set a $6.50 price target on shares of Lucky Strike Entertainment in a report on Friday, August 28th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Lucky Strike Entertainment in a report on Thursday, October 29th. Truist Financial reduced their price target on Lucky Strike Entertainment from $9.00 to $8.00 and set a “buy” rating on the stock in a research report on Friday, October 23rd. Finally, Jefferies Financial Group set a $10.00 price objective on Lucky Strike Entertainment in a report on Thursday, August 27th. Four investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $8.17.

Insider Activity

In related news, CEO Thomas Shannon acquired 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 9th. The stock was purchased at an average cost of $5.86 per share, with a total value of $175,800.00. Following the transaction, the chief executive officer directly owned 3,144,000 shares of the company’s stock, valued at $18,423,840. This trade represents a 0.96% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Sandeep Mathrani acquired 9,350 shares of the firm’s stock in a transaction that occurred on 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 transaction, the director directly owned 9,350 shares in the company, valued at $59,933.50. The trade was a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last 90 days, insiders have bought 43,537 shares of company stock worth $261,064. Corporate insiders own 84.20% of the company’s stock.

Lucky Strike Entertainment Company Profile

Lucky Strike Entertainment Corp. is an operator of location-based entertainment venues centered on bowling. The company provides recreational and social experiences through bowling lanes, arcade games, food and beverage offerings, and spaces for parties, corporate events and other group gatherings.

The company operates venues under brands that include Lucky Strike, Bowlero and AMF, serving customers across the United States and Canada. Its locations range from upscale entertainment venues to traditional bowling centers, with offerings designed for families, casual visitors, league bowlers and private-event guests.

Lucky Strike Entertainment was previously known as Bowlero Corp.