Insider Buying: Lucky Strike Entertainment (NYSE:LUCK) President Buys $25,000.16 in Stock

Lucky Strike Entertainment (NYSE:LUCK) President Lev Ekster purchased 3,034 shares of Lucky Strike Entertainment stock in a transaction dated Friday, May 9th. The shares were purchased at an average price of $8.24 per share, with a total value of $25,000.16. Following the completion of the acquisition, the president now owns 69,295 shares in the company, valued at $570,990.80. The trade was a 4.58% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Lucky Strike Entertainment Trading Down 0.4%

Shares of NYSE LUCK opened at $9.12 on Thursday. The stock has a 50 day simple moving average of $9.26. The company has a market cap of $1.30 billion, a P/E ratio of -911.09 and a beta of 0.80. Lucky Strike Entertainment has a 12 month low of $7.66 and a 12 month high of $14.92.

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

Lucky Strike Entertainment Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 23rd will be given a $0.055 dividend. This represents a $0.22 annualized dividend and a yield of 2.41%. The ex-dividend date is Friday, May 23rd. Lucky Strike Entertainment’s dividend payout ratio is currently -314.29%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on LUCK shares. Truist Financial reduced their price target on Lucky Strike Entertainment from $14.00 to $11.00 and set a “buy” rating for the company in a report on Monday, April 14th. JPMorgan Chase & Co. reduced their target price on Lucky Strike Entertainment from $12.00 to $10.00 and set a “neutral” rating for the company in a report on Monday, April 14th. Canaccord Genuity Group restated a “buy” rating and issued a $16.00 target price (down from $18.00) on shares of Lucky Strike Entertainment in a report on Monday, May 5th. 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 report 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.