Lucky Strike Entertainment (NYSE:LUCK) Receives Average Recommendation of “Hold” from Brokerages

Shares of Lucky Strike Entertainment (NYSE:LUCK) have been assigned an average recommendation of “Hold” from the seven brokerages that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $12.20.

Several equities analysts recently commented on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Lucky Strike Entertainment in a report on Saturday, September 27th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $16.00 target price on shares of Lucky Strike Entertainment in a report on Friday, August 29th. Stifel Nicolaus increased their target price on shares of Lucky Strike Entertainment from $12.00 to $13.00 and gave the company a “buy” rating in a report on Friday, August 29th. Zacks Research raised shares of Lucky Strike Entertainment from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 10th. Finally, Roth Capital reissued a “neutral” rating and issued a $11.00 price target on shares of Lucky Strike Entertainment in a report on Friday, August 29th.

Insider Transactions at Lucky Strike Entertainment

In other news, President Lev Ekster purchased 2,505 shares of the business’s stock in a transaction on Friday, September 5th. The shares were acquired at an average price of $9.99 per share, with a total value of $25,024.95. Following the acquisition, the president directly owned 71,800 shares in the company, valued at approximately $717,282. The trade was a 3.61% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last 90 days, insiders have acquired 5,179 shares of company stock valued at $51,627. 79.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On Lucky Strike Entertainment

A number of large investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC purchased a new stake in shares of Lucky Strike Entertainment in the 2nd quarter worth about $30,000. Spire Wealth Management purchased a new stake in shares of Lucky Strike Entertainment in the 2nd quarter worth about $42,000. PNC Financial Services Group Inc. purchased a new stake in shares of Lucky Strike Entertainment in the 2nd quarter worth about $50,000. GatePass Capital LLC purchased a new stake in shares of Lucky Strike Entertainment in the 2nd quarter worth about $91,000. Finally, Bank of America Corp DE purchased a new stake in shares of Lucky Strike Entertainment in the 2nd quarter worth about $94,000. Institutional investors own 68.11% of the company’s stock.

Lucky Strike Entertainment Stock Performance

LUCK stock opened at $10.59 on Friday. Lucky Strike Entertainment has a 52 week low of $7.66 and a 52 week high of $13.25. The firm’s fifty day moving average is $10.06 and its 200 day moving average is $9.59. The firm has a market cap of $1.48 billion, a P/E ratio of -81.46 and a beta of 0.74.

Lucky Strike Entertainment (NYSE:LUCK) last released its earnings results on Thursday, August 28th. The company reported ($0.49) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.42). Lucky Strike Entertainment had a negative net margin of 0.83% and a negative return on equity of 23.31%. The business had revenue of $301.18 million for the quarter, compared to the consensus estimate of $295.07 million. Lucky Strike Entertainment has set its FY 2025 guidance at EPS. As a group, analysts forecast that Lucky Strike Entertainment will post 0.43 EPS for the current year.

Lucky Strike Entertainment Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 29th were issued a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Friday, August 29th. Lucky Strike Entertainment’s dividend payout ratio (DPR) is -169.23%.

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.