Lucky Strike Entertainment (NYSE:LUCK) Receives $12.57 Consensus Target Price from Analysts

Shares of Lucky Strike Entertainment (NYSE:LUCK) have received an average rating of “Hold” from the nine ratings firms that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $12.5714.

Several research firms have recently weighed in on LUCK. Piper Sandler dropped their price target on shares of Lucky Strike Entertainment from $10.00 to $9.00 and set a “neutral” rating for the company in a research note on Monday, November 10th. Weiss Ratings reissued a “sell (d-)” rating on shares of Lucky Strike Entertainment in a research note on Monday, December 29th. Jefferies Financial Group restated a “buy” rating and issued a $18.00 target price on shares of Lucky Strike Entertainment in a research report on Monday, December 15th. Finally, Wall Street Zen upgraded Lucky Strike Entertainment from a “sell” rating to a “hold” rating in a report on Saturday, January 10th.

Lucky Strike Entertainment Stock Performance

Shares of Lucky Strike Entertainment stock opened at $9.23 on Monday. The firm’s 50 day simple moving average is $8.48 and its two-hundred day simple moving average is $9.31. The firm has a market capitalization of $1.29 billion, a price-to-earnings ratio of -24.29 and a beta of 0.71. Lucky Strike Entertainment has a 12-month low of $6.96 and a 12-month high of $13.25.

Lucky Strike Entertainment (NYSE:LUCK) last issued its earnings results on Tuesday, November 4th. The company reported ($0.12) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.15) by $0.03. The business had revenue of $292.28 million for the quarter, compared to analysts’ expectations of $282.98 million. On average, sell-side analysts predict that Lucky Strike Entertainment will post 0.43 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Richard Meynard Born acquired 30,000 shares of Lucky Strike Entertainment stock in a transaction dated Friday, November 28th. The shares were acquired at an average cost of $8.09 per share, for a total transaction of $242,700.00. Following the completion of the purchase, the director owned 30,000 shares in the company, valued at approximately $242,700. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last quarter, insiders have purchased 32,401 shares of company stock worth $262,149. 84.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Lucky Strike Entertainment

A number of institutional investors and hedge funds have recently bought and sold shares of LUCK. Champlain Investment Partners LLC purchased a new stake in shares of Lucky Strike Entertainment during the second quarter worth approximately $23,774,000. Private Management Group Inc. purchased a new position in Lucky Strike Entertainment during the 2nd quarter worth $17,143,000. Systematic Financial Management LP acquired a new stake in shares of Lucky Strike Entertainment in the 2nd quarter worth $5,785,000. Millennium Management LLC lifted its stake in shares of Lucky Strike Entertainment by 291.5% in the 3rd quarter. Millennium Management LLC now owns 412,218 shares of the company’s stock worth $4,221,000 after acquiring an additional 306,931 shares during the period. Finally, Primecap Management Co. CA purchased a new stake in shares of Lucky Strike Entertainment in the second quarter valued at about $2,985,000. 68.11% of the stock is owned by hedge funds and other institutional investors.

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. Shannon in 1997 and is headquartered in Mechanicsville, VA.