Lucky Strike Entertainment (NYSE:LUCK) Now Covered by Analysts at Citizens Jmp

Equities researchers at Citizens Jmp began coverage on shares of Lucky Strike Entertainment (NYSE:LUCK) in a research note issued on Monday,Benzinga reports. The brokerage set a “market perform” rating on the stock.

Other analysts have also recently issued reports about the company. Citigroup began coverage on Lucky Strike Entertainment in a research report on Monday. They set a “market perform” rating for the company. Stifel Nicolaus set a $9.00 price target on Lucky Strike Entertainment in a research note on Thursday, May 7th. Jefferies Financial Group set a $12.00 price target on Lucky Strike Entertainment in a report on Wednesday, May 6th. UBS Group cut shares of Lucky Strike Entertainment to a “hold” rating and set a $6.50 target price for the company. in a research note on Thursday, May 7th. Finally, Craig Hallum downgraded shares of Lucky Strike Entertainment from a “buy” rating to a “hold” rating and set a $6.50 target price on the stock. in a report on Thursday, May 7th. Three equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Lucky Strike Entertainment has a consensus rating of “Hold” and an average price target of $8.69.

Lucky Strike Entertainment Price Performance

Shares of NYSE:LUCK opened at $7.87 on Monday. Lucky Strike Entertainment has a 1-year low of $5.70 and a 1-year high of $11.61. The stock has a market cap of $1.08 billion, a P/E ratio of -12.75 and a beta of 0.60. The firm has a fifty day moving average price of $8.14 and a 200 day moving average price of $8.32.

Lucky Strike Entertainment (NYSE:LUCK) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.07). The business had revenue of $342.23 million for the quarter, compared to the consensus estimate of $353.77 million. Sell-side analysts expect that Lucky Strike Entertainment will post -0.2 EPS for the current fiscal year.

Insider Activity at Lucky Strike Entertainment

In related news, insider Lev Ekster sold 3,000 shares of the business’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $8.47, for a total transaction of $25,410.00. Following the sale, the insider owned 64,296 shares of the company’s stock, valued at approximately $544,587.12. The trade was a 4.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 84.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in LUCK. State of Wyoming purchased a new position in Lucky Strike Entertainment in the 4th quarter valued at approximately $74,000. Bank of America Corp DE purchased a new stake in Lucky Strike Entertainment during the second quarter worth $94,000. Invesco Ltd. purchased a new stake in Lucky Strike Entertainment during the second quarter worth $114,000. Jain Global LLC acquired a new stake in Lucky Strike Entertainment in the third quarter valued at $121,000. Finally, R Squared Ltd acquired a new stake in Lucky Strike Entertainment in the third quarter valued at $123,000. 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.