Brokerages Set Lucky Strike Entertainment (NYSE:LUCK) Target Price at $8.69

Lucky Strike Entertainment (NYSE:LUCK) has been assigned a consensus recommendation of “Hold” from the twelve research firms that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $8.6875.

A number of equities analysts recently issued reports on LUCK shares. Craig Hallum lowered Lucky Strike Entertainment from a “buy” rating to a “hold” rating and set a $6.50 price target on the stock. in a report on Thursday, May 7th. Weiss Ratings reiterated a “sell (d)” rating on shares of Lucky Strike Entertainment in a research note on Monday, May 4th. Citigroup began coverage on Lucky Strike Entertainment in a report on Monday, June 29th. They issued a “market perform” rating on the stock. Citizens Jmp initiated coverage on Lucky Strike Entertainment in a report on Monday, June 29th. They set a “market perform” rating for the company. Finally, JPMorgan Chase & Co. downgraded Lucky Strike Entertainment from a “neutral” rating to an “underweight” rating and decreased their price target for the stock from $8.00 to $6.00 in a report on Thursday, April 23rd.

Insider Buying and Selling at Lucky Strike Entertainment

In related news, insider Lev Ekster sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $8.47, for a total value of $25,410.00. Following the completion of the transaction, the insider directly owned 64,296 shares of the company’s stock, valued at $544,587.12. This trade represents a 4.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 84.20% of the stock is currently owned by company insiders.

Institutional Trading of Lucky Strike Entertainment

A number of hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC acquired a new position in shares of Lucky Strike Entertainment during the 2nd quarter valued at about $2,661,000. XTX Topco Ltd acquired a new position in Lucky Strike Entertainment during the second quarter worth approximately $123,000. Invesco Ltd. purchased a new position in Lucky Strike Entertainment during the second quarter worth approximately $114,000. Jane Street Group LLC purchased a new position in Lucky Strike Entertainment during the second quarter worth approximately $1,117,000. Finally, Bank of America Corp DE acquired a new position in shares of Lucky Strike Entertainment in the 2nd quarter valued at $94,000. Institutional investors and hedge funds own 68.11% of the company’s stock.

Lucky Strike Entertainment Stock Down 0.1%

NYSE LUCK opened at $7.29 on Monday. Lucky Strike Entertainment has a 52 week low of $5.70 and a 52 week high of $11.61. The stock has a market capitalization of $996.37 million, a PE ratio of -11.76 and a beta of 0.61. The firm has a 50 day moving average of $8.03 and a two-hundred day moving average of $8.22.

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

Lucky Strike Entertainment Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 22nd were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend was Friday, May 22nd. Lucky Strike Entertainment’s dividend payout ratio is currently -38.71%.

About Lucky Strike Entertainment

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.