Thomas Shannon Acquires 30,000 Shares of Lucky Strike Entertainment (NYSE:LUCK) Stock

Lucky Strike Entertainment (NYSE:LUCK) CEO Thomas Shannon purchased 30,000 shares of Lucky Strike Entertainment stock in a transaction that occurred on Wednesday, September 9th. The stock was acquired at an average price of $5.86 per share, with a total value of $175,800.00. Following the transaction, the chief executive officer owned 3,144,000 shares in the company, valued at $18,423,840. The trade was a 0.96% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Lucky Strike Entertainment Price Performance

Shares of NYSE:LUCK opened at $5.51 on Friday. Lucky Strike Entertainment has a 1-year low of $5.34 and a 1-year high of $10.82. The stock has a market cap of $751.18 million, a P/E ratio of -16.21 and a beta of 0.62. The firm has a fifty day moving average price of $6.78 and a 200 day moving average price of $7.69.

Lucky Strike Entertainment (NYSE:LUCK) last posted its quarterly earnings data on Thursday, August 27th. The company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.15). The business had revenue of $303.95 million for the quarter, compared to the consensus estimate of $311.30 million. Sell-side analysts expect that Lucky Strike Entertainment will post -0.02 EPS for the current fiscal year.

Lucky Strike Entertainment Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 22nd. Shareholders of record on Tuesday, September 8th will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a $0.24 annualized dividend and a yield of 4.4%. Lucky Strike Entertainment’s dividend payout ratio is currently -70.59%.

Hedge Funds Weigh In On Lucky Strike Entertainment

A number of large investors have recently modified their holdings of the business. State of Wyoming acquired a new stake in shares of Lucky Strike Entertainment in the 4th quarter valued at approximately $74,000. Bank of America Corp DE acquired a new position in Lucky Strike Entertainment during the second quarter worth $94,000. Invesco Ltd. acquired a new position in Lucky Strike Entertainment during the second quarter worth $114,000. Jain Global LLC purchased a new position in Lucky Strike Entertainment in the third quarter worth $121,000. Finally, XTX Topco Ltd purchased a new position in Lucky Strike Entertainment in the second quarter worth $123,000. 68.11% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

LUCK has been the topic of a number of recent research reports. Roth Capital set a $6.50 target price on Lucky Strike Entertainment in a report on Friday, August 28th. Truist Financial set a $10.00 price objective on shares of Lucky Strike Entertainment in a research report on Thursday, August 27th. Stifel Nicolaus dropped their price objective on shares of Lucky Strike Entertainment from $9.00 to $8.00 and set a “buy” rating on the stock in a research note on Friday, August 28th. Weiss Ratings restated a “sell (d)” rating on shares of Lucky Strike Entertainment in a research report on Friday, July 31st. Finally, Zacks Research cut shares of Lucky Strike Entertainment from a “hold” rating to a “strong sell” rating in a research note on Monday, August 31st. Four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, Lucky Strike Entertainment presently has a consensus rating of “Hold” and an average price target of $8.39.

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.