Lucky Strike Entertainment (LUCK) Projected to Post Earnings on Thursday

Lucky Strike Entertainment (NYSE:LUCK) will likely be posting its results before the market opens on Thursday, November 5th. Analysts expect Lucky Strike Entertainment to announce earnings of ($0.11) per share and revenue of $297.79 million for the quarter.

Lucky Strike Entertainment (NYSE:LUCK) last announced its quarterly earnings data on Thursday, August 27th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.15). The business had revenue of $303.95 million for the quarter, compared to analyst estimates of $311.30 million. On average, analysts expect Lucky Strike Entertainment to post ($0.02) EPS for the current fiscal year and $0.22 EPS for the next fiscal year.

Lucky Strike Entertainment Price Performance

Shares of NYSE:LUCK opened at $4.13 on Tuesday. Lucky Strike Entertainment has a 1 year low of $3.76 and a 1 year high of $9.59. The business has a 50 day simple moving average of $5.33 and a two-hundred day simple moving average of $7.25. The firm has a market capitalization of $562.77 million, a PE ratio of -12.14 and a beta of 0.66.

Lucky Strike Entertainment Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 22nd. Stockholders of record on Tuesday, September 8th were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 5.8%. The ex-dividend date was Tuesday, September 8th. Lucky Strike Entertainment’s dividend payout ratio is presently -70.59%.

Insider Activity at Lucky Strike Entertainment

In related news, Director Sandeep Mathrani purchased 9,350 shares of the firm’s stock in a transaction dated Friday, August 28th. The stock was purchased at an average price of $6.41 per share, with a total value of $59,933.50. Following the completion of the purchase, the director owned 9,350 shares of the company’s stock, valued at approximately $59,933.50. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Thomas Shannon purchased 30,000 shares of the stock in a transaction that occurred on Wednesday, September 9th. The stock was purchased at an average price of $5.86 per share, with a total value of $175,800.00. Following the acquisition, the chief executive officer directly owned 3,144,000 shares of the company’s stock, valued at $18,423,840. This trade represents a 0.96% increase in their position. The SEC filing for this purchase provides additional information. Insiders have bought 43,537 shares of company stock valued at $261,064 in the last ninety days. Insiders own 61.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on LUCK. Stifel Nicolaus decreased their price target on Lucky Strike Entertainment from $9.00 to $8.00 and set a “buy” rating for the company in a research note on Friday, August 28th. Roth Capital set a $6.50 price objective on Lucky Strike Entertainment in a research report on Friday, August 28th. Truist Financial reduced their target price on Lucky Strike Entertainment from $9.00 to $8.00 and set a “buy” rating on the stock in a research note on Friday, October 23rd. Zacks Research upgraded Lucky Strike Entertainment from a “strong sell” rating to a “hold” rating in a research note on Monday, October 26th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Lucky Strike Entertainment in a research report on Thursday. Four research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $8.17.

Lucky Strike Entertainment Company Profile

Lucky Strike Entertainment Corp. is an operator of location-based entertainment venues centered on bowling. The company provides recreational and social experiences through bowling lanes, arcade games, food and beverage offerings, and spaces for parties, corporate events and other group gatherings.

The company operates venues under brands that include Lucky Strike, Bowlero and AMF, serving customers across the United States and Canada. Its locations range from upscale entertainment venues to traditional bowling centers, with offerings designed for families, casual visitors, league bowlers and private-event guests.

Lucky Strike Entertainment was previously known as Bowlero Corp.