Lucky Strike Entertainment (NYSE:LUCK) Issues Earnings Results

Lucky Strike Entertainment (NYSE:LUCK) posted its quarterly earnings results on Thursday. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.10), FiscalAI reports. The business had revenue of $302.64 million during the quarter, compared to the consensus estimate of $297.79 million.

Lucky Strike Entertainment Trading Up 3.5%

NYSE:LUCK traded up $0.13 on Friday, hitting $3.88. 10,130 shares of the stock were exchanged, compared to its average volume of 123,532. The stock has a market cap of $528.96 million, a PE ratio of -11.41 and a beta of 0.71. The stock has a fifty day moving average of $5.17 and a 200-day moving average of $7.18. Lucky Strike Entertainment has a fifty-two week low of $3.57 and a fifty-two week high of $9.59.

Lucky Strike Entertainment Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 22nd. Shareholders of record on Tuesday, September 8th were paid a dividend of $0.06 per share. The ex-dividend date was Tuesday, September 8th. This represents a $0.24 annualized dividend and a yield of 6.2%. Lucky Strike Entertainment’s dividend payout ratio is currently -70.59%.

Insider Activity

In other Lucky Strike Entertainment news, Director Sandeep Mathrani purchased 9,350 shares of the business’s stock in a transaction that occurred on Friday, August 28th. The shares were purchased at an average price of $6.41 per share, for a total transaction of $59,933.50. Following the completion of the acquisition, the director owned 9,350 shares of the company’s stock, valued at approximately $59,933.50. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Thomas F. Shannon purchased 30,000 shares of Lucky Strike Entertainment stock in a transaction on Wednesday, September 9th. The shares were acquired at an average cost of $5.86 per share, for a total transaction of $175,800.00. Following the completion of the transaction, the chief executive officer owned 3,144,000 shares of the company’s stock, valued at $18,423,840. This represents a 0.96% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders bought a total of 43,537 shares of company stock worth $261,064 over the last ninety days. Corporate insiders own 84.20% of the company’s stock.

Lucky Strike Entertainment News Summary

Here are the key news stories impacting Lucky Strike Entertainment this week:

• Positive Sentiment: Lucky Strike reaffirmed its fiscal 2027 EBITDA guidance of $340 million to $360 million and said it is targeting about $100 million in debt reduction. Lucky Strike reaffirms fiscal 2027 EBITDA guidance and debt-reduction target
• Neutral Sentiment: Fiscal Q1 revenue was $302.64 million, above analysts’ $297.79 million estimate, though the beat was modest. The company also issued fiscal 2027 revenue guidance of about $1.3 billion, in line with consensus. Lucky Strike reports first-quarter results
• Negative Sentiment: The company lost $0.21 per share, worse than the $0.11 loss analysts expected and the $0.12 loss a year earlier. The earnings miss, alongside the suspension of its dividend, appears to be weighing on investor sentiment; suspending the payout also removes a source of shareholder income. Lucky Strike reports Q1 loss, beats revenue estimates Lucky Strike after dividend suspension

Analyst Ratings Changes

Several brokerages have recently weighed in on LUCK. Weiss Ratings reiterated a “sell (d)” rating on shares of Lucky Strike Entertainment in a report on Thursday, October 29th. Jefferies Financial Group set a $10.00 target price on shares of Lucky Strike Entertainment in a report on Thursday, August 27th. Roth Capital set a $6.50 target price on shares of Lucky Strike Entertainment in a report on Friday, August 28th. Stifel Nicolaus dropped their price target on shares of Lucky Strike Entertainment from $9.00 to $8.00 and set a “buy” rating for the company in a research report on Friday, August 28th. Finally, Truist Financial cut their price target 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, October 23rd. Four equities 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 stock. According to data from MarketBeat.com, Lucky Strike Entertainment has a consensus rating of “Hold” and a consensus price target 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.