Lucky Strike Entertainment (NYSE:LUCK) Stock: Insider John Alan Young Acquires 7,453 Shares

Lucky Strike Entertainment (NYSE:LUCK) Director John Young purchased 7,453 shares of Lucky Strike Entertainment stock in a transaction on Monday, November 9th. The shares were purchased at an average cost of $3.74 per share, with a total value of $27,874.22. Following the transaction, the director owned 104,714 shares in the company, valued at approximately $391,630.36. The trade was a 7.66% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

John Alan Young also recently made the following trade(s):

• On Friday, November 6th, John Young purchased 7,543 shares of Lucky Strike Entertainment stock. The shares were acquired at an average cost of $3.86 per share, with a total value of $29,115.98.
• On Tuesday, September 1st, John Young acquired 1,000 shares of Lucky Strike Entertainment stock. The stock was acquired at an average price of $614.00 per share, for a total transaction of $614,000.00.
• On Monday, August 31st, John Young bought 400 shares of Lucky Strike Entertainment stock. The shares were acquired at an average price of $6.25 per share, with a total value of $2,500.00.
• On Friday, August 28th, John Young acquired 2,800 shares of Lucky Strike Entertainment stock. The stock was bought at an average price of $6.23 per share, with a total value of $17,444.00.

Lucky Strike Entertainment Stock Performance

LUCK opened at $3.42 on Wednesday. The business’s 50-day simple moving average is $5.01 and its 200 day simple moving average is $7.10. Lucky Strike Entertainment has a 52-week low of $3.31 and a 52-week high of $9.59. The firm has a market capitalization of $466.79 million, a PE ratio of -7.96 and a beta of 0.71.

Lucky Strike Entertainment (NYSE:LUCK) last posted its quarterly earnings results on Thursday, November 5th. The company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.10). The business had revenue of $302.64 million during the quarter, compared to analysts’ expectations of $297.79 million. On average, research analysts forecast that Lucky Strike Entertainment will post -0.07 earnings per share for the current year.

Lucky Strike Entertainment Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 22nd. Shareholders of record on Tuesday, September 8th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 7.0%. The ex-dividend date of this dividend was Tuesday, September 8th. Lucky Strike Entertainment’s dividend payout ratio is -55.81%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on LUCK shares. Zacks Research raised shares of Lucky Strike Entertainment from a “strong sell” rating to a “hold” rating in a report on Monday, October 26th. Truist Financial dropped their price target 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. Weiss Ratings restated a “sell (d)” rating on shares of Lucky Strike Entertainment in a research note on Thursday, October 29th. Jefferies Financial Group set a $10.00 price target on shares of Lucky Strike Entertainment in a research note on Thursday, August 27th. Finally, Stifel Nicolaus cut their price objective 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. Four equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Lucky Strike Entertainment presently has an average rating of “Hold” and a consensus target price of $8.06.

Institutional Trading of Lucky Strike Entertainment

A number of institutional investors have recently bought and sold shares of the business. Rice Hall James & Associates LLC increased its holdings in shares of Lucky Strike Entertainment by 52.7% during the first quarter. Rice Hall James & Associates LLC now owns 481,189 shares of the company’s stock worth $4,003,000 after purchasing an additional 166,104 shares during the period. Great Lakes Advisors LLC acquired a new stake in shares of Lucky Strike Entertainment in the second quarter valued at approximately $1,361,000. Finally, Squarepoint Ops LLC boosted its stake in shares of Lucky Strike Entertainment by 69.8% in the second quarter. Squarepoint Ops LLC now owns 22,158 shares of the company’s stock valued at $166,000 after buying an additional 9,112 shares during the period. Institutional investors own 68.11% of the company’s stock.

Lucky Strike Entertainment Company Profile

Lucky Strike Entertainment operates bowling and entertainment venues across the United States and Canada. Its locations offer bowling alongside attractions such as arcade games and laser tag, as well as food and beverage services. The company serves both individual customers and groups, hosting birthday parties, corporate events and bowling leagues. Its venues operate under brands including Lucky Strike, Bowlero and AMF. Previously known as Bowlero Corp., the company adopted the Lucky Strike Entertainment name in 2024.