Lucky Strike Entertainment (NYSE:LUCK) Stock: Insider John Alan Young Buys 8,049 Shares

Lucky Strike Entertainment (NYSE:LUCK) Director John Young bought 8,049 shares of the business’s stock in a transaction on Wednesday, November 11th. The stock was bought at an average price of $3.39 per share, for a total transaction of $27,286.11. Following the purchase, the director directly owned 113,863 shares of the company’s stock, valued at $385,995.57. The trade was a 7.61% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Thursday, November 12th, John Young bought 2,600 shares of Lucky Strike Entertainment stock. The stock was purchased at an average price of $3.06 per share, with a total value of $7,956.00.
• On Tuesday, November 10th, John Young purchased 1,100 shares of Lucky Strike Entertainment stock. The shares were purchased at an average cost of $3.42 per share, with a total value of $3,762.00.
• On Monday, November 9th, John Young purchased 7,453 shares of Lucky Strike Entertainment stock. The shares were purchased at an average cost of $3.74 per share, with a total value of $27,874.22.
• On Friday, November 6th, John Young purchased 7,543 shares of Lucky Strike Entertainment stock. The stock was purchased at an average price of $3.86 per share, for a total transaction of $29,115.98.
• On Tuesday, September 1st, John Young purchased 1,000 shares of Lucky Strike Entertainment stock. The stock was purchased at an average price of $614.00 per share, for a total transaction of $614,000.00.
• On Monday, August 31st, John Young acquired 400 shares of Lucky Strike Entertainment stock. The stock was purchased at an average cost of $6.25 per share, for a total transaction of $2,500.00.
• On Friday, August 28th, John Young acquired 2,800 shares of Lucky Strike Entertainment stock. The shares were purchased at an average price of $6.23 per share, with a total value of $17,444.00.

Lucky Strike Entertainment Stock Up 11.1%

Shares of NYSE LUCK traded up $0.34 during trading hours on Friday, hitting $3.46. 293,658 shares of the stock were exchanged, compared to its average volume of 116,826. The company has a market cap of $472.38 million, a PE ratio of -8.06 and a beta of 0.71. The firm has a fifty day moving average price of $4.84 and a 200-day moving average price of $7.02. Lucky Strike Entertainment has a 12 month low of $2.93 and a 12 month high of $9.59.

Lucky Strike Entertainment (NYSE:LUCK) last announced its earnings results on Thursday, November 5th. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.10). The business had revenue of $302.64 million for the quarter, compared to the consensus estimate of $297.79 million. As a group, equities analysts anticipate that Lucky Strike Entertainment will post -0.14 earnings per share for the current fiscal year.

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 given a dividend of $0.06 per share. The ex-dividend date of this dividend was Tuesday, September 8th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 6.9%. Lucky Strike Entertainment’s dividend payout ratio is presently -55.81%.

Hedge Funds Weigh In On Lucky Strike Entertainment

Several hedge funds have recently made changes to their positions in the company. Squarepoint Ops LLC increased its holdings 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 purchasing an additional 9,112 shares during the period. Great Lakes Advisors LLC purchased a new position in shares of Lucky Strike Entertainment in the second quarter worth about $1,361,000. Finally, Rice Hall James & Associates LLC lifted 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. 68.11% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently weighed in on LUCK shares. Stifel Nicolaus lowered their price objective on 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. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Lucky Strike Entertainment in a research report on Thursday, October 29th. Jefferies Financial Group set a $10.00 target price on Lucky Strike Entertainment in a research report on Thursday, August 27th. Roth Capital set a $6.50 price target on Lucky Strike Entertainment in a research note on Friday, August 28th. Finally, Truist Financial lowered their price target on Lucky Strike Entertainment from $9.00 to $8.00 and set a “buy” rating for the company in a report on Friday, October 23rd. Four research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $8.06.

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.