Bleakley Financial Group LLC Purchases Shares of 25,780 Lucky Strike Entertainment $LUCK

Bleakley Financial Group LLC purchased a new stake in shares of Lucky Strike Entertainment (NYSE:LUCK) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 25,780 shares of the company’s stock, valued at approximately $235,000.

A number of other large investors have also added to or reduced their stakes in the company. Taylor Frigon Capital Management LLC purchased a new stake in Lucky Strike Entertainment during the second quarter valued at about $1,731,000. Dakota Wealth Management purchased a new stake in Lucky Strike Entertainment during the second quarter valued at about $238,000. North Star Investment Management Corp. purchased a new stake in Lucky Strike Entertainment during the second quarter valued at about $552,000. Bfsg LLC purchased a new stake in Lucky Strike Entertainment during the second quarter valued at about $137,000. Finally, Farther Finance Advisors LLC bought a new position in shares of Lucky Strike Entertainment during the second quarter valued at about $30,000. Hedge funds and other institutional investors own 68.11% of the company’s stock.

Lucky Strike Entertainment Price Performance

NYSE LUCK opened at $8.37 on Monday. The stock has a market capitalization of $1.17 billion, a PE ratio of -64.38 and a beta of 0.74. Lucky Strike Entertainment has a 1 year low of $7.66 and a 1 year high of $13.25. The business’s 50-day moving average is $9.94 and its 200 day moving average is $9.59.

Lucky Strike Entertainment (NYSE:LUCK) last posted its earnings results on Wednesday, May 17th. The company reported $0.27 earnings per share (EPS) for the quarter. The company had revenue of $257.82 million for the quarter. Lucky Strike Entertainment had a negative return on equity of 23.31% and a negative net margin of 0.83%. As a group, equities research analysts anticipate that Lucky Strike Entertainment will post 0.43 earnings per share for the current year.

Lucky Strike Entertainment Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 29th were paid a $0.055 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.22 annualized dividend and a dividend yield of 2.6%. Lucky Strike Entertainment’s dividend payout ratio (DPR) is presently -169.23%.

Insider Activity

In other Lucky Strike Entertainment news, President Lev Ekster bought 2,505 shares of the business’s stock in a transaction that occurred on Friday, September 5th. The shares were bought at an average cost of $9.99 per share, with a total value of $25,024.95. Following the completion of the purchase, the president directly owned 71,800 shares of the company’s stock, valued at $717,282. This trade represents a 3.61% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders bought 5,179 shares of company stock valued at $51,627 over the last quarter. 79.90% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on LUCK. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Lucky Strike Entertainment in a research note on Saturday. Zacks Research raised Lucky Strike Entertainment from a “strong sell” rating to a “hold” rating in a research note on Wednesday, September 10th. Stifel Nicolaus raised their price objective on Lucky Strike Entertainment from $12.00 to $13.00 and gave the company a “buy” rating in a research note on Friday, August 29th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $16.00 price objective on shares of Lucky Strike Entertainment in a research note on Friday, August 29th. Finally, Roth Capital reaffirmed a “neutral” rating and set a $11.00 price objective on shares of Lucky Strike Entertainment in a research note on Friday, August 29th. Three analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Lucky Strike Entertainment presently has an average rating of “Hold” and a consensus target price of $12.20.

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.