Lucky Strike Entertainment (NYSE:LUCK) Shares Gap Down – Time to Sell?

Lucky Strike Entertainment (NYSE:LUCK)’s share price gapped down prior to trading on Friday . The stock had previously closed at $8.68, but opened at $8.49. Lucky Strike Entertainment shares last traded at $8.49, with a volume of 1,452 shares.

Analyst Ratings Changes

Several equities research analysts recently issued reports on LUCK shares. Jefferies Financial Group reiterated a “buy” rating and set a $18.00 price target on shares of Lucky Strike Entertainment in a report on Monday, December 15th. Wall Street Zen lowered shares of Lucky Strike Entertainment from a “hold” rating to a “sell” rating in a research note on Saturday, December 6th. Weiss Ratings reissued a “sell (d-)” rating on shares of Lucky Strike Entertainment in a research report on Monday. Zacks Research upgraded shares of Lucky Strike Entertainment from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 10th. Finally, Piper Sandler reduced their price objective on shares of Lucky Strike Entertainment from $10.00 to $9.00 and set a “neutral” rating for the company in a research report on Monday, November 10th. Four research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $12.57.

Lucky Strike Entertainment Price Performance

The firm has a market cap of $1.16 billion, a PE ratio of -21.82 and a beta of 0.71. The business’s fifty day moving average is $8.29 and its 200-day moving average is $9.35.

Lucky Strike Entertainment (NYSE:LUCK) last released its earnings results on Wednesday, May 17th. The company reported $0.27 earnings per share for the quarter. The company had revenue of $257.82 million during the quarter. Analysts forecast that Lucky Strike Entertainment will post 0.43 EPS for the current year.

Insiders Place Their Bets

In other news, Director Richard Meynard Born bought 30,000 shares of the firm’s stock in a transaction on Friday, November 28th. The stock was acquired at an average cost of $8.09 per share, with a total value of $242,700.00. Following the completion of the transaction, the director directly owned 30,000 shares of the company’s stock, valued at $242,700. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders acquired 32,401 shares of company stock worth $262,149 over the last three months. 84.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Diversified Trust Co purchased a new stake in Lucky Strike Entertainment in the 2nd quarter worth about $267,000. Farther Finance Advisors LLC bought a new stake in shares of Lucky Strike Entertainment in the second quarter valued at approximately $30,000. Bfsg LLC purchased a new stake in shares of Lucky Strike Entertainment during the 2nd quarter valued at approximately $137,000. North Star Investment Management Corp. bought a new position in Lucky Strike Entertainment in the 2nd quarter worth approximately $552,000. Finally, Dakota Wealth Management purchased a new position in Lucky Strike Entertainment in the 2nd quarter valued at approximately $238,000. Institutional investors own 68.11% of the company’s stock.

Lucky Strike Entertainment Company Profile

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. Shannon in 1997 and is headquartered in Mechanicsville, VA.