Truist Financial Cuts Lucky Strike Entertainment (NYSE:LUCK) Price Target to $9.00

Lucky Strike Entertainment (NYSE:LUCK) had its price target trimmed by Truist Financial from $10.00 to $9.00 in a research report sent to investors on Monday morning, Marketbeat Ratings reports. The firm currently has a buy rating on the stock.

LUCK has been the subject of a number of other research reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Lucky Strike Entertainment in a report on Monday, May 4th. Citizens Jmp started coverage on Lucky Strike Entertainment in a research note on Monday, June 29th. They issued a “market perform” rating on the stock. Jefferies Financial Group set a $12.00 price target on Lucky Strike Entertainment in a research report on Wednesday, May 6th. Wall Street Zen raised Lucky Strike Entertainment from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 20th. Finally, Stifel Nicolaus set a $9.00 price objective on Lucky Strike Entertainment in a research note on Thursday, May 7th. 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 company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $8.72.

Lucky Strike Entertainment Trading Down 0.6%

Shares of NYSE LUCK opened at $7.14 on Monday. Lucky Strike Entertainment has a 1 year low of $5.70 and a 1 year high of $11.61. The firm’s 50-day moving average is $7.94 and its 200-day moving average is $8.14. The firm has a market capitalization of $975.33 million, a PE ratio of -11.51 and a beta of 0.62.

Lucky Strike Entertainment (NYSE:LUCK) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.07). The company had revenue of $342.23 million for the quarter, compared to analyst estimates of $353.77 million. As a group, equities research analysts anticipate that Lucky Strike Entertainment will post -0.2 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 Friday, June 5th. Stockholders of record on Friday, May 22nd were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $0.24 dividend on an annualized basis and a dividend yield of 3.4%. Lucky Strike Entertainment’s dividend payout ratio (DPR) is currently -38.71%.

Hedge Funds Weigh In On Lucky Strike Entertainment

Several institutional investors have recently modified their holdings of LUCK. Private Management Group Inc. increased its stake in Lucky Strike Entertainment by 2.6% during the 4th quarter. Private Management Group Inc. now owns 1,911,134 shares of the company’s stock worth $16,187,000 after purchasing an additional 48,093 shares in the last quarter. Rice Hall James & Associates LLC raised its holdings in Lucky Strike Entertainment by 52.7% during the 1st quarter. Rice Hall James & Associates LLC now owns 481,189 shares of the company’s stock worth $4,003,000 after buying an additional 166,104 shares during the period. Millennium Management LLC lifted its stake in Lucky Strike Entertainment by 291.5% in the third quarter. Millennium Management LLC now owns 412,218 shares of the company’s stock valued at $4,221,000 after buying an additional 306,931 shares in the last quarter. Geode Capital Management LLC bought a new position in Lucky Strike Entertainment in the second quarter valued at approximately $2,661,000. Finally, UBS Group AG boosted its holdings in shares of Lucky Strike Entertainment by 46.7% in the third quarter. UBS Group AG now owns 172,518 shares of the company’s stock valued at $1,767,000 after buying an additional 54,919 shares during the period. Institutional investors own 68.11% of the company’s stock.

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