Lucky Strike Entertainment (NYSE:LUCK) Given Consensus Recommendation of "Hold" by Brokerages

Key Points

• Analyst sentiment is neutral: Thirteen brokerages rate Lucky Strike Entertainment an average “Hold,” with three sells, six holds, and four buys. The average 12-month price target is $8.39, above the stock’s recent $5.51 price.
• Recent performance fell short of expectations: The company reported a quarterly loss of $0.20 per share versus the consensus loss estimate of $0.05, while revenue of $303.95 million also missed estimates.
• Insiders have been buying shares: Company insiders purchased 43,150 shares worth approximately $258,948 over the past 90 days, while insiders collectively own 84.2% of the stock. Lucky Strike also declared a quarterly dividend of $0.06 per share, implying a 4.4% annualized yield.

Lucky Strike Entertainment (NYSE:LUCK - Get Free Report) has earned an average recommendation of "Hold" from the thirteen brokerages that are covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $8.3889.

LUCK has been the topic of several research analyst reports. Zacks Research downgraded Lucky Strike Entertainment from a "hold" rating to a "strong sell" rating in a research note on Monday, August 31st. Roth Capital set a $6.50 price target on shares of Lucky Strike Entertainment in a research report on Friday, August 28th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Lucky Strike Entertainment in a report on Friday, July 31st. Jefferies Financial Group set a $10.00 price objective on shares of Lucky Strike Entertainment in a research note on Thursday, August 27th. Finally, Truist Financial set a $10.00 target price on shares of Lucky Strike Entertainment in a research report on Thursday, August 27th.

Insider Activity at Lucky Strike Entertainment

In other news, Director Sandeep Mathrani acquired 9,350 shares of the company's stock in a transaction dated Friday, August 28th. The stock was acquired at an average cost of $6.41 per share, with a total value of $59,933.50. Following the completion of the purchase, the director owned 9,350 shares of the company's stock, valued at $59,933.50. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Thomas Shannon bought 30,000 shares of the firm's stock in a transaction that occurred on Wednesday, September 9th. The stock was bought at an average price of $5.86 per share, with a total value of $175,800.00. Following the completion of the acquisition, the chief executive officer owned 3,144,000 shares of the company's stock, valued at $18,423,840. This trade represents a 0.96% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders have bought 43,150 shares of company stock worth $258,948. Corporate insiders own 84.20% of the company's stock.

Institutional Trading of Lucky Strike Entertainment

Several institutional investors and hedge funds have recently modified their holdings of LUCK. Private Management Group Inc. grew its holdings in shares of Lucky Strike Entertainment by 2.6% during the fourth quarter. Private Management Group Inc. now owns 1,911,134 shares of the company's stock worth $16,187,000 after buying an additional 48,093 shares in the last quarter. Rice Hall James & Associates LLC lifted its stake in shares of 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 purchasing an additional 166,104 shares during the period. Great Lakes Advisors LLC acquired a new stake in shares of Lucky Strike Entertainment during the second quarter worth $1,361,000. Maven Securities LTD purchased a new stake in shares of Lucky Strike Entertainment in the fourth quarter valued at $1,036,000. Finally, MYDA Advisors LLC purchased a new stake in shares of Lucky Strike Entertainment in the fourth quarter valued at $424,000. Hedge funds and other institutional investors own 68.11% of the company's stock.

Lucky Strike Entertainment Price Performance

Shares of LUCK opened at $5.51 on Friday. Lucky Strike Entertainment has a 1-year low of $5.30 and a 1-year high of $10.82. The company has a 50-day moving average of $6.56 and a 200 day moving average of $7.58. The firm has a market capitalization of $750.77 million, a price-to-earnings ratio of -16.20 and a beta of 0.62.

Lucky Strike Entertainment (NYSE:LUCK - Get Free Report) last issued its earnings results on Thursday, August 27th. The company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.15). The business had revenue of $303.95 million during the quarter, compared to analyst estimates of $311.30 million. On average, equities analysts anticipate that Lucky Strike Entertainment will post -0.02 earnings per share for the current fiscal year.

Lucky Strike Entertainment Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 22nd. Shareholders of record on Tuesday, September 8th will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend is Tuesday, September 8th. Lucky Strike Entertainment's dividend payout ratio (DPR) is presently -70.59%.

Lucky Strike Entertainment Company Profile

Lucky Strike Entertainment Inc NYSE: LUCK is an operator of location-based entertainment venues centered on bowling. Its centers combine bowling with arcade games, food and beverages, and social entertainment, serving individual customers, families, corporate groups, parties, and organized leagues.

The company operates venues under brands that include Lucky Strike, Bowlero, and AMF. Offerings may include traditional bowling, enhanced bowling experiences, billiards, arcade attractions, event spaces, and hospitality services.

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