Lucky Strike Entertainment (NYSE:LUCK) Plans $0.06 Quarterly Dividend

Key Points

• Lucky Strike Entertainment announced a $0.06 quarterly dividend, payable September 22 to shareholders of record on September 8. The dividend carries an annualized yield of approximately 3.8%.
• Shares fell to $6.26, near the lower end of their 52-week range of $5.52 to $11.19. The company reported a quarterly loss of $0.21 per share, missing the $0.03 loss analysts expected, while revenue also came in below estimates.
• Analysts maintain a consensus “Hold” rating with an average price target of $8.50, although ratings range from Buy to Sell.

Lucky Strike Entertainment (NYSE:LUCK - Get Free Report) announced a quarterly dividend on Thursday, August 27th. Investors of record on Tuesday, September 8th will be given a dividend of 0.06 per share on Tuesday, September 22nd. This represents a c) annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Tuesday, September 8th.

Lucky Strike Entertainment Price Performance

LUCK stock traded down $0.48 on Thursday, reaching $6.26. 563,199 shares of the company traded hands, compared to its average volume of 137,871. Lucky Strike Entertainment has a one year low of $5.52 and a one year high of $11.19. The company has a market cap of $854.71 million, a P/E ratio of -10.09 and a beta of 0.63. The firm has a fifty day simple moving average of $7.14 and a 200-day simple moving average of $7.83.

Lucky Strike Entertainment (NYSE:LUCK - Get Free Report) last announced its quarterly earnings data on Thursday, August 27th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.18). The business had revenue of $303.95 million during the quarter, compared to analyst estimates of $311.30 million. On average, sell-side analysts forecast that Lucky Strike Entertainment will post -0.2 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on LUCK shares. Stifel Nicolaus set a $9.00 price target on shares of Lucky Strike Entertainment in a research note on Thursday, May 7th. Jefferies Financial Group set a $10.00 target price on shares of Lucky Strike Entertainment in a report on Thursday. Weiss Ratings reiterated a "sell (d)" rating on shares of Lucky Strike Entertainment in a research note on Friday, July 31st. Truist Financial cut their price target on shares of Lucky Strike Entertainment from $10.00 to $9.00 and set a "buy" rating on the stock in a report on Monday, July 20th. Finally, Wall Street Zen raised shares of Lucky Strike Entertainment from a "strong sell" rating to a "sell" rating in a research report on Saturday, June 20th. Four research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $8.50.

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.

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