Lucky Strike Entertainment (NYSE:LUCK) Issues Quarterly Earnings Results

Key Points

• Lucky Strike reported a quarterly loss of $0.21 per share, wider than the $0.11 loss analysts expected, while revenue of $302.64 million topped the $297.79 million consensus estimate.
• Shares fell 11.9% to $3.89 during Thursday trading following the results.
• The company forecast approximately $1.3 billion in FY2027 revenue, in line with analysts’ expectations and offering no clear upside surprise.

Lucky Strike Entertainment (NYSE:LUCK - Get Free Report) announced its quarterly earnings results on Thursday. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.10), FiscalAI reports. The firm had revenue of $302.64 million for the quarter, compared to the consensus estimate of $297.79 million.

Lucky Strike Entertainment Trading Down 11.9%

LUCK traded down $0.53 during midday trading on Thursday, reaching $3.89. The company's stock had a trading volume of 199,983 shares, compared to its average volume of 74,414. The company has a fifty day simple moving average of $5.17 and a 200 day simple moving average of $7.18. The stock has a market cap of $530.87 million, a P/E ratio of -11.45 and a beta of 0.71. Lucky Strike Entertainment has a twelve month low of $3.57 and a twelve month high of $9.59.

Lucky Strike Entertainment Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 22nd. Shareholders of record on Tuesday, September 8th were issued a $0.06 dividend. The ex-dividend date of this dividend was Tuesday, September 8th. This represents a $0.24 dividend on an annualized basis and a yield of 6.2%. Lucky Strike Entertainment's dividend payout ratio (DPR) is -70.59%.

Lucky Strike Entertainment News Roundup

Here are the key news stories impacting Lucky Strike Entertainment this week:

• Positive Sentiment: First-quarter revenue was $302.64 million, ahead of analysts’ $297.79 million estimate. Lucky Strike first-quarter earnings results
• Neutral Sentiment: Lucky Strike forecast approximately $1.3 billion in FY2027 revenue, matching the consensus estimate; the outlook provided no clear upside surprise. Lucky Strike fiscal 2027 first-quarter results
• Negative Sentiment: The company posted a $0.21-per-share loss, wider than the expected $0.11 loss and the $0.12 loss a year earlier. This earnings shortfall likely weighed on sentiment despite the revenue beat. Lucky Strike reports first-quarter loss
• Negative Sentiment: Lucky Strike suspended its dividend, removing an income feature for shareholders and adding to concerns reflected in the market reaction. Lucky Strike after dividend suspension

Analyst Ratings Changes

Several equities analysts have commented on the stock. Jefferies Financial Group set a $10.00 target price on shares of Lucky Strike Entertainment in a research report on Thursday, August 27th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Lucky Strike Entertainment in a research report on Thursday, October 29th. Stifel Nicolaus decreased their price target on Lucky Strike Entertainment from $9.00 to $8.00 and set a "buy" rating for the company in a research note on Friday, August 28th. Truist Financial lowered their price objective on Lucky Strike Entertainment from $9.00 to $8.00 and set a "buy" rating on the stock in a report on Friday, October 23rd. Finally, Zacks Research raised Lucky Strike Entertainment from a "strong sell" rating to a "hold" rating in a research note on Monday, October 26th. Four equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $8.17.

Insider Buying and Selling

In related news, Director Sandeep Mathrani bought 9,350 shares of the company's stock in a transaction that occurred on Friday, August 28th. The shares were acquired at an average price of $6.41 per share, with a total value of $59,933.50. Following the completion of the transaction, the director owned 9,350 shares of the company's stock, valued at $59,933.50. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Thomas F. Shannon bought 30,000 shares of the business's stock in a transaction that occurred on Wednesday, September 9th. The shares were bought at an average price of $5.86 per share, with a total value of $175,800.00. Following the completion of the purchase, the chief executive officer owned 3,144,000 shares in the company, valued at approximately $18,423,840. The trade was a 0.96% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last quarter, insiders have bought 43,537 shares of company stock valued at $261,064. Corporate insiders own 84.20% of the company's stock.

Lucky Strike Entertainment Company Profile

Lucky Strike Entertainment Corp. is an operator of location-based entertainment venues centered on bowling. The company provides recreational and social experiences through bowling lanes, arcade games, food and beverage offerings, and spaces for parties, corporate events and other group gatherings.

The company operates venues under brands that include Lucky Strike, Bowlero and AMF, serving customers across the United States and Canada. Its locations range from upscale entertainment venues to traditional bowling centers, with offerings designed for families, casual visitors, league bowlers and private-event guests.

Lucky Strike Entertainment was previously known as Bowlero Corp.

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