Noble Financial Has Negative Opinion of LUCK FY2028 Earnings

Key Points

• Noble Financial cut its FY2028 EPS forecast for Lucky Strike Entertainment to $0.43 from $0.51.
• In its latest quarter, Lucky Strike reported an EPS loss of $0.21, missing the $0.11 loss analysts expected, while revenue of $302.64 million topped the $297.79 million consensus.
• Analyst sentiment is mixed: MarketBeat’s consensus rating is “Hold,” with an average price target of $8.06; the shares opened at $3.77.

Lucky Strike Entertainment (NYSE:LUCK - Free Report) - Equities research analysts at Noble Financial cut their FY2028 earnings estimates for shares of Lucky Strike Entertainment in a note issued to investors on Monday, November 9th. Noble Financial analyst M. Kupinski now expects that the company will earn $0.43 per share for the year, down from their previous forecast of $0.51. The consensus estimate for Lucky Strike Entertainment's current full-year earnings is ($0.02) per share.

Lucky Strike Entertainment (NYSE:LUCK - Get Free Report) last released its quarterly earnings results on Thursday, November 5th. The company reported ($0.21) earnings per share for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.10). The company had revenue of $302.64 million for the quarter, compared to the consensus estimate of $297.79 million.

Other equities analysts also recently issued research reports about the company. Roth Capital set a $6.50 target price on Lucky Strike Entertainment in a research note on Friday, August 28th. Truist Financial cut their price objective on Lucky Strike Entertainment from $9.00 to $8.00 and set a "buy" rating for the company in a report on Friday, October 23rd. Weiss Ratings reissued a "sell (d)" rating on shares of Lucky Strike Entertainment in a report on Thursday, October 29th. Stifel Nicolaus decreased their price objective on shares of Lucky Strike Entertainment from $9.00 to $8.00 and set a "buy" rating on the stock in a research report on Friday, August 28th. Finally, Zacks Research raised shares of Lucky Strike Entertainment from a "strong sell" rating to a "hold" rating in a research note on Monday, October 26th. Four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $8.06.

Lucky Strike Entertainment Stock Performance

Shares of LUCK stock opened at $3.77 on Tuesday. The company has a market capitalization of $513.83 million, a price-to-earnings ratio of -8.76 and a beta of 0.71. Lucky Strike Entertainment has a 52-week low of $3.57 and a 52-week high of $9.59. The company has a 50-day simple moving average of $5.07 and a two-hundred day simple moving average of $7.12.

Hedge Funds Weigh In On Lucky Strike Entertainment

Large investors have recently modified their holdings of the company. Great Lakes Advisors LLC purchased a new stake in Lucky Strike Entertainment in the second quarter worth approximately $1,361,000. Rice Hall James & Associates LLC grew its position in Lucky Strike Entertainment by 52.7% during the first quarter. Rice Hall James & Associates LLC now owns 481,189 shares of the company's stock valued at $4,003,000 after acquiring an additional 166,104 shares during the last quarter. Finally, Squarepoint Ops LLC raised its stake in shares of Lucky Strike Entertainment by 69.8% during the second quarter. Squarepoint Ops LLC now owns 22,158 shares of the company's stock worth $166,000 after acquiring an additional 9,112 shares in the last quarter. 68.11% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Lucky Strike Entertainment

In other news, CEO Thomas F. Shannon purchased 30,000 shares of the company's stock in a transaction on Wednesday, September 9th. The stock was purchased 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 directly owned 3,144,000 shares in the company, valued at approximately $18,423,840. This trade represents a 0.96% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Sandeep Mathrani acquired 9,350 shares of the business's stock in a transaction dated Friday, August 28th. The stock was purchased at an average price of $6.41 per share, with a total value of $59,933.50. Following the completion of the acquisition, the director directly owned 9,350 shares in the company, valued at approximately $59,933.50. This represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have bought a total of 58,533 shares of company stock valued at $318,055 over the last 90 days. 61.38% of the stock is owned by insiders.

Lucky Strike Entertainment Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 22nd. Investors of record on Tuesday, September 8th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 6.4%. The ex-dividend date of this dividend was Tuesday, September 8th. Lucky Strike Entertainment's dividend payout ratio is currently -55.81%.

About Lucky Strike Entertainment

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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