Dakota Wealth Management Takes $238,000 Position in Lucky Strike Entertainment $LUCK

Key Points

• Dakota Wealth Management acquired a new position in Lucky Strike Entertainment by purchasing 26,055 shares valued at approximately $238,000 in the 2nd quarter.
• Institutional investors collectively own 68.11% of Lucky Strike Entertainment's stock, with several hedge funds establishing new positions during the same quarter.
• Lucky Strike Entertainment reported an EPS of ($0.49) for the last quarter, missing the consensus estimate, and has a target price consensus of $12.20 with a moderate buy rating from analysts.

Dakota Wealth Management purchased a new position in Lucky Strike Entertainment (NYSE:LUCK - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 26,055 shares of the company's stock, valued at approximately $238,000.

Several other hedge funds have also made changes to their positions in the stock. North Star Investment Management Corp. bought a new stake in shares of Lucky Strike Entertainment in the 2nd quarter worth approximately $552,000. Diversified Trust Co bought a new stake in shares of Lucky Strike Entertainment in the 2nd quarter worth approximately $267,000. Bfsg LLC bought a new stake in shares of Lucky Strike Entertainment in the 2nd quarter worth approximately $137,000. Finally, Farther Finance Advisors LLC bought a new stake in shares of Lucky Strike Entertainment in the 2nd quarter worth approximately $30,000. Institutional investors own 68.11% of the company's stock.

Insider Activity

In other news, President Lev Ekster purchased 2,505 shares of the stock in a transaction dated Friday, September 5th. The shares were bought at an average cost of $9.99 per share, for a total transaction of $25,024.95. Following the transaction, the president owned 71,800 shares in the company, valued at $717,282. This trade represents a 3.61% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last 90 days, insiders acquired 5,179 shares of company stock worth $51,627. 79.90% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Roth Capital reissued a "neutral" rating and issued a $11.00 price target on shares of Lucky Strike Entertainment in a report on Friday, August 29th. Canaccord Genuity Group reissued a "buy" rating and issued a $16.00 price target on shares of Lucky Strike Entertainment in a report on Friday, August 29th. Zacks Research upgraded Lucky Strike Entertainment from a "strong sell" rating to a "hold" rating in a research report on Wednesday, September 10th. Finally, Stifel Nicolaus raised their target price on Lucky Strike Entertainment from $12.00 to $13.00 and gave the company a "buy" rating in a research report on Friday, August 29th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, Lucky Strike Entertainment currently has a consensus rating of "Moderate Buy" and an average target price of $12.20.

Lucky Strike Entertainment Price Performance

LUCK opened at $10.40 on Tuesday. Lucky Strike Entertainment has a 12 month low of $7.66 and a 12 month high of $13.25. The stock has a market cap of $1.46 billion, a P/E ratio of -79.99 and a beta of 0.75. The stock's 50 day moving average price is $10.11 and its 200 day moving average price is $9.57.

Lucky Strike Entertainment (NYSE:LUCK - Get Free Report) last posted its earnings results on Thursday, August 28th. The company reported ($0.49) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.42). Lucky Strike Entertainment had a negative net margin of 0.83% and a negative return on equity of 23.31%. The business had revenue of $301.18 million during the quarter, compared to analyst estimates of $295.07 million. Lucky Strike Entertainment has set its FY 2025 guidance at EPS. Equities analysts anticipate that Lucky Strike Entertainment will post 0.43 EPS for the current year.

Lucky Strike Entertainment Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Friday, August 29th were given a dividend of $0.055 per share. The ex-dividend date was Friday, August 29th. This represents a $0.22 annualized dividend and a dividend yield of 2.1%. Lucky Strike Entertainment's dividend payout ratio (DPR) is -169.23%.

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.

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