North Star Investment Management Corp. Acquires New Stake in Lucky Strike Entertainment $LUCK

Key Points

• North Star Investment Management Corp. has acquired a new stake in Lucky Strike Entertainment, purchasing 60,460 shares valued at approximately $552,000.
• Lucky Strike Entertainment reported a quarterly earnings loss of ($0.49) EPS, significantly missing the consensus estimate, while generating revenue of $301.18 million.
• The company has set its FY 2025 earnings guidance at 0.43 EPS, with analysts maintaining a consensus rating of "Moderate Buy" and an average price target of $12.20.

North Star Investment Management Corp. bought a new position in shares of Lucky Strike Entertainment (NYSE:LUCK - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 60,460 shares of the company's stock, valued at approximately $552,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LUCK. Farther Finance Advisors LLC bought a new stake in shares of Lucky Strike Entertainment in the 2nd quarter worth $30,000. Bfsg LLC bought a new stake in Lucky Strike Entertainment in the second quarter worth about $137,000. Finally, Diversified Trust Co acquired a new stake in Lucky Strike Entertainment in the 2nd quarter valued at about $267,000. 68.11% of the stock is owned by institutional investors.

Lucky Strike Entertainment Stock Performance

Shares of NYSE:LUCK opened at $9.92 on Friday. The company has a market cap of $1.39 billion, a PE ratio of -76.30 and a beta of 0.76. Lucky Strike Entertainment has a 52 week low of $7.66 and a 52 week high of $13.25. The firm has a 50 day simple moving average of $10.10 and a 200 day simple moving average of $9.57.

Lucky Strike Entertainment (NYSE:LUCK - Get Free Report) last issued its quarterly 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). The firm had revenue of $301.18 million during the quarter, compared to analysts' expectations of $295.07 million. Lucky Strike Entertainment had a negative net margin of 0.83% and a negative return on equity of 23.31%. Lucky Strike Entertainment has set its FY 2025 guidance at EPS. On average, equities analysts predict that Lucky Strike Entertainment will post 0.43 earnings per share for the current year.

Lucky Strike Entertainment Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 29th were given a $0.055 dividend. The ex-dividend date was Friday, August 29th. This represents a $0.22 dividend on an annualized basis and a yield of 2.2%. Lucky Strike Entertainment's dividend payout ratio is presently -169.23%.

Insider Transactions at Lucky Strike Entertainment

In other Lucky Strike Entertainment news, President Lev Ekster acquired 2,505 shares of Lucky Strike Entertainment stock in a transaction that occurred on Friday, September 5th. The stock was acquired at an average price of $9.99 per share, with a total value of $25,024.95. Following the purchase, the president owned 71,800 shares in the company, valued at approximately $717,282. This trade represents a 3.61% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last three months, insiders have purchased 5,179 shares of company stock valued at $51,627. 79.90% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

LUCK has been the subject of several research reports. Canaccord Genuity Group restated a "buy" rating and set a $16.00 price objective on shares of Lucky Strike Entertainment in a research report on Friday, August 29th. Zacks Research upgraded shares of Lucky Strike Entertainment from a "strong sell" rating to a "hold" rating in a research report on Wednesday, September 10th. Roth Capital restated a "neutral" rating and issued a $11.00 price target on shares of Lucky Strike Entertainment in a research report on Friday, August 29th. Finally, Stifel Nicolaus lifted their price target on shares of Lucky Strike Entertainment from $12.00 to $13.00 and gave the stock 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 MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $12.20.

Lucky Strike Entertainment Profile

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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