Taylor Frigon Capital Management LLC Makes New $1.73 Million Investment in Lucky Strike Entertainment $LUCK

Key Points

• Taylor Frigon Capital Management LLC invested approximately $1.73 million in Lucky Strike Entertainment by acquiring 189,644 shares during the second quarter.
• Lucky Strike Entertainment's stock is currently up 2.1%, with a market cap of $1.42 billion, showing a 52-week price range between $7.66 and $13.25.
• The company recently announced a quarterly dividend of $0.055 per share, yielding 2.2%, despite having a negative dividend payout ratio of -169.23%.

Taylor Frigon Capital Management LLC acquired a new stake in Lucky Strike Entertainment (NYSE:LUCK - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 189,644 shares of the company's stock, valued at approximately $1,731,000. Taylor Frigon Capital Management LLC owned about 0.14% of Lucky Strike Entertainment as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in LUCK. Farther Finance Advisors LLC acquired a new position in Lucky Strike Entertainment in the second quarter valued at approximately $30,000. Bfsg LLC acquired a new position in shares of Lucky Strike Entertainment in the 2nd quarter valued at $137,000. Dakota Wealth Management purchased a new position in shares of Lucky Strike Entertainment in the 2nd quarter valued at $238,000. Diversified Trust Co purchased a new position in shares of Lucky Strike Entertainment in the 2nd quarter valued at $267,000. Finally, North Star Investment Management Corp. acquired a new stake in Lucky Strike Entertainment during the 2nd quarter worth $552,000. Hedge funds and other institutional investors own 68.11% of the company's stock.

Lucky Strike Entertainment Stock Up 2.1%

NYSE LUCK opened at $10.10 on Monday. The firm has a market cap of $1.42 billion, a P/E ratio of -77.69 and a beta of 0.75. Lucky Strike Entertainment has a 52-week low of $7.66 and a 52-week high of $13.25. The business's 50-day moving average price is $10.10 and its 200 day moving average price is $9.57.

Lucky Strike Entertainment (NYSE:LUCK - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $301.18 million for the quarter, compared to analysts' expectations of $295.07 million. Lucky Strike Entertainment has set its FY 2025 guidance at EPS. As a group, analysts anticipate that Lucky Strike Entertainment will post 0.43 earnings per share for the current year.

Lucky Strike Entertainment Dividend Announcement

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

Analyst Ratings Changes

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

Insider Transactions at Lucky Strike Entertainment

In other news, President Lev Ekster acquired 2,505 shares of the business's stock in a transaction on Friday, September 5th. The stock was bought at an average price 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 represents a 3.61% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last 90 days, insiders have acquired 5,179 shares of company stock valued at $51,627. Insiders own 79.90% of the company's stock.

Lucky Strike Entertainment Company 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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