Lucky Strike Entertainment (NYSE:LUCK) CEO Thomas F. Shannon Acquires 20,000 Shares

Lucky Strike Entertainment (NYSE:LUCK - Get Free Report) CEO Thomas F. Shannon bought 20,000 shares of the business's stock in a transaction dated Wednesday, May 28th. The shares were bought at an average cost of $8.73 per share, for a total transaction of $174,600.00. Following the purchase, the chief executive officer now directly owns 2,364,000 shares in the company, valued at approximately $20,637,720. This represents a 0.85% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

Lucky Strike Entertainment Stock Down 0.2%

Lucky Strike Entertainment stock traded down $0.02 during midday trading on Friday, reaching $8.60. The company's stock had a trading volume of 697,427 shares, compared to its average volume of 414,493. Lucky Strike Entertainment has a fifty-two week low of $7.66 and a fifty-two week high of $14.92. The company's 50 day simple moving average is $9.04. The company has a market capitalization of $1.21 billion, a price-to-earnings ratio of -859.14 and a beta of 0.80.

Lucky Strike Entertainment (NYSE:LUCK - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.07 EPS for the quarter, missing analysts' consensus estimates of $0.23 by ($0.16). The company had revenue of $339.88 million for the quarter, compared to analyst estimates of $361.42 million. Lucky Strike Entertainment had a net margin of 1.11% and a negative return on equity of 35.76%. As a group, equities analysts predict that Lucky Strike Entertainment will post 0.43 EPS for the current year.

Lucky Strike Entertainment Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 23rd will be paid a $0.055 dividend. The ex-dividend date is Friday, May 23rd. This represents a $0.22 dividend on an annualized basis and a yield of 2.56%. Lucky Strike Entertainment's dividend payout ratio is currently -314.29%.

Analyst Ratings Changes

A number of research firms have weighed in on LUCK. Truist Financial dropped their price target on shares of Lucky Strike Entertainment from $14.00 to $11.00 and set a "buy" rating for the company in a research report on Monday, April 14th. JPMorgan Chase & Co. reduced their price target on shares of Lucky Strike Entertainment from $12.00 to $10.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Roth Capital cut shares of Lucky Strike Entertainment from a "buy" rating to a "neutral" rating and set a $9.00 price target on the stock. in a report on Monday, May 12th. Finally, Canaccord Genuity Group reiterated a "buy" rating and issued a $16.00 target price (down from $18.00) on shares of Lucky Strike Entertainment in a research note on Monday, May 5th.

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.