Lucky Strike Entertainment (NYSE:LUCK) Director Acquires $13,646.80 in Stock

Lucky Strike Entertainment (NYSE:LUCK - Get Free Report) Director John Alan Young purchased 1,565 shares of the firm's stock in a transaction on Wednesday, May 28th. The stock was acquired at an average price of $8.72 per share, for a total transaction of $13,646.80. Following the transaction, the director now owns 72,448 shares of the company's stock, valued at $631,746.56. The trade was a 2.21% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

John Alan Young also recently made the following trade(s):

• On Friday, March 7th, John Alan Young purchased 100 shares of Lucky Strike Entertainment stock. The stock was bought at an average price of $8.95 per share, with a total value of $895.00.
• On Wednesday, March 5th, John Alan Young acquired 1,050 shares of Lucky Strike Entertainment stock. The shares were bought at an average price of $9.85 per share, for a total transaction of $10,342.50.

Lucky Strike Entertainment Stock Down 0.2%

Lucky Strike Entertainment stock traded down $0.02 during trading hours on Friday, hitting $8.60. The company 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 firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of -859.14 and a beta of 0.80. The company's fifty day moving average is $9.04.

Lucky Strike Entertainment (NYSE:LUCK - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.07 earnings per share for the quarter, missing analysts' consensus estimates of $0.23 by ($0.16). Lucky Strike Entertainment had a negative return on equity of 35.76% and a net margin of 1.11%. The company had revenue of $339.88 million during the quarter, compared to analyst estimates of $361.42 million. As a group, analysts expect 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 will be paid on Friday, June 6th. Stockholders of record on Friday, May 23rd will be paid a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date is Friday, May 23rd. Lucky Strike Entertainment's dividend payout ratio (DPR) is presently -314.29%.

Wall Street Analysts Forecast Growth

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

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.