Lucky Strike Entertainment (NYSE:LUCK) President Purchases $25,000.16 in Stock

Lucky Strike Entertainment (NYSE:LUCK - Get Free Report) President Lev Ekster bought 3,034 shares of the business's stock in a transaction on Friday, May 9th. The shares were acquired at an average cost of $8.24 per share, for a total transaction of $25,000.16. Following the transaction, the president now directly owns 69,295 shares in the company, valued at approximately $570,990.80. This trade represents a 4.58% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website.

Lucky Strike Entertainment Trading Up 0.4%

Shares of NYSE:LUCK traded up $0.04 during trading on Friday, reaching $9.13. 190,095 shares of the company's stock traded hands, compared to its average volume of 438,001. The stock has a market cap of $1.31 billion, a price-to-earnings ratio of -912.09 and a beta of 0.80. Lucky Strike Entertainment has a fifty-two week low of $7.66 and a fifty-two week high of $14.92. The stock has a 50-day simple moving average of $9.25.

Lucky Strike Entertainment (NYSE:LUCK - Get Free Report) last released its earnings results 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 analysts' expectations of $361.42 million. Lucky Strike Entertainment had a negative return on equity of 35.76% and a net margin of 1.11%. As a group, research analysts predict that Lucky Strike Entertainment will post 0.43 earnings per share for the current fiscal year.

Lucky Strike Entertainment Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 23rd will be issued 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 2.41%. Lucky Strike Entertainment's payout ratio is -314.29%.

Wall Street Analysts Forecast Growth

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

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.