Insider Buying: Lucky Strike Entertainment (NYSE:LUCK) President Buys 3,034 Shares of Stock

Lucky Strike Entertainment (NYSE:LUCK - Get Free Report) President Lev Ekster purchased 3,034 shares of the stock in a transaction that occurred on Friday, May 9th. The stock was acquired at an average cost of $8.24 per share, for a total transaction of $25,000.16. Following the completion of the acquisition, the president now owns 69,295 shares in the company, valued at $570,990.80. This represents a 4.58% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Lucky Strike Entertainment Trading Up 2.7%

Shares of Lucky Strike Entertainment stock traded up $0.24 during mid-day trading on Monday, hitting $9.01. The stock had a trading volume of 239,351 shares, compared to its average volume of 440,913. Lucky Strike Entertainment has a 12-month low of $7.66 and a 12-month high of $14.92. The firm's 50-day simple moving average is $9.29. The company has a market cap of $1.29 billion, a price-to-earnings ratio of -900.10 and a beta of 0.80.

Lucky Strike Entertainment (NYSE:LUCK - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.16). The business had revenue of $339.88 million for the quarter, compared to analyst estimates of $361.42 million. Lucky Strike Entertainment had a negative return on equity of 35.76% and a net margin of 1.11%. On average, equities research 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 will be paid on Friday, June 6th. Shareholders of record on Friday, May 23rd will be given a dividend of $0.055 per share. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $0.22 dividend on an annualized basis and a yield of 2.44%. Lucky Strike Entertainment's payout ratio is currently -2,200.00%.

Wall Street Analyst Weigh In

LUCK has been the topic of several analyst reports. JPMorgan Chase & Co. cut their target price on 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 cut their price target on Lucky Strike Entertainment from $14.00 to $11.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Roth Capital lowered Lucky Strike Entertainment from a "buy" rating to a "neutral" rating and set a $9.00 price target for the company. in a research report on Monday. Finally, Canaccord Genuity Group restated 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.

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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