Lucky Strike Entertainment (NYSE:LUCK) Director Buys $29,115.98 in Stock

Key Points

• Director John Young bought 7,543 shares for about $29,116 at an average price of $3.86, increasing his holdings by 8.41% to 97,261 shares.
• Lucky Strike reported a quarterly loss of $0.21 per share, missing the $0.11 loss analysts expected, while revenue of $302.64 million exceeded forecasts.
• Shares traded at $3.77, near their 12-month low of $3.57. Analysts’ consensus rating is “Hold,” with an average price target of $8.17.

Lucky Strike Entertainment (NYSE:LUCK - Get Free Report) Director John Young purchased 7,543 shares of the firm's stock in a transaction that occurred on Friday, November 6th. The stock was purchased at an average price of $3.86 per share, with a total value of $29,115.98. Following the purchase, the director directly owned 97,261 shares of the company's stock, valued at $375,427.46. The trade was a 8.41% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Monday, November 9th, John Young purchased 7,453 shares of Lucky Strike Entertainment stock. The shares were purchased at an average price of $3.74 per share, with a total value of $27,874.22.
• On Tuesday, September 1st, John Young acquired 1,000 shares of Lucky Strike Entertainment stock. The stock was purchased at an average cost of $614.00 per share, for a total transaction of $614,000.00.
• On Monday, August 31st, John Young acquired 400 shares of Lucky Strike Entertainment stock. The stock was purchased at an average price of $6.25 per share, for a total transaction of $2,500.00.
• On Friday, August 28th, John Young acquired 2,800 shares of Lucky Strike Entertainment stock. The stock was purchased at an average price of $6.23 per share, for a total transaction of $17,444.00.

Lucky Strike Entertainment Price Performance

Shares of Lucky Strike Entertainment stock traded down $0.03 during trading on Monday, hitting $3.77. 199,940 shares of the stock were exchanged, compared to its average volume of 124,397. The stock has a market cap of $513.83 million, a price-to-earnings ratio of -8.76 and a beta of 0.71. The firm's 50-day moving average price is $5.12 and its 200 day moving average price is $7.15. Lucky Strike Entertainment has a 12-month low of $3.57 and a 12-month high of $9.59.

Lucky Strike Entertainment (NYSE:LUCK - Get Free Report) last posted its earnings results on Thursday, November 5th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.10). The company had revenue of $302.64 million during the quarter, compared to analysts' expectations of $297.79 million. As a group, research analysts forecast that Lucky Strike Entertainment will post -0.02 earnings per share for the current year.

Lucky Strike Entertainment Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 22nd. Shareholders of record on Tuesday, September 8th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 6.4%. The ex-dividend date was Tuesday, September 8th. Lucky Strike Entertainment's dividend payout ratio is currently -55.81%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Squarepoint Ops LLC lifted its position in shares of Lucky Strike Entertainment by 69.8% during the 2nd quarter. Squarepoint Ops LLC now owns 22,158 shares of the company's stock valued at $166,000 after acquiring an additional 9,112 shares during the period. Rice Hall James & Associates LLC grew its holdings in shares of Lucky Strike Entertainment by 52.7% in the 1st quarter. Rice Hall James & Associates LLC now owns 481,189 shares of the company's stock worth $4,003,000 after acquiring an additional 166,104 shares during the period. Finally, Great Lakes Advisors LLC acquired a new stake in shares of Lucky Strike Entertainment in the 2nd quarter worth approximately $1,361,000. Institutional investors and hedge funds own 68.11% of the company's stock.

Analyst Ratings Changes

LUCK has been the topic of a number of research analyst reports. Jefferies Financial Group set a $10.00 target price on Lucky Strike Entertainment in a research report on Thursday, August 27th. Weiss Ratings reissued a "sell (d)" rating on shares of Lucky Strike Entertainment in a research report on Thursday, October 29th. Truist Financial dropped their price target on Lucky Strike Entertainment from $9.00 to $8.00 and set a "buy" rating on the stock in a research note on Friday, October 23rd. Roth Capital set a $6.50 price target on Lucky Strike Entertainment in a research report on Friday, August 28th. Finally, Zacks Research upgraded Lucky Strike Entertainment from a "strong sell" rating to a "hold" rating in a research note on Monday, October 26th. Four analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $8.17.

Lucky Strike Entertainment Company Profile

Lucky Strike Entertainment Corp. is an operator of location-based entertainment venues centered on bowling. The company provides recreational and social experiences through bowling lanes, arcade games, food and beverage offerings, and spaces for parties, corporate events and other group gatherings.

The company operates venues under brands that include Lucky Strike, Bowlero and AMF, serving customers across the United States and Canada. Its locations range from upscale entertainment venues to traditional bowling centers, with offerings designed for families, casual visitors, league bowlers and private-event guests.

Lucky Strike Entertainment was previously known as Bowlero Corp.

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