Lucky Strike Entertainment (LUCK) Projected to Post Quarterly Earnings on Thursday

Lucky Strike Entertainment (NYSE:LUCK - Get Free Report) is expected to issue its quarterly earnings data before the market opens on Thursday, May 8th. Analysts expect the company to announce earnings of $0.23 per share and revenue of $361.42 million for the quarter. Lucky Strike Entertainment has set its FY 2025 guidance at EPS.

Lucky Strike Entertainment (NYSE:LUCK - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.06 earnings per share for the quarter, hitting the consensus estimate of $0.06. Lucky Strike Entertainment had a negative return on equity of 35.76% and a net margin of 1.11%. On average, analysts expect Lucky Strike Entertainment to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Lucky Strike Entertainment Price Performance

Shares of LUCK traded up $0.15 during mid-day trading on Tuesday, hitting $9.84. 322,401 shares of the company traded hands, compared to its average volume of 434,985. The company has a market capitalization of $1.41 billion, a P/E ratio of -983.02 and a beta of 0.80. The firm's 50 day simple moving average is $9.38. Lucky Strike Entertainment has a 1-year low of $7.70 and a 1-year high of $14.92.

Lucky Strike Entertainment Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 21st were paid a dividend of $0.055 per share. The ex-dividend date of this dividend was Friday, February 21st. This represents a $0.22 dividend on an annualized basis and a yield of 2.24%. Lucky Strike Entertainment's payout ratio is -2,200.00%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on LUCK shares. Canaccord Genuity Group reiterated a "buy" rating and set a $16.00 price objective (down from $18.00) on shares of Lucky Strike Entertainment in a research note on Monday. JPMorgan Chase & Co. lowered their price target on 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. Finally, Truist Financial dropped 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.

Insider Buying and Selling at Lucky Strike Entertainment

In other news, Vice Chairman Brett I. Parker sold 1,747,434 shares of Lucky Strike Entertainment stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $11.54, for a total transaction of $20,165,388.36. Following the completion of the transaction, the insider now directly owns 498,092 shares of the company's stock, valued at $5,747,981.68. The trade was a 77.82 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John Alan Young bought 3,685 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The stock was purchased at an average price of $10.13 per share, with a total value of $37,329.05. Following the completion of the purchase, the director now owns 69,423 shares in the company, valued at approximately $703,254.99. This trade represents a 5.61 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 6,163 shares of company stock valued at $62,213. 79.90% of the stock is owned by insiders.

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.