Lucky Strike Entertainment (LUCK) Projected to Post Earnings on Wednesday

Key Points

• Lucky Strike Entertainment is expected to report results before the open on Wednesday, May 6, with analysts forecasting $0.17 EPS and $353.77 million in revenue.
• In the prior quarter the company missed estimates, reporting ($0.11) EPS vs. a $0.03 consensus and $306.86 million in revenue vs. $313.83 million expected; the stock has a market cap of $1.09 billion and a negative PE ratio.
• Insiders own a substantial stake—84.20% insider ownership—and recent insider moves include a director buying 6,000 shares at $6.50 and another insider selling 3,000 shares at $8.47.

Lucky Strike Entertainment (NYSE:LUCK - Get Free Report) is expected to be posting its results before the market opens on Wednesday, May 6th. Analysts expect Lucky Strike Entertainment to post earnings of $0.17 per share and revenue of $353.7720 million for the quarter.

Lucky Strike Entertainment (NYSE:LUCK - Get Free Report) last announced its quarterly earnings data on Wednesday, February 4th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.14). The business had revenue of $306.86 million for the quarter, compared to analyst estimates of $313.83 million.

Lucky Strike Entertainment Price Performance

Shares of NYSE:LUCK opened at $7.92 on Friday. The firm has a market capitalization of $1.09 billion, a PE ratio of -12.18 and a beta of 0.69. The business has a 50 day simple moving average of $8.25 and a two-hundred day simple moving average of $8.34. Lucky Strike Entertainment has a 1 year low of $5.70 and a 1 year high of $11.61.

Insider Buying and Selling

In related news, Director John Alan Young purchased 6,000 shares of the firm's stock in a transaction dated Friday, February 6th. The stock was purchased at an average price of $6.50 per share, with a total value of $39,000.00. Following the completion of the purchase, the director owned 85,518 shares of the company's stock, valued at approximately $555,867. The trade was a 7.55% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Lev Ekster sold 3,000 shares of the stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $8.47, for a total value of $25,410.00. Following the completion of the transaction, the insider directly owned 64,296 shares in the company, valued at approximately $544,587.12. This trade represents a 4.46% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 84.20% of the company's stock.

Hedge Funds Weigh In On Lucky Strike Entertainment

A number of hedge funds and other institutional investors have recently made changes to their positions in LUCK. State of Wyoming bought a new stake in shares of Lucky Strike Entertainment in the fourth quarter valued at about $74,000. Bank of America Corp DE bought a new position in Lucky Strike Entertainment during the 2nd quarter worth about $94,000. Invesco Ltd. purchased a new position in Lucky Strike Entertainment during the 2nd quarter valued at about $114,000. Jain Global LLC purchased a new position in Lucky Strike Entertainment during the 3rd quarter valued at about $121,000. Finally, XTX Topco Ltd bought a new stake in shares of Lucky Strike Entertainment in the 2nd quarter valued at about $123,000. Institutional investors own 68.11% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on LUCK shares. Wall Street Zen lowered Lucky Strike Entertainment from a "hold" rating to a "sell" rating in a research note on Saturday, January 31st. JPMorgan Chase & Co. downgraded Lucky Strike Entertainment from a "neutral" rating to an "underweight" rating and cut their price objective for the company from $8.00 to $6.00 in a research report on Thursday, April 23rd. Canaccord Genuity Group set a $13.00 target price on Lucky Strike Entertainment in a research note on Thursday, February 5th. Finally, Roth Mkm reiterated a "neutral" rating and set a $7.50 target price on shares of Lucky Strike Entertainment in a research report on Thursday, February 5th. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Lucky Strike Entertainment currently has a consensus rating of "Hold" and an average target price of $11.08.

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. Shannon in 1997 and is headquartered in Mechanicsville, VA.

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