Lucky Strike Entertainment (LUCK) to Release Earnings on Thursday

Key Points

• Lucky Strike Entertainment is expected to report quarterly results before the market opens on Thursday, August 27, with analysts forecasting a loss of $0.05 per share and revenue of $311.3 million.
• LUCK shares opened at $6.73, up 2.0%, but remain below their 50-day and 200-day moving averages and are down from a 12-month high of $11.19.
• Analyst sentiment is mixed but leans cautious, with a consensus “Hold” rating and an average price target of $8.72; institutional investors own 68.11% of the stock.

Lucky Strike Entertainment (NYSE:LUCK - Get Free Report) is expected to post its results before the market opens on Thursday, August 27th. Analysts expect Lucky Strike Entertainment to announce earnings of ($0.05) per share and revenue of $311.30 million for the quarter.

Lucky Strike Entertainment Stock Up 2.0%

NYSE:LUCK opened at $6.73 on Thursday. The company has a fifty day moving average of $7.32 and a 200-day moving average of $7.85. The firm has a market capitalization of $919.45 million, a P/E ratio of -10.85 and a beta of 0.63. Lucky Strike Entertainment has a twelve month low of $5.70 and a twelve month high of $11.19.

Analyst Upgrades and Downgrades

LUCK has been the topic of several research analyst reports. UBS Group lowered shares of Lucky Strike Entertainment to a "hold" rating and set a $6.50 target price on the stock. in a research note on Thursday, May 7th. Citizens Jmp started coverage on shares of Lucky Strike Entertainment in a research note on Monday, June 29th. They issued a "market perform" rating for the company. JPMorgan Chase & Co. lowered shares of Lucky Strike Entertainment from a "neutral" rating to an "underweight" rating and dropped their price objective for the company from $8.00 to $6.00 in a report on Thursday, April 23rd. Craig Hallum cut shares of Lucky Strike Entertainment from a "buy" rating to a "hold" rating and set a $6.50 price objective on the stock. in a research report on Thursday, May 7th. Finally, Truist Financial reduced their target price on Lucky Strike Entertainment from $10.00 to $9.00 and set a "buy" rating for the company in a research note on Monday, July 20th. Four equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $8.72.

Hedge Funds Weigh In On Lucky Strike Entertainment

A number of large investors have recently modified their holdings of LUCK. XTX Topco Ltd acquired a new stake in Lucky Strike Entertainment in the 4th quarter valued at $428,000. Engineers Gate Manager LP raised its holdings in Lucky Strike Entertainment by 285.8% during the fourth quarter. Engineers Gate Manager LP now owns 46,874 shares of the company's stock worth $397,000 after buying an additional 34,724 shares during the last quarter. Price T Rowe Associates Inc. MD acquired a new position in Lucky Strike Entertainment during the fourth quarter worth $137,000. Squarepoint Ops LLC lifted its stake in shares of Lucky Strike Entertainment by 110.4% in the fourth quarter. Squarepoint Ops LLC now owns 40,130 shares of the company's stock valued at $340,000 after buying an additional 21,059 shares in the last quarter. Finally, State of Wyoming bought a new position in shares of Lucky Strike Entertainment in the fourth quarter valued at $74,000. 68.11% of the stock is currently owned by institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source