Thomas F. Shannon Buys 44,000 Shares of Lucky Strike Entertainment (NYSE:LUCK) Stock

Lucky Strike Entertainment (NYSE:LUCK - Get Free Report) CEO Thomas F. Shannon acquired 44,000 shares of the business's stock in a transaction on Friday, May 9th. The shares were bought at an average cost of $8.48 per share, for a total transaction of $373,120.00. Following the acquisition, the chief executive officer now owns 2,344,000 shares of the company's stock, valued at $19,877,120. This represents a 1.91% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Lucky Strike Entertainment Trading Up 0.4%

LUCK traded up $0.04 on Friday, reaching $9.13. 190,095 shares of the company's stock were exchanged, compared to its average volume of 438,001. The company's 50 day simple moving average is $9.25. The company has a market capitalization of $1.31 billion, a P/E ratio of -912.09 and a beta of 0.80. Lucky Strike Entertainment has a twelve month low of $7.66 and a twelve month high of $14.92.

Lucky Strike Entertainment (NYSE:LUCK - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.23 by ($0.16). Lucky Strike Entertainment had a negative return on equity of 35.76% and a net margin of 1.11%. The business had revenue of $339.88 million for the quarter, compared to analyst estimates of $361.42 million. As a group, equities research analysts forecast that Lucky Strike Entertainment will post 0.43 earnings per share for the current fiscal year.

Lucky Strike Entertainment Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 23rd will be paid a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date of this dividend is Friday, May 23rd. Lucky Strike Entertainment's payout ratio is -314.29%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Roth Capital cut shares of Lucky Strike Entertainment from a "buy" rating to a "neutral" rating and set a $9.00 price objective on the stock. in a research note on Monday, May 12th. Truist Financial decreased their price objective on shares of Lucky Strike Entertainment from $14.00 to $11.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. 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 report on Monday, May 5th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Lucky Strike Entertainment from $12.00 to $10.00 and set a "neutral" rating on the stock in a report on Monday, April 14th.

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.