Lucky Strike Entertainment (NYSE:LUCK) Given Average Rating of "Hold" by Brokerages

Key Points

• Lucky Strike Entertainment (NYSE:LUCK) has received an average consensus rating of "Hold" from six brokerages, with one sell rating, two hold ratings, and three buy ratings.
• The average twelve-month price target for the stock among analysts is set at $11.60, with some price targets ranging from $9.00 to $16.00.
• Insider ownership remains high at 79.90%, following CEO Thomas F. Shannon's recent acquisition of 20,000 shares of the company's stock.

Lucky Strike Entertainment (NYSE:LUCK - Get Free Report) has earned a consensus rating of "Hold" from the six brokerages that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $11.60.

Several research firms have recently issued reports on LUCK. Stifel Nicolaus lowered their price objective on Lucky Strike Entertainment from $13.00 to $12.00 and set a "buy" rating for the company in a research report on Friday, June 20th. Roth Capital cut Lucky Strike Entertainment from a "buy" rating to a "neutral" rating and set a $9.00 price objective for the company. in a research report on Monday, May 12th. Zacks Research raised Lucky Strike Entertainment to a "strong sell" rating in a research note on Tuesday. Finally, Canaccord Genuity Group reissued a "buy" rating and set a $16.00 target price (down from $18.00) on shares of Lucky Strike Entertainment in a research note on Monday, May 5th.

Insider Activity at Lucky Strike Entertainment

In other Lucky Strike Entertainment news, CEO Thomas F. Shannon acquired 20,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 28th. The stock was purchased at an average cost of $8.73 per share, for a total transaction of $174,600.00. Following the completion of the acquisition, the chief executive officer owned 2,364,000 shares of the company's stock, valued at approximately $20,637,720. This trade represents a 0.85% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last 90 days, insiders have acquired 22,350 shares of company stock worth $194,778. Insiders own 79.90% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of LUCK. Bank of America Corp DE acquired a new stake in Lucky Strike Entertainment during the 2nd quarter worth $94,000. Jane Street Group LLC bought a new position in Lucky Strike Entertainment during the second quarter worth about $1,117,000. Invesco Ltd. bought a new position in Lucky Strike Entertainment during the second quarter worth about $114,000. Systematic Financial Management LP bought a new stake in shares of Lucky Strike Entertainment during the second quarter worth approximately $5,785,000. Finally, XTX Topco Ltd bought a new stake in shares of Lucky Strike Entertainment during the second quarter worth approximately $123,000. 68.11% of the stock is currently owned by institutional investors.

Lucky Strike Entertainment Trading Down 0.4%

LUCK stock opened at $9.87 on Friday. The business's fifty day moving average price is $9.74 and its 200 day moving average price is $9.73. Lucky Strike Entertainment has a 12-month low of $7.66 and a 12-month high of $13.25. The company has a market capitalization of $1.38 billion, a PE ratio of -140.98 and a beta of 0.75.

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.

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