Lucky Strike Entertainment (NYSE:LUCK) Receives $12.20 Average PT from Analysts

Key Points

• Lucky Strike Entertainment (NYSE:LUCK) has received an average rating of "Hold" from six analysts, with one sell rating, two hold ratings, and three buy ratings; the average target price is $12.20.
• The company reported a quarterly loss of ($0.49) EPS, missing its earnings expectations, despite revenue of $301.18 million which surpassed estimates.
• Lucky Strike Entertainment announced a quarterly dividend of $0.055 per share, resulting in an annualized dividend yield of 2.2%, although the dividend payout ratio is negative at -169.23%.

Lucky Strike Entertainment (NYSE:LUCK - Get Free Report) has been given an average rating of "Moderate Buy" by the six brokerages that are currently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $12.20.

Several research firms have recently weighed in on LUCK. Roth Capital restated a "neutral" rating and set a $11.00 price objective on shares of Lucky Strike Entertainment in a research report on Friday, August 29th. Canaccord Genuity Group reissued a "buy" rating and issued a $16.00 price target on shares of Lucky Strike Entertainment in a research report on Friday, August 29th. Stifel Nicolaus raised their price objective on shares of Lucky Strike Entertainment from $12.00 to $13.00 and gave the company a "buy" rating in a research report on Friday, August 29th. Finally, Zacks Research upgraded Lucky Strike Entertainment from a "strong sell" rating to a "hold" rating in a report on Wednesday.

Insider Transactions at Lucky Strike Entertainment

In other Lucky Strike Entertainment news, President Lev Ekster bought 2,505 shares of the business's stock in a transaction on Friday, September 5th. The shares were bought at an average cost of $9.99 per share, for a total transaction of $25,024.95. Following the transaction, the president owned 71,800 shares in the company, valued at approximately $717,282. This trade represents a 3.61% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 79.90% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in LUCK. Farther Finance Advisors LLC acquired a new position in Lucky Strike Entertainment during the 2nd quarter valued at about $30,000. Spire Wealth Management bought a new stake in shares of Lucky Strike Entertainment in the 2nd quarter valued at about $42,000. PNC Financial Services Group Inc. bought a new stake in shares of Lucky Strike Entertainment in the 2nd quarter valued at about $50,000. Bank of America Corp DE bought a new stake in shares of Lucky Strike Entertainment in the 2nd quarter valued at about $94,000. Finally, Invesco Ltd. bought a new stake in shares of Lucky Strike Entertainment in the 2nd quarter valued at about $114,000. 68.11% of the stock is currently owned by institutional investors and hedge funds.

Lucky Strike Entertainment Stock Performance

Lucky Strike Entertainment stock traded down $0.23 during trading on Tuesday, reaching $9.82. The company had a trading volume of 205,533 shares, compared to its average volume of 195,405. Lucky Strike Entertainment has a 12-month low of $7.66 and a 12-month high of $13.25. The stock's 50 day moving average price is $10.13 and its two-hundred day moving average price is $9.57. The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of -75.53 and a beta of 0.75.

Lucky Strike Entertainment (NYSE:LUCK - Get Free Report) last posted its earnings results on Thursday, August 28th. The company reported ($0.49) EPS for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.42). Lucky Strike Entertainment had a negative return on equity of 23.31% and a negative net margin of 0.83%.The firm had revenue of $301.18 million for the quarter, compared to analyst estimates of $295.07 million. Lucky Strike Entertainment has set its FY 2025 guidance at EPS. As a group, research analysts expect that Lucky Strike Entertainment will post 0.43 earnings per share for the current year.

Lucky Strike Entertainment Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 29th were issued a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Friday, August 29th. Lucky Strike Entertainment's payout ratio is currently -169.23%.

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.