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

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%.

Shares of Lucky Strike Entertainment (NYSE:LUCK - Get Free Report) have been given an average rating of "Hold" by the six analysts that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $12.20.

A number of brokerages have recently issued reports on LUCK. Canaccord Genuity Group reiterated a "buy" rating and set a $16.00 target price on shares of Lucky Strike Entertainment in a research report on Friday, August 29th. Zacks Research upgraded Lucky Strike Entertainment to a "strong sell" rating in a report on Tuesday, August 12th. Stifel Nicolaus raised their price objective on Lucky Strike Entertainment from $12.00 to $13.00 and gave the company a "buy" rating in a report on Friday, August 29th. Finally, Roth Capital restated a "neutral" rating and issued a $11.00 price objective on shares of Lucky Strike Entertainment in a report on Friday, August 29th.

Lucky Strike Entertainment Price Performance

Shares of NYSE:LUCK opened at $10.04 on Tuesday. Lucky Strike Entertainment has a 1 year low of $7.66 and a 1 year high of $13.25. The firm has a market capitalization of $1.41 billion, a price-to-earnings ratio of -77.22 and a beta of 0.75. The business's 50 day moving average price is $10.12 and its 200-day moving average price is $9.59.

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

Lucky Strike Entertainment Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 29th will be paid a $0.055 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.2%. Lucky Strike Entertainment's dividend payout ratio (DPR) is -169.23%.

Insider Activity

In related news, President Lev Ekster bought 2,505 shares of the business's stock in a transaction on Friday, September 5th. The stock was acquired at an average cost of $9.99 per share, with a total value of $25,024.95. Following the purchase, the president directly owned 71,800 shares of the company's stock, valued at $717,282. The trade was a 3.61% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 79.90% of the stock is owned by company insiders.

Institutional Trading of Lucky Strike Entertainment

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bullseye Asset Management LLC acquired a new stake in shares of Lucky Strike Entertainment during the 2nd quarter worth about $954,000. Private Management Group Inc. acquired a new stake in shares of Lucky Strike Entertainment during the 2nd quarter worth about $17,143,000. Primecap Management Co. CA acquired a new stake in shares of Lucky Strike Entertainment during the 2nd quarter worth about $2,985,000. Spire Wealth Management acquired a new stake in shares of Lucky Strike Entertainment during the 2nd quarter worth about $42,000. Finally, Bessemer Group Inc. acquired a new stake in shares of Lucky Strike Entertainment during the 2nd quarter worth about $407,000. 68.11% of the stock is owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.