Lucky Strike Entertainment (NYSE:LUCK) Posts Earnings Results, Misses Estimates By $0.42 EPS

Key Points

• Lucky Strike Entertainment reported a loss of ($0.49) earnings per share, significantly missing the consensus estimate of ($0.07) by ($0.42).
• The company's stock price decreased by 7.9% following the earnings report, with current trading around $9.83.
• A quarterly dividend of $0.055 has been declared, representing an annualized yield of 2.2%, despite a negative dividend payout ratio of -314.29%.

Lucky Strike Entertainment (NYSE:LUCK - Get Free Report) announced its earnings results on Thursday. The company reported ($0.49) EPS for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.42), Zacks reports. The company had revenue of $301.18 million during the quarter, compared to analysts' expectations of $295.07 million. Lucky Strike Entertainment had a negative return on equity of 23.31% and a negative net margin of 0.83%. Lucky Strike Entertainment updated its FY 2025 guidance to EPS.

Lucky Strike Entertainment Stock Performance

NYSE LUCK traded up $0.25 on Monday, reaching $10.76. 331,038 shares of the stock traded hands, compared to its average volume of 148,467. The company has a fifty day moving average price of $10.00 and a 200-day moving average price of $9.64. The company has a market cap of $1.51 billion, a price-to-earnings ratio of -82.76 and a beta of 0.75. Lucky Strike Entertainment has a 12 month low of $7.66 and a 12 month high of $13.25.

Lucky Strike Entertainment Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 29th will be given a dividend of $0.055 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.22 dividend on an annualized basis and a yield of 2.0%. Lucky Strike Entertainment's payout ratio is -169.23%.

Wall Street Analysts Forecast Growth

LUCK has been the subject of a number of recent research reports. Stifel Nicolaus lifted their target price on Lucky Strike Entertainment from $12.00 to $13.00 and gave the stock a "buy" rating in a report on Friday. Zacks Research upgraded Lucky Strike Entertainment to a "strong sell" rating in a report on Tuesday, August 12th. Roth Capital reiterated a "neutral" rating on shares of Lucky Strike Entertainment in a report on Friday. Finally, Canaccord Genuity Group reiterated a "buy" rating and issued a $16.00 target price on shares of Lucky Strike Entertainment in a report on Friday. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $11.80.

Institutional Investors Weigh In On Lucky Strike Entertainment

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Bank of America Corp DE bought a new stake in Lucky Strike Entertainment during the 2nd quarter valued at $94,000. Invesco Ltd. bought a new stake in Lucky Strike Entertainment during the 2nd quarter valued at $114,000. XTX Topco Ltd purchased a new position in shares of Lucky Strike Entertainment in the 2nd quarter valued at $123,000. State of Wyoming purchased a new position in shares of Lucky Strike Entertainment in the 2nd quarter valued at $222,000. Finally, Jane Street Group LLC purchased a new position in shares of Lucky Strike Entertainment in the 2nd quarter valued at $1,117,000. 68.11% of the stock is 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.