Lucky Strike Entertainment (NYSE:LUCK) Price Target Cut to $12.00 by Analysts at Stifel Nicolaus

Lucky Strike Entertainment (NYSE:LUCK - Get Free Report) had its price objective reduced by analysts at Stifel Nicolaus from $13.00 to $12.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Stifel Nicolaus' target price would indicate a potential upside of 21.33% from the stock's current price.

LUCK has been the topic of several other research reports. 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 research note on Monday, April 14th. Roth Capital downgraded shares of Lucky Strike Entertainment from a "buy" rating to a "neutral" rating and set a $9.00 price target for the company. in a report on Monday, May 12th. Truist Financial reduced their price target 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. Finally, Canaccord Genuity Group reaffirmed a "buy" rating and set a $16.00 price objective (down previously from $18.00) on shares of Lucky Strike Entertainment in a report on Monday, May 5th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $11.60.

Lucky Strike Entertainment Price Performance

NYSE:LUCK traded down $0.04 during mid-day trading on Friday, hitting $9.89. The company's stock had a trading volume of 113,657 shares, compared to its average volume of 400,620. The firm has a market cap of $1.39 billion, a P/E ratio of -141.27 and a beta of 0.73. Lucky Strike Entertainment has a fifty-two week low of $7.66 and a fifty-two week high of $14.92. The company has a fifty day simple moving average of $9.04.

Lucky Strike Entertainment (NYSE:LUCK - Get Free Report) last issued 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). The company had revenue of $339.88 million during the quarter, compared to analyst estimates of $361.42 million. Lucky Strike Entertainment had a negative return on equity of 23.31% and a net margin of 0.21%. Sell-side analysts expect that Lucky Strike Entertainment will post 0.43 EPS for the current year.

Insider Buying and Selling at Lucky Strike Entertainment

In related news, CFO Robert M. Lavan bought 4,000 shares of the business's stock in a transaction on Friday, May 9th. The shares were purchased at an average price of $8.30 per share, with a total value of $33,200.00. Following the completion of the purchase, the chief financial officer now owns 84,238 shares of the company's stock, valued at $699,175.40. This represents a 4.99% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Thomas F. Shannon bought 20,000 shares of the firm's stock in a transaction dated Wednesday, May 28th. The shares were bought at an average price of $8.73 per share, with a total value of $174,600.00. Following the completion of the transaction, the chief executive officer now directly owns 2,364,000 shares in the company, valued at approximately $20,637,720. This trade represents a 0.85% increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 73,384 shares of company stock worth $626,098. Company insiders own 79.90% of the company's stock.

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.

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