Stifel Nicolaus Cuts Lucky Strike Entertainment (NYSE:LUCK) Price Target to $12.00

Lucky Strike Entertainment (NYSE:LUCK - Free Report) had its price target trimmed by Stifel Nicolaus from $13.00 to $12.00 in a research note released on Friday morning,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other brokerages have also commented on LUCK. Truist Financial cut 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 report on Monday, April 14th. Roth Capital downgraded Lucky Strike Entertainment from a "buy" rating to a "neutral" rating and set a $9.00 target price on the stock. in a report on Monday, May 12th. JPMorgan Chase & Co. decreased their price target on Lucky Strike Entertainment from $12.00 to $10.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Finally, Canaccord Genuity Group restated a "buy" rating and set a $16.00 price objective (down from $18.00) on shares of Lucky Strike Entertainment in a research report on Monday, May 5th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $11.60.

Lucky Strike Entertainment Trading Up 1.1%

Shares of NYSE LUCK traded up $0.11 during mid-day trading on Friday, hitting $9.71. 456,222 shares of the stock traded hands, compared to its average volume of 404,899. The firm has a market capitalization of $1.36 billion, a P/E ratio of -138.69 and a beta of 0.73. Lucky Strike Entertainment has a twelve month low of $7.66 and a twelve month high of $14.92. The firm's 50 day simple moving average is $9.05.

Lucky Strike Entertainment (NYSE:LUCK - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.07 EPS for the quarter, missing analysts' consensus estimates of $0.23 by ($0.16). Lucky Strike Entertainment had a net margin of 0.21% and a negative return on equity of 23.31%. The firm had revenue of $339.88 million for the quarter, compared to analyst estimates of $361.42 million. On average, equities analysts anticipate that Lucky Strike Entertainment will post 0.43 EPS for the current year.

Lucky Strike Entertainment Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 23rd were given a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a dividend yield of 2.27%. The ex-dividend date of this dividend was Friday, May 23rd. Lucky Strike Entertainment's dividend payout ratio (DPR) is -314.29%.

Insider Activity at Lucky Strike Entertainment

In other news, CEO Thomas F. Shannon bought 20,000 shares of the business's stock in a transaction that occurred on Wednesday, May 28th. The shares were bought at an average cost of $8.73 per share, for a total transaction of $174,600.00. Following the acquisition, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Robert M. Lavan acquired 4,000 shares of the stock in a transaction on Friday, May 9th. The shares were acquired at an average price of $8.30 per share, for a total transaction of $33,200.00. Following the acquisition, the chief financial officer now owns 84,238 shares of the company's stock, valued at approximately $699,175.40. The trade was a 4.99% increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 73,384 shares of company stock worth $626,098 in the last quarter. 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.