Lucky Strike Entertainment (NYSE:LUCK) Price Target Raised to $13.00 at Stifel Nicolaus

Key Points

• Stifel Nicolaus has raised its price target for Lucky Strike Entertainment from $12.00 to $13.00, indicating a potential upside of 23.57% from the stock's previous close and maintaining a "buy" rating.
• Other analysts have mixed opinions, with Canaccord Genuity lowering its target to $16.00 and Zacks Research assigning a "strong sell" rating, while the overall average price target stands at $11.80.
• Institutional investors control 68.11% of the company's shares, with several firms acquiring new positions during the second quarter, indicating strong institutional interest.

Lucky Strike Entertainment (NYSE:LUCK - Get Free Report) had its price objective hoisted by stock analysts at Stifel Nicolaus from $12.00 to $13.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. Stifel Nicolaus' price objective suggests a potential upside of 23.57% from the stock's previous close.

Other analysts also recently issued reports about the stock. Canaccord Genuity Group reiterated a "buy" rating and issued a $16.00 target price (down from $18.00) on shares of Lucky Strike Entertainment in a report on Monday, May 5th. Roth Capital lowered shares of Lucky Strike Entertainment from a "buy" rating to a "neutral" rating and set a $9.00 price target on the stock. in a research report on Monday, May 12th. Finally, Zacks Research raised Lucky Strike Entertainment to a "strong sell" rating in a report on Tuesday, August 12th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $11.80.

Lucky Strike Entertainment Stock Down 1.4%

NYSE:LUCK opened at $10.52 on Friday. The business's 50-day moving average price is $9.98 and its 200 day moving average price is $9.69. Lucky Strike Entertainment has a 52-week low of $7.66 and a 52-week high of $13.25. The firm has a market cap of $1.47 billion, a P/E ratio of -150.26 and a beta of 0.75.

Institutional Investors Weigh In On Lucky Strike Entertainment

Institutional investors and hedge funds have recently modified their holdings of the business. Bullseye Asset Management LLC acquired a new position in Lucky Strike Entertainment during the second quarter worth $954,000. Private Management Group Inc. bought 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 position in shares of Lucky Strike Entertainment during the 2nd quarter valued at about $2,985,000. Spire Wealth Management acquired a new position in shares of Lucky Strike Entertainment during the 2nd quarter valued at about $42,000. Finally, Bessemer Group Inc. bought a new position in shares of Lucky Strike Entertainment in the 2nd quarter valued at approximately $407,000. Institutional investors and hedge funds own 68.11% 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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