Lucky Strike Entertainment (NYSE:LUCK) Receives Average Rating of "Hold" from Analysts

Key Points

• Analyst consensus "Hold": Nine analysts cover LUCK (1 sell, 4 hold, 4 buy) and the average 12‑month price target is $11.64.
• Earnings miss and valuation: Q4 EPS of ($0.11) missed the $0.03 estimate and revenue was $306.9M vs. $313.8M expected; the stock trades near $7.87 with a negative PE and a market cap of about $1.08B.
• Insider buying and high ownership: Director John Alan Young bought 6,000 shares at $6.50, insiders own 84.2% of shares, and institutional investors hold roughly 68.1%.

Shares of Lucky Strike Entertainment (NYSE:LUCK - Get Free Report) have received a consensus rating of "Hold" from the nine research firms that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $11.6429.

A number of brokerages have weighed in on LUCK. Jefferies Financial Group reiterated a "buy" rating and set a $18.00 price target on shares of Lucky Strike Entertainment in a research report on Monday, December 15th. Canaccord Genuity Group set a $13.00 price objective on shares of Lucky Strike Entertainment in a report on Thursday, February 5th. Wall Street Zen cut shares of Lucky Strike Entertainment from a "hold" rating to a "sell" rating in a research report on Saturday, January 31st. Roth Mkm reiterated a "neutral" rating and issued a $7.50 target price on shares of Lucky Strike Entertainment in a report on Thursday, February 5th. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of Lucky Strike Entertainment in a research report on Monday, December 29th.

Lucky Strike Entertainment Trading Down 1.6%

NYSE LUCK opened at $7.87 on Friday. The stock has a market cap of $1.08 billion, a PE ratio of -12.11 and a beta of 0.70. Lucky Strike Entertainment has a twelve month low of $5.70 and a twelve month high of $11.61. The stock has a fifty day simple moving average of $8.13 and a 200-day simple moving average of $8.62.

Lucky Strike Entertainment (NYSE:LUCK - Get Free Report) last issued its quarterly earnings data on Wednesday, February 4th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.14). The company had revenue of $306.86 million for the quarter, compared to analysts' expectations of $313.83 million. Research analysts predict that Lucky Strike Entertainment will post 0.43 EPS for the current year.

Insider Buying and Selling at Lucky Strike Entertainment

In other news, Director John Alan Young acquired 6,000 shares of the company's stock in a transaction dated Friday, February 6th. The stock was acquired at an average cost of $6.50 per share, with a total value of $39,000.00. Following the completion of the purchase, the director owned 85,518 shares of the company's stock, valued at $555,867. This represents a 7.55% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Insiders own 84.20% of the company's stock.

Hedge Funds Weigh In On Lucky Strike Entertainment

Hedge funds have recently bought and sold shares of the company. XTX Topco Ltd purchased a new position in Lucky Strike Entertainment during the 4th quarter valued at about $428,000. Engineers Gate Manager LP increased its stake in Lucky Strike Entertainment by 285.8% during the fourth quarter. Engineers Gate Manager LP now owns 46,874 shares of the company's stock worth $397,000 after purchasing an additional 34,724 shares during the period. Price T Rowe Associates Inc. MD acquired a new stake in shares of Lucky Strike Entertainment during the fourth quarter worth about $137,000. Rice Hall James & Associates LLC lifted its position in shares of Lucky Strike Entertainment by 38.5% during the fourth quarter. Rice Hall James & Associates LLC now owns 315,085 shares of the company's stock worth $2,669,000 after purchasing an additional 87,656 shares in the last quarter. Finally, Squarepoint Ops LLC boosted its stake in shares of Lucky Strike Entertainment by 110.4% in the fourth quarter. Squarepoint Ops LLC now owns 40,130 shares of the company's stock valued at $340,000 after purchasing an additional 21,059 shares during the period. 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. Shannon in 1997 and is headquartered in Mechanicsville, VA.

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