Lucky Strike Entertainment (NYSE:LUCK) Stock Price Down 0.1% - Should You Sell?

Lucky Strike Entertainment (NYSE:LUCK - Get Free Report)'s stock price fell 0.1% on Friday . The stock traded as low as $8.97 and last traded at $9.14. 295,160 shares changed hands during mid-day trading, a decline of 29% from the average session volume of 413,627 shares. The stock had previously closed at $9.15.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on LUCK shares. Roth Capital cut Lucky Strike Entertainment from a "buy" rating to a "neutral" rating and set a $9.00 price target on the stock. in a report on Monday, May 12th. Truist Financial reduced their price target on Lucky Strike Entertainment from $14.00 to $11.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Canaccord Genuity Group reissued a "buy" rating and set a $16.00 price target (down from $18.00) on shares of Lucky Strike Entertainment in a report on Monday, May 5th. Finally, JPMorgan Chase & Co. cut their price objective 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.

Lucky Strike Entertainment Stock Down 0.1%

The firm's 50-day simple moving average is $8.92. The stock has a market cap of $1.23 billion, a P/E ratio of -879.12 and a beta of 0.73.

Lucky Strike Entertainment (NYSE:LUCK - Get Free Report) last released 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). Lucky Strike Entertainment had a negative return on equity of 35.76% and a net margin of 1.11%. The firm had revenue of $339.88 million for the quarter, compared to analyst estimates of $361.42 million. Analysts forecast that Lucky Strike Entertainment will post 0.43 EPS for the current fiscal year.

Lucky Strike Entertainment Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 23rd were paid a $0.055 dividend. The ex-dividend date was Friday, May 23rd. This represents a $0.22 annualized dividend and a dividend yield of 2.50%. Lucky Strike Entertainment's dividend payout ratio is currently -314.29%.

Insider Buying and Selling

In other news, CFO Robert M. Lavan acquired 4,000 shares of Lucky Strike Entertainment stock in a transaction on Friday, May 9th. The stock was bought at an average cost 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 ownership of the stock. The purchase was disclosed in a document filed 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 on Wednesday, May 28th. The stock was purchased at an average price of $8.73 per share, with a total value of $174,600.00. Following the completion of the acquisition, the chief executive officer now owns 2,364,000 shares of the company's stock, valued at approximately $20,637,720. This trade represents a 0.85% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 73,384 shares of company stock worth $626,098 in the last ninety days. 79.90% of the stock is currently owned by corporate insiders.

Lucky Strike Entertainment Company Profile

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.