Lucky Strike Entertainment (NYSE:LUCK) Shares Down 0.1% - Here's What Happened

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 were traded 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.

Analysts Set New Price Targets

Several research firms recently issued reports on LUCK. 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. JPMorgan Chase & Co. cut their price objective on Lucky Strike Entertainment from $12.00 to $10.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Truist Financial decreased their target price 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, Roth Capital downgraded shares of Lucky Strike Entertainment from a "buy" rating to a "neutral" rating and set a $9.00 price objective on the stock. in a report on Monday, May 12th.

Lucky Strike Entertainment Price Performance

The business's 50 day moving average price is $8.93. The firm has a market capitalization of $1.28 billion, a PE ratio of -913.09 and a beta of 0.80.

Lucky Strike Entertainment (NYSE:LUCK - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.07 earnings per share for the quarter, missing analysts' consensus estimates of $0.23 by ($0.16). The business had revenue of $339.88 million for the quarter, compared to analysts' expectations of $361.42 million. Lucky Strike Entertainment had a negative return on equity of 35.76% and a net margin of 1.11%. As a group, sell-side analysts expect that Lucky Strike Entertainment will post 0.43 EPS for the current fiscal year.

Lucky Strike Entertainment Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 23rd were issued a $0.055 dividend. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $0.22 dividend on an annualized basis and a yield of 2.41%. Lucky Strike Entertainment's dividend payout ratio (DPR) is -314.29%.

Insider Activity

In related news, CEO Thomas F. Shannon purchased 44,000 shares of the company's stock in a transaction that occurred on Friday, May 9th. The stock was purchased at an average price of $8.48 per share, with a total value of $373,120.00. Following the completion of the transaction, the chief executive officer now owns 2,344,000 shares of the company's stock, valued at approximately $19,877,120. This trade represents a 1.91% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Lev Ekster purchased 3,034 shares of the firm's stock in a transaction on Friday, May 9th. The stock was bought at an average price of $8.24 per share, for a total transaction of $25,000.16. Following the acquisition, the president now owns 69,295 shares in the company, valued at $570,990.80. The trade was a 4.58% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought a total of 73,551 shares of company stock valued at $627,735 over the last 90 days. Insiders own 79.90% of the company's stock.

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.

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