Lucky Strike Entertainment (NYSE:LUCK - Get Free Report)'s share price was up 2.6% on Tuesday . The company traded as high as $9.55 and last traded at $9.37. Approximately 362,070 shares changed hands during mid-day trading, an increase of 31% from the average daily volume of 277,083 shares. The stock had previously closed at $9.13.
Analyst Ratings Changes
Several brokerages have recently issued reports on LUCK. 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. Canaccord Genuity Group reissued a "buy" rating and set a $16.00 price objective (down from $18.00) on shares of Lucky Strike Entertainment in a research note on Monday, May 5th. Roth Capital lowered Lucky Strike Entertainment from a "buy" rating to a "neutral" rating and set a $9.00 price objective for the company. in a research note on Monday, May 12th. Stifel Nicolaus decreased their price target on Lucky Strike Entertainment from $13.00 to $12.00 and set a "buy" rating on the stock in a report on Friday, June 20th. Finally, JPMorgan Chase & Co. lowered their price target 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. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $11.60.
Read Our Latest Research Report on Lucky Strike Entertainment
Lucky Strike Entertainment Stock Up 4.2%
The business has a 50-day moving average price of $9.15. The stock has a market capitalization of $1.37 billion, a P/E ratio of -139.55 and a beta of 0.74.
Lucky Strike Entertainment (NYSE:LUCK - Get Free Report) last issued its quarterly 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 23.31% and a net margin of 0.21%. The business had revenue of $339.88 million for the quarter, compared to the consensus estimate of $361.42 million. Equities research analysts anticipate that Lucky Strike Entertainment will post 0.43 earnings per share for the current fiscal year.
Lucky Strike Entertainment Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, June 6th. Shareholders 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 dividend on an annualized basis and a yield of 2.25%. Lucky Strike Entertainment's payout ratio is -314.29%.
Insider Transactions at Lucky Strike Entertainment
In related news, President Lev Ekster purchased 3,034 shares of the firm's stock in a transaction dated Friday, May 9th. The stock was purchased at an average price of $8.24 per share, with a total value of $25,000.16. Following the completion of the purchase, the president owned 69,295 shares of the company's stock, valued at approximately $570,990.80. The trade was a 4.58% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Thomas F. Shannon purchased 20,000 shares of the stock in a transaction that occurred 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 acquisition, the chief executive officer directly owned 2,364,000 shares of the company's stock, valued at $20,637,720. This trade represents a 0.85% increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 73,384 shares of company stock worth $626,098. 79.90% of the stock is currently owned by insiders.
About Lucky Strike Entertainment
(
Get Free Report)
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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