Lucky Strike Entertainment (NYSE:LUCK) Stock Price Down 8.4% After Earnings Miss

Key Points

• Lucky Strike Entertainment's stock fell 8.4% to $9.77 after reporting a significant earnings miss, with earnings per share at ($0.49), missing estimates by ($0.42).
• The company announced a quarterly dividend of $0.055 per share, which reflects an annualized dividend yield of 2.2%, despite a negative dividend payout ratio of -314.29%.
• Analysts have shown mixed reactions, with ratings ranging from "strong sell" to "buy," and an average price target of $11.60, indicating cautious sentiment towards the stock's performance.

Lucky Strike Entertainment (NYSE:LUCK - Get Free Report)'s share price was down 8.4% during mid-day trading on Thursday following a dissappointing earnings announcement. The stock traded as low as $9.57 and last traded at $9.77. Approximately 99,186 shares changed hands during mid-day trading, a decline of 71% from the average daily volume of 348,012 shares. The stock had previously closed at $10.67.

The company reported ($0.49) earnings per share for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.42). Lucky Strike Entertainment had a net margin of 0.21% and a negative return on equity of 23.31%. Lucky Strike Entertainment has set its FY 2025 guidance at EPS.

Lucky Strike Entertainment Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 29th will be given a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, August 29th. Lucky Strike Entertainment's dividend payout ratio is currently -314.29%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on LUCK shares. Zacks Research raised shares of Lucky Strike Entertainment to a "strong sell" rating in a research report on Tuesday, August 12th. Roth Capital cut shares of Lucky Strike Entertainment from a "buy" rating to a "neutral" rating and set a $9.00 target price for the company. in a research report on Monday, May 12th. Stifel Nicolaus decreased their target price on shares of Lucky Strike Entertainment from $13.00 to $12.00 and set a "buy" rating for the company in a research report on Friday, June 20th. Finally, Canaccord Genuity Group reaffirmed a "buy" rating and issued a $16.00 price target (down from $18.00) on shares of Lucky Strike Entertainment in a research note on Monday, May 5th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $11.60.

Institutional Trading of Lucky Strike Entertainment

Several institutional investors and hedge funds have recently added to or reduced their stakes in LUCK. Champlain Investment Partners LLC acquired a new stake in Lucky Strike Entertainment during the second quarter valued at approximately $23,774,000. Private Management Group Inc. acquired a new stake in Lucky Strike Entertainment during the second quarter valued at approximately $17,143,000. Systematic Financial Management LP acquired a new stake in Lucky Strike Entertainment during the second quarter valued at approximately $5,785,000. Primecap Management Co. CA acquired a new stake in Lucky Strike Entertainment during the second quarter valued at approximately $2,985,000. Finally, Geode Capital Management LLC acquired a new stake in Lucky Strike Entertainment during the second quarter valued at approximately $2,661,000. 68.11% of the stock is owned by institutional investors and hedge funds.

Lucky Strike Entertainment Trading Down 7.9%

The firm has a market cap of $1.38 billion, a PE ratio of -140.41 and a beta of 0.75. The company's 50-day moving average is $9.97 and its 200 day moving average is $9.70.

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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