Lucky Strike Entertainment (NYSE:LUCK - Get Free Report) traded up 3.6% on Friday after Stifel Nicolaus raised their price target on the stock from $12.00 to $13.00. Stifel Nicolaus currently has a buy rating on the stock. Lucky Strike Entertainment traded as high as $11.00 and last traded at $10.84. 21,070 shares were traded during trading, a decline of 94% from the average session volume of 347,814 shares. The stock had previously closed at $10.46.
Other research analysts have also issued reports about the company. Canaccord Genuity Group reiterated a "buy" rating and issued a $16.00 price objective (down from $18.00) on shares of Lucky Strike Entertainment in a research report on Monday, May 5th. Zacks Research upgraded Lucky Strike Entertainment to a "strong sell" rating in a research note on Tuesday, August 12th. Finally, 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 research note on Monday, May 12th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Lucky Strike Entertainment currently has a consensus rating of "Hold" and an average price target of $11.80.
Read Our Latest Analysis on LUCK
Institutional Trading of Lucky Strike Entertainment
Large investors have recently modified their holdings of the stock. Farther Finance Advisors LLC purchased a new stake in shares of Lucky Strike Entertainment during the second quarter worth $30,000. Spire Wealth Management purchased a new stake in shares of Lucky Strike Entertainment during the second quarter worth $42,000. PNC Financial Services Group Inc. purchased a new stake in shares of Lucky Strike Entertainment during the second quarter worth $50,000. Bank of America Corp DE purchased a new stake in shares of Lucky Strike Entertainment during the second quarter worth $94,000. Finally, Invesco Ltd. acquired a new position in shares of Lucky Strike Entertainment during the second quarter worth $114,000. Hedge funds and other institutional investors own 68.11% of the company's stock.
Lucky Strike Entertainment Price Performance
The business's 50 day moving average is $9.98 and its 200 day moving average is $9.69. The stock has a market cap of $1.56 billion, a price-to-earnings ratio of -158.98 and a beta of 0.75.
Lucky Strike Entertainment Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 29th will be paid a dividend of $0.055 per share. The ex-dividend date is Friday, August 29th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.0%. Lucky Strike Entertainment's payout ratio is presently -314.29%.
Lucky Strike Entertainment Company Profile
(
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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