Zacks Research Upgrades Lucky Strike Entertainment (NYSE:LUCK) to "Hold"

Key Points

• Lucky Strike Entertainment received an upgrade from Zacks Research, moving from a "strong sell" rating to a "hold" rating, indicating a more favorable outlook.
• The company's stock saw a 4.8% increase recently, with shares opening at $10.06, while the market capitalization stands at $1.41 billion.
• Insider trading activity includes President Lev Ekster purchasing 2,505 shares at approximately $9.99 each, increasing his holdings in the company.

Zacks Research upgraded shares of Lucky Strike Entertainment (NYSE:LUCK - Free Report) from a strong sell rating to a hold rating in a research note released on Wednesday,Zacks.com reports.

Several other equities analysts have also issued reports on LUCK. Stifel Nicolaus boosted their price objective on Lucky Strike Entertainment from $12.00 to $13.00 and gave the company a "buy" rating in a research report on Friday, August 29th. Roth Capital reiterated a "neutral" rating and issued a $11.00 price objective on shares of Lucky Strike Entertainment in a research report on Friday, August 29th. Finally, Canaccord Genuity Group reiterated a "buy" rating and issued a $16.00 price objective on shares of Lucky Strike Entertainment in a research report on Friday, August 29th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, Lucky Strike Entertainment has an average rating of "Moderate Buy" and an average price target of $12.20.

Lucky Strike Entertainment Trading Down 1.6%

Shares of LUCK stock traded down $0.16 on Wednesday, reaching $9.79. The company had a trading volume of 272,955 shares, compared to its average volume of 342,975. The stock has a market cap of $1.37 billion, a PE ratio of -75.30 and a beta of 0.76. The company has a 50-day moving average of $10.14 and a 200-day moving average of $9.57. Lucky Strike Entertainment has a 12 month low of $7.66 and a 12 month high of $13.25.

Lucky Strike Entertainment (NYSE:LUCK - Get Free Report) last announced its quarterly earnings results on Thursday, August 28th. The company reported ($0.49) EPS for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.42). Lucky Strike Entertainment had a negative net margin of 0.83% and a negative return on equity of 23.31%. The company had revenue of $301.18 million during the quarter, compared to the consensus estimate of $295.07 million. Lucky Strike Entertainment has set its FY 2025 guidance at EPS. Sell-side analysts anticipate that Lucky Strike Entertainment will post 0.43 earnings per share for the current year.

Lucky Strike Entertainment Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 29th were paid a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Friday, August 29th. Lucky Strike Entertainment's dividend payout ratio is -169.23%.

Insiders Place Their Bets

In other Lucky Strike Entertainment news, President Lev Ekster purchased 2,505 shares of the company's stock in a transaction that occurred on Friday, September 5th. The shares were acquired at an average price of $9.99 per share, for a total transaction of $25,024.95. Following the purchase, the president owned 71,800 shares in the company, valued at approximately $717,282. The trade was a 3.61% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. In the last quarter, insiders acquired 5,179 shares of company stock valued at $51,627. 79.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Lucky Strike Entertainment

Large investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC bought a new stake in Lucky Strike Entertainment in the 2nd quarter valued at $30,000. Spire Wealth Management bought a new position in Lucky Strike Entertainment during the 2nd quarter worth $42,000. PNC Financial Services Group Inc. bought a new position in Lucky Strike Entertainment during the 2nd quarter worth $50,000. Bank of America Corp DE bought a new position in Lucky Strike Entertainment during the 2nd quarter worth $94,000. Finally, Invesco Ltd. bought a new position in Lucky Strike Entertainment during the 2nd quarter worth $114,000. Institutional investors own 68.11% 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.