Lucky Strike Entertainment's (LUCK) "Sell (D)" Rating Reiterated at Weiss Ratings

Key Points

• Lucky Strike Entertainment's stock has been given a **"Sell (D)" rating** by Weiss Ratings, while Zacks Research upgraded it to a **"Hold" rating**.
• The company's recent earnings report revealed a loss of **($0.49) per share**, missing estimates by **($0.42)**, though it reported revenue of **$301.18 million**, surpassing expectations.
• Insider transactions show that President **Lev Ekster** acquired over **2,500 shares** at an average cost of **$9.99 per share**, highlighting increased insider confidence in the company's performance.

Lucky Strike Entertainment (NYSE:LUCK - Get Free Report)'s stock had its "sell (d)" rating restated by equities researchers at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

Several other analysts also recently weighed in on LUCK. Zacks Research upgraded shares of Lucky Strike Entertainment from a "strong sell" rating to a "hold" rating in a report on Wednesday, September 10th. Canaccord Genuity Group reiterated a "buy" rating and issued a $16.00 target price on shares of Lucky Strike Entertainment in a report on Friday, August 29th. Stifel Nicolaus lifted their target price on shares of Lucky Strike Entertainment from $12.00 to $13.00 and gave the company a "buy" rating in a report on Friday, August 29th. Finally, Roth Capital restated a "neutral" rating and issued a $11.00 price target on shares of Lucky Strike Entertainment in a research note on Friday, August 29th. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $12.20.

Lucky Strike Entertainment Stock Performance

Lucky Strike Entertainment stock opened at $10.10 on Wednesday. Lucky Strike Entertainment has a fifty-two week low of $7.66 and a fifty-two week high of $13.25. The firm has a 50 day moving average price of $10.06 and a 200 day moving average price of $9.59. The company has a market capitalization of $1.42 billion, a PE ratio of -77.69 and a beta of 0.74.

Lucky Strike Entertainment (NYSE:LUCK - Get Free Report) last posted its earnings results on Thursday, August 28th. The company reported ($0.49) earnings per share for the quarter, missing the consensus estimate 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 analyst estimates of $295.07 million. Lucky Strike Entertainment has set its FY 2025 guidance at EPS. As a group, equities research analysts forecast that Lucky Strike Entertainment will post 0.43 earnings per share for the current year.

Insider Activity

In other news, President Lev Ekster acquired 2,505 shares of the firm's stock in a transaction dated Friday, September 5th. The stock was acquired at an average cost of $9.99 per share, with a total value of $25,024.95. Following the transaction, the president owned 71,800 shares in the company, valued at approximately $717,282. This trade represents a 3.61% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Over the last three months, insiders have acquired 5,179 shares of company stock worth $51,627. 79.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Lucky Strike Entertainment

Several institutional investors have recently modified their holdings of the company. GatePass Capital LLC purchased a new stake in shares of Lucky Strike Entertainment during the 2nd quarter worth $91,000. State of Wyoming purchased a new stake in shares of Lucky Strike Entertainment during the 2nd quarter worth $222,000. Bank of America Corp DE purchased a new stake in shares of Lucky Strike Entertainment during the 2nd quarter worth $94,000. Jane Street Group LLC purchased a new stake in shares of Lucky Strike Entertainment during the 2nd quarter worth $1,117,000. Finally, Invesco Ltd. purchased a new stake in shares of Lucky Strike Entertainment during the 2nd quarter worth $114,000. 68.11% of the stock is owned by hedge funds and other institutional investors.

About Lucky Strike Entertainment

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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