Robert M. Lavan Acquires 4,000 Shares of Lucky Strike Entertainment (NYSE:LUCK) Stock

Lucky Strike Entertainment (NYSE:LUCK - Get Free Report) CFO Robert M. Lavan bought 4,000 shares of the company's stock in a transaction on Friday, May 9th. The stock was bought at an average price of $8.30 per share, with a total value of $33,200.00. Following the completion of the acquisition, the chief financial officer now owns 84,238 shares in the company, valued at $699,175.40. This represents a 4.99% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Lucky Strike Entertainment Stock Up 2.7%

Lucky Strike Entertainment stock traded up $0.24 during mid-day trading on Monday, hitting $9.01. The company's stock had a trading volume of 239,351 shares, compared to its average volume of 440,913. Lucky Strike Entertainment has a twelve month low of $7.66 and a twelve month high of $14.92. The firm has a market capitalization of $1.29 billion, a PE ratio of -900.10 and a beta of 0.80. The firm's fifty day simple moving average is $9.29.

Lucky Strike Entertainment (NYSE:LUCK - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.16). Lucky Strike Entertainment had a net margin of 1.11% and a negative return on equity of 35.76%. The company had revenue of $339.88 million during the quarter, compared to the consensus estimate of $361.42 million. As a group, analysts anticipate that Lucky Strike Entertainment will post 0.43 earnings per share for the current year.

Lucky Strike Entertainment Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 23rd will be issued a $0.055 dividend. The ex-dividend date is Friday, May 23rd. This represents a $0.22 annualized dividend and a yield of 2.44%. Lucky Strike Entertainment's dividend payout ratio (DPR) is presently -2,200.00%.

Analysts Set New Price Targets

LUCK has been the topic of several recent research reports. JPMorgan Chase & Co. dropped their price target on Lucky Strike Entertainment from $12.00 to $10.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Truist Financial reduced their price objective on shares of Lucky Strike Entertainment from $14.00 to $11.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Roth Capital downgraded shares of 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. Finally, Canaccord Genuity Group reissued a "buy" rating and set a $16.00 target price (down previously from $18.00) on shares of Lucky Strike Entertainment in a research report on Monday, May 5th.

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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