Lucky Strike Entertainment (LUCK) Projected to Release Quarterly Earnings on Thursday

Key Points

• Lucky Strike Entertainment is expected to report quarterly results before market open on November 5. Analysts project a loss of $0.11 per share and revenue of approximately $297.79 million, following a prior-quarter earnings miss.
• LUCK shares have fallen sharply, trading at $4.04 versus a 52-week range of $3.76 to $9.59. The stock offers a 5.9% dividend yield, though its payout ratio is negative.
• Analysts maintain a consensus “Hold” rating with an $8.17 target price, while insiders have recently purchased 43,537 shares. Corporate insiders own 84.2% of the company.

Lucky Strike Entertainment (NYSE:LUCK - Get Free Report) will likely be releasing its results before the market opens on Thursday, November 5th. Analysts expect the company to announce earnings of ($0.11) per share and revenue of $297.79 million for the quarter.

Lucky Strike Entertainment (NYSE:LUCK - Get Free Report) last announced its quarterly earnings data on Thursday, August 27th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.15). The firm had revenue of $303.95 million for the quarter, compared to the consensus estimate of $311.30 million. On average, analysts expect Lucky Strike Entertainment to post ($0.02) EPS for the current fiscal year and $0.22 EPS for the next fiscal year.

Lucky Strike Entertainment Stock Performance

LUCK stock opened at $4.04 on Thursday. The firm has a market cap of $550.77 million, a P/E ratio of -11.88 and a beta of 0.66. The firm's fifty day moving average is $5.49 and its 200 day moving average is $7.33. Lucky Strike Entertainment has a 52 week low of $3.76 and a 52 week high of $9.59.

Lucky Strike Entertainment Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 22nd. Shareholders of record on Tuesday, September 8th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 5.9%. The ex-dividend date was Tuesday, September 8th. Lucky Strike Entertainment's dividend payout ratio is presently -70.59%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Zacks Research raised Lucky Strike Entertainment from a "strong sell" rating to a "hold" rating in a research note on Monday. Truist Financial decreased their price objective on Lucky Strike Entertainment from $9.00 to $8.00 and set a "buy" rating on the stock in a report on Friday, October 23rd. Jefferies Financial Group set a $10.00 target price on Lucky Strike Entertainment in a research note on Thursday, August 27th. Roth Capital set a $6.50 target price on Lucky Strike Entertainment in a report on Friday, August 28th. Finally, Stifel Nicolaus dropped their target price on Lucky Strike Entertainment from $9.00 to $8.00 and set a "buy" rating for the company in a report on Friday, August 28th. Four equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Lucky Strike Entertainment has a consensus rating of "Hold" and a consensus target price of $8.17.

Insider Transactions at Lucky Strike Entertainment

In other news, CEO Thomas Shannon acquired 30,000 shares of the firm's stock in a transaction on Wednesday, September 9th. The shares were purchased at an average price of $5.86 per share, for a total transaction of $175,800.00. Following the completion of the transaction, the chief executive officer owned 3,144,000 shares of the company's stock, valued at $18,423,840. The trade was a 0.96% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Sandeep Mathrani acquired 9,350 shares of the stock in a transaction dated Friday, August 28th. The shares were purchased at an average cost of $6.41 per share, with a total value of $59,933.50. Following the completion of the purchase, the director owned 9,350 shares of the company's stock, valued at approximately $59,933.50. The trade was a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders acquired 43,537 shares of company stock worth $261,064 in the last 90 days. Corporate insiders own 84.20% of the company's stock.

Lucky Strike Entertainment Company Profile

Lucky Strike Entertainment Corp. is an operator of location-based entertainment venues centered on bowling. The company provides recreational and social experiences through bowling lanes, arcade games, food and beverage offerings, and spaces for parties, corporate events and other group gatherings.

The company operates venues under brands that include Lucky Strike, Bowlero and AMF, serving customers across the United States and Canada. Its locations range from upscale entertainment venues to traditional bowling centers, with offerings designed for families, casual visitors, league bowlers and private-event guests.

Lucky Strike Entertainment was previously known as Bowlero Corp.

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