Lucky Strike Entertainment (NYSE:LUCK) Receives $11.64 Average Target Price from Analysts

Shares of Lucky Strike Entertainment (NYSE:LUCK) have been assigned an average rating of “Hold” from the nine analysts that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $11.6429.

Several equities research analysts recently commented on LUCK shares. Wall Street Zen lowered Lucky Strike Entertainment from a “hold” rating to a “sell” rating in a research report on Saturday, January 31st. Roth Mkm reaffirmed a “neutral” rating and set a $7.50 price objective on shares of Lucky Strike Entertainment in a research report on Thursday, February 5th. Piper Sandler dropped their target price on shares of Lucky Strike Entertainment from $10.00 to $9.00 and set a “neutral” rating on the stock in a research report on Monday, November 10th. Canaccord Genuity Group set a $13.00 target price on shares of Lucky Strike Entertainment in a research note on Thursday, February 5th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Lucky Strike Entertainment in a report on Monday, December 29th.

Insider Transactions at Lucky Strike Entertainment

In other news, Director John Alan Young acquired 6,000 shares of Lucky Strike Entertainment stock in a transaction on Friday, February 6th. The stock was purchased at an average price of $6.50 per share, with a total value of $39,000.00. Following the completion of the purchase, the director owned 85,518 shares of the company’s stock, valued at approximately $555,867. The trade was a 7.55% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders purchased a total of 6,801 shares of company stock valued at $45,804 in the last 90 days. 84.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. XTX Topco Ltd acquired a new stake in shares of Lucky Strike Entertainment in the 4th quarter worth about $428,000. Engineers Gate Manager LP grew its holdings in Lucky Strike Entertainment by 285.8% during the fourth quarter. Engineers Gate Manager LP now owns 46,874 shares of the company’s stock worth $397,000 after buying an additional 34,724 shares in the last quarter. Price T Rowe Associates Inc. MD bought a new stake in Lucky Strike Entertainment during the fourth quarter worth $137,000. Rice Hall James & Associates LLC raised its position in Lucky Strike Entertainment by 38.5% in the 4th quarter. Rice Hall James & Associates LLC now owns 315,085 shares of the company’s stock valued at $2,669,000 after buying an additional 87,656 shares during the last quarter. Finally, Squarepoint Ops LLC lifted its stake in Lucky Strike Entertainment by 110.4% during the 4th quarter. Squarepoint Ops LLC now owns 40,130 shares of the company’s stock valued at $340,000 after acquiring an additional 21,059 shares in the last quarter. 68.11% of the stock is owned by institutional investors.

Lucky Strike Entertainment Stock Performance

LUCK stock opened at $8.50 on Tuesday. The company has a market capitalization of $1.17 billion, a P/E ratio of -13.08 and a beta of 0.70. Lucky Strike Entertainment has a 52-week low of $5.70 and a 52-week high of $11.61. The company has a fifty day moving average price of $8.38 and a 200-day moving average price of $8.88.

Lucky Strike Entertainment (NYSE:LUCK) last posted its quarterly earnings data on Wednesday, February 4th. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.14). The company had revenue of $306.86 million during the quarter, compared to the consensus estimate of $313.83 million. As a group, sell-side analysts forecast that Lucky Strike Entertainment will post 0.43 earnings per share for the current fiscal year.

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. Shannon in 1997 and is headquartered in Mechanicsville, VA.