Great Lakes Advisors LLC Purchases New Stake in Lucky Strike Entertainment $LUCK

Great Lakes Advisors LLC acquired a new position in Lucky Strike Entertainment (NYSE:LUCK) in the 2nd quarter, Holdings Channel reports. The firm acquired 181,951 shares of the company’s stock, valued at approximately $1,361,000.

A number of other hedge funds have also made changes to their positions in the business. Rice Hall James & Associates LLC boosted its position in Lucky Strike Entertainment by 52.7% during the 1st quarter. Rice Hall James & Associates LLC now owns 481,189 shares of the company’s stock worth $4,003,000 after purchasing an additional 166,104 shares during the period. XTX Topco Ltd purchased a new position in Lucky Strike Entertainment in the fourth quarter valued at about $428,000. Engineers Gate Manager LP lifted its stake in shares of 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 purchasing an additional 34,724 shares in the last quarter. Price T Rowe Associates Inc. MD acquired a new position in shares of Lucky Strike Entertainment during the fourth quarter worth about $137,000. Finally, Squarepoint Ops LLC boosted its position in shares of Lucky Strike Entertainment by 110.4% in the fourth quarter. Squarepoint Ops LLC now owns 40,130 shares of the company’s stock worth $340,000 after buying an additional 21,059 shares during the period. Hedge funds and other institutional investors own 68.11% of the company’s stock.

Lucky Strike Entertainment Stock Up 3.3%

Shares of Lucky Strike Entertainment stock opened at $6.80 on Friday. The business has a fifty day simple moving average of $7.23 and a 200-day simple moving average of $7.83. Lucky Strike Entertainment has a fifty-two week low of $5.70 and a fifty-two week high of $11.19. The firm has a market cap of $929.02 million, a price-to-earnings ratio of -10.97 and a beta of 0.63.

Analyst Ratings Changes

Several equities analysts recently commented on the company. UBS Group lowered Lucky Strike Entertainment to a “hold” rating and set a $6.50 price target on the stock. in a research report on Thursday, May 7th. Stifel Nicolaus set a $9.00 price objective on shares of Lucky Strike Entertainment in a research report on Thursday, May 7th. Truist Financial dropped their price objective on shares of Lucky Strike Entertainment from $10.00 to $9.00 and set a “buy” rating on the stock in a research note on Monday, July 20th. Citizens Jmp assumed coverage on shares of Lucky Strike Entertainment in a research report on Monday, June 29th. They set a “market perform” rating on the stock. Finally, Craig Hallum lowered shares of Lucky Strike Entertainment from a “buy” rating to a “hold” rating and set a $6.50 price objective on the stock. in a report on Thursday, May 7th. Four investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $8.72.

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.