Lucky Strike Entertainment (NYSE:LUCK) Stock Has Average Target Price of $8.17 According to Brokerages

Lucky Strike Entertainment (NYSE:LUCK) has received an average rating of “Hold” from the thirteen brokerages that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $8.17.

Several equities analysts have recently commented on LUCK shares. Roth Capital set a $6.50 target price on shares of Lucky Strike Entertainment in a research report on Friday, August 28th. Truist Financial cut their price target on shares of Lucky Strike Entertainment from $9.00 to $8.00 and set a “buy” rating for the company in a report on Friday, October 23rd. Zacks Research upgraded shares of Lucky Strike Entertainment from a “strong sell” rating to a “hold” rating in a research report on Monday, October 26th. Weiss Ratings reissued a “sell (d)” rating on shares of Lucky Strike Entertainment in a research note on Thursday, October 29th. Finally, Stifel Nicolaus lowered their price objective on shares of Lucky Strike Entertainment from $9.00 to $8.00 and set a “buy” rating for the company in a research report on Friday, August 28th.

Lucky Strike Entertainment Stock Up 1.2%

LUCK stock opened at $3.79 on Friday. The company has a market cap of $517.37 million, a PE ratio of -8.83 and a beta of 0.71. The business has a 50-day simple moving average of $5.12 and a 200 day simple moving average of $7.15. Lucky Strike Entertainment has a 52 week low of $3.57 and a 52 week high of $9.59.

Lucky Strike Entertainment (NYSE:LUCK) last posted its quarterly earnings data on Thursday, November 5th. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.10). The company had revenue of $302.64 million for the quarter, compared to analyst estimates of $297.79 million. On average, analysts anticipate that Lucky Strike Entertainment will post -0.02 EPS for the current fiscal year.

Lucky Strike Entertainment Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 22nd. Shareholders of record on Tuesday, September 8th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date of this dividend was Tuesday, September 8th. Lucky Strike Entertainment’s dividend payout ratio (DPR) is currently -70.59%.

Key Stories Impacting Lucky Strike Entertainment

Here are the key news stories impacting Lucky Strike Entertainment this week:

• Positive Sentiment: Management reaffirmed fiscal 2027 EBITDA guidance of $340 million–$360 million and said it is targeting about $100 million in debt reduction. These goals may reassure investors about earnings expectations and balance-sheet priorities. Read article
• Neutral Sentiment: Quarterly revenue was $302.64 million, above analysts’ $297.79 million estimate. The company also guided to about $1.3 billion in fiscal 2027 revenue, in line with consensus. Read article
• Negative Sentiment: Lucky Strike reported a quarterly loss of $0.21 per share, wider than the expected $0.11 loss and the $0.12 loss a year earlier. The company also suspended its dividend, removing an income source for shareholders and highlighting its focus on debt reduction; these factors have contributed to recent share-price weakness. Read article

Insider Buying and Selling at Lucky Strike Entertainment

In related news, Director Sandeep Mathrani bought 9,350 shares of the business’s stock in a transaction on Friday, August 28th. The shares were purchased at an average price of $6.41 per share, for a total transaction of $59,933.50. Following the completion of the transaction, the director directly owned 9,350 shares of the company’s stock, valued at approximately $59,933.50. This represents a ? increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Thomas F. Shannon bought 30,000 shares of the firm’s stock in a transaction on Wednesday, September 9th. The shares were bought at an average cost of $5.86 per share, for a total transaction of $175,800.00. Following the purchase, the chief executive officer owned 3,144,000 shares of the company’s stock, valued at approximately $18,423,840. The trade was a 0.96% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders bought 43,537 shares of company stock worth $261,064. Corporate insiders own 84.20% of the company’s stock.

Institutional Investors Weigh In On Lucky Strike Entertainment

Several hedge funds have recently modified their holdings of the company. Squarepoint Ops LLC increased its holdings in Lucky Strike Entertainment by 69.8% in the 2nd quarter. Squarepoint Ops LLC now owns 22,158 shares of the company’s stock worth $166,000 after purchasing an additional 9,112 shares in the last quarter. Great Lakes Advisors LLC bought a new position in Lucky Strike Entertainment in the second quarter valued at about $1,361,000. Finally, Rice Hall James & Associates LLC boosted its stake in shares of Lucky Strike Entertainment by 52.7% during the first quarter. Rice Hall James & Associates LLC now owns 481,189 shares of the company’s stock valued at $4,003,000 after purchasing an additional 166,104 shares in the last quarter. Institutional investors and hedge funds own 68.11% of the company’s stock.

About Lucky Strike Entertainment

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.