Noble Financial Has Negative Opinion of LUCK FY2028 Earnings

Lucky Strike Entertainment (NYSE:LUCK) – Equities research analysts at Noble Financial lowered their FY2028 EPS estimates for Lucky Strike Entertainment in a report issued on Monday, November 9th. Noble Financial analyst M. Kupinski now forecasts that the company will post earnings of $0.43 per share for the year, down from their previous forecast of $0.51. The consensus estimate for Lucky Strike Entertainment’s current full-year earnings is ($0.02) per share.

LUCK has been the subject of several other reports. Weiss Ratings restated a “sell (d)” rating on shares of Lucky Strike Entertainment in a report on Thursday, October 29th. Jefferies Financial Group set a $10.00 price target on Lucky Strike Entertainment in a research report on Thursday, August 27th. Roth Capital set a $6.50 price target on Lucky Strike Entertainment in a research note on Friday, August 28th. Zacks Research upgraded Lucky Strike Entertainment from a “strong sell” rating to a “hold” rating in a research report on Monday, October 26th. Finally, Stifel Nicolaus lowered their price objective on 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. Four research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $8.06.

Lucky Strike Entertainment Trading Down 0.8%

LUCK opened at $3.77 on Tuesday. Lucky Strike Entertainment has a 12 month low of $3.57 and a 12 month high of $9.59. The business’s 50-day moving average price is $5.07 and its 200-day moving average price is $7.12. The company has a market cap of $513.83 million, a P/E ratio of -8.76 and a beta of 0.71.

Lucky Strike Entertainment (NYSE:LUCK) last posted its quarterly earnings results on Thursday, November 5th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.10). The business had revenue of $302.64 million for the quarter, compared to analyst estimates of $297.79 million.

Institutional Trading of Lucky Strike Entertainment

Large investors have recently added to or reduced their stakes in the stock. Rice Hall James & Associates LLC increased 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 valued at $4,003,000 after purchasing an additional 166,104 shares during the period. Great Lakes Advisors LLC bought a new position in Lucky Strike Entertainment in the 2nd quarter worth $1,361,000. Finally, Squarepoint Ops LLC raised 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. Institutional investors own 68.11% of the company’s stock.

Insiders Place Their Bets

In other Lucky Strike Entertainment news, CEO Thomas F. Shannon bought 30,000 shares of Lucky Strike Entertainment stock in a transaction dated Wednesday, September 9th. The shares were purchased at an average cost of $5.86 per share, with a total value of $175,800.00. Following the completion of the purchase, the chief executive officer owned 3,144,000 shares of the company’s stock, valued at approximately $18,423,840. This represents 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 this hyperlink. Also, Director John Young bought 7,453 shares of Lucky Strike Entertainment stock in a transaction dated Monday, November 9th. The shares were acquired at an average cost of $3.74 per share, for a total transaction of $27,874.22. Following the completion of the purchase, the director directly owned 104,714 shares of the company’s stock, valued at approximately $391,630.36. This trade represents a 7.66% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders acquired 58,533 shares of company stock worth $318,055. 61.38% of the stock is currently owned by company insiders.

Lucky Strike Entertainment Dividend Announcement

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. The ex-dividend date of this dividend was Tuesday, September 8th. This represents a $0.24 dividend on an annualized basis and a yield of 6.4%. Lucky Strike Entertainment’s dividend payout ratio is presently -55.81%.

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.