Lucky Strike Entertainment (LUCK) to Release Earnings on Wednesday

Lucky Strike Entertainment (NYSE:LUCK) is anticipated to release its results before the market opens on Wednesday, May 6th. Analysts expect Lucky Strike Entertainment to post earnings of $0.17 per share and revenue of $353.7720 million for the quarter.

Lucky Strike Entertainment (NYSE:LUCK) last released its earnings results on Wednesday, February 4th. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.14). The business had revenue of $306.86 million during the quarter, compared to analysts’ expectations of $313.83 million.

Lucky Strike Entertainment Stock Performance

NYSE:LUCK traded down $0.07 during mid-day trading on Monday, hitting $7.74. The company had a trading volume of 29,080 shares, compared to its average volume of 165,681. Lucky Strike Entertainment has a fifty-two week low of $5.70 and a fifty-two week high of $11.61. The business’s fifty day moving average is $8.25 and its two-hundred day moving average is $8.32. The firm has a market cap of $1.07 billion, a P/E ratio of -11.92 and a beta of 0.60.

Insider Transactions at Lucky Strike Entertainment

In other Lucky Strike Entertainment news, Director John Alan Young purchased 6,000 shares of the company’s stock in a transaction dated Friday, February 6th. The shares were bought at an average price of $6.50 per share, with a total value of $39,000.00. Following the completion of the transaction, the director directly owned 85,518 shares in the company, valued at $555,867. This trade represents 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 hyperlink. Also, insider Lev Ekster sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $8.47, for a total value of $25,410.00. Following the sale, the insider directly owned 64,296 shares in the company, valued at approximately $544,587.12. This represents a 4.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 84.20% of the company’s stock.

Institutional Investors Weigh In On Lucky Strike Entertainment

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Millennium Management LLC raised its position in Lucky Strike Entertainment by 291.5% in the 3rd quarter. Millennium Management LLC now owns 412,218 shares of the company’s stock valued at $4,221,000 after buying an additional 306,931 shares during the last quarter. Geode Capital Management LLC acquired a new stake in Lucky Strike Entertainment in the 2nd quarter valued at approximately $2,661,000. UBS Group AG raised its position in Lucky Strike Entertainment by 46.7% in the 3rd quarter. UBS Group AG now owns 172,518 shares of the company’s stock valued at $1,767,000 after buying an additional 54,919 shares during the last quarter. Jane Street Group LLC acquired a new stake in Lucky Strike Entertainment in the 2nd quarter valued at approximately $1,117,000. Finally, XTX Topco Ltd acquired a new stake in Lucky Strike Entertainment in the 4th quarter valued at approximately $428,000. Institutional investors and hedge funds own 68.11% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on LUCK. Canaccord Genuity Group set a $13.00 target price on Lucky Strike Entertainment in a research note on Thursday, February 5th. Wall Street Zen lowered Lucky Strike Entertainment from a “hold” rating to a “sell” rating in a research note on Saturday, January 31st. JPMorgan Chase & Co. lowered Lucky Strike Entertainment from a “neutral” rating to an “underweight” rating and cut their target price for the company from $8.00 to $6.00 in a research note on Thursday, April 23rd. Finally, Roth Mkm reissued a “neutral” rating and issued a $7.50 target price on shares of Lucky Strike Entertainment in a research note on Thursday, February 5th. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Lucky Strike Entertainment has an average rating of “Hold” and an average target price of $11.08.

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.