Lucky Strike Entertainment (NYSE:LUCK) Receives $8.69 Consensus Target Price from Analysts

Shares of Lucky Strike Entertainment (NYSE:LUCK) have earned an average recommendation of “Hold” from the ten analysts that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $8.6875.

Several research firms recently commented on LUCK. 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. Wall Street Zen lowered Lucky Strike Entertainment from a “hold” rating to a “sell” rating in a research report on Saturday, January 31st. Craig Hallum lowered Lucky Strike Entertainment from a “buy” rating to a “hold” rating and set a $6.50 price target on the stock. in a research report on Thursday, May 7th. Canaccord Genuity Group set a $13.00 target price on Lucky Strike Entertainment in a research report on Thursday, February 5th. Finally, Jefferies Financial Group set a $12.00 target price on Lucky Strike Entertainment in a research report on Wednesday, May 6th.

Insider Activity

In other Lucky Strike Entertainment news, insider Lev Ekster sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $8.47, for a total value of $25,410.00. Following the transaction, the insider directly owned 64,296 shares of the company’s stock, valued at $544,587.12. This represents a 4.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 84.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Lucky Strike Entertainment

A number of institutional investors have recently made changes to their positions in the business. Rice Hall James & Associates LLC raised its position in shares of Lucky Strike Entertainment by 52.7% in 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 in the last quarter. XTX Topco Ltd acquired a new position in shares of Lucky Strike Entertainment in the 4th quarter valued at approximately $428,000. Engineers Gate Manager LP raised its position in shares of Lucky Strike Entertainment by 285.8% in the 4th quarter. Engineers Gate Manager LP now owns 46,874 shares of the company’s stock valued at $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 in the 4th quarter valued at approximately $137,000. Finally, Squarepoint Ops LLC raised its position in shares of Lucky Strike Entertainment by 110.4% in the 4th quarter. Squarepoint Ops LLC now owns 40,130 shares of the company’s stock valued at $340,000 after purchasing an additional 21,059 shares in the last quarter. 68.11% of the stock is owned by institutional investors and hedge funds.

Lucky Strike Entertainment Stock Performance

Lucky Strike Entertainment stock opened at $8.86 on Friday. The stock’s 50 day moving average price is $8.15 and its 200 day moving average price is $8.27. The firm has a market capitalization of $1.21 billion, a PE ratio of -14.29 and a beta of 0.60. Lucky Strike Entertainment has a one year low of $5.70 and a one year high of $11.61.

Lucky Strike Entertainment (NYSE:LUCK) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.07). The company had revenue of $342.23 million during the quarter, compared to analysts’ expectations of $353.77 million. On average, analysts forecast that Lucky Strike Entertainment will post -0.15 earnings per share for the current fiscal year.

Lucky Strike Entertainment Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 22nd will be given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, May 22nd. Lucky Strike Entertainment’s dividend payout ratio is presently -38.71%.

About Lucky Strike Entertainment

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.