Lucky Strike Entertainment (NYSE:LUCK) Trading Down 5.9% – Should You Sell?

Lucky Strike Entertainment (NYSE:LUCK)’s share price was down 5.9% on Monday . The company traded as low as $8.26 and last traded at $8.2450. Approximately 26,343 shares were traded during mid-day trading, a decline of 82% from the average daily volume of 149,012 shares. The stock had previously closed at $8.76.

Analyst Ratings Changes

LUCK has been the topic of several research analyst reports. UBS Group downgraded Lucky Strike Entertainment to a “hold” rating and set a $6.50 target price on the stock. in a research note on Thursday, May 7th. Weiss Ratings reiterated a “sell (d)” rating on shares of Lucky Strike Entertainment in a research note on Monday, May 4th. JPMorgan Chase & Co. downgraded Lucky Strike Entertainment from a “neutral” rating to an “underweight” rating and lowered their price target for the stock from $8.00 to $6.00 in a report on Thursday, April 23rd. 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 note on Thursday, May 7th. Finally, Jefferies Financial Group set a $12.00 price objective on shares of Lucky Strike Entertainment in a report on Wednesday, May 6th. Three investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Lucky Strike Entertainment has an average rating of “Hold” and a consensus target price of $8.69.

Lucky Strike Entertainment Stock Down 2.9%

The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of -13.72 and a beta of 0.60. The company’s 50 day moving average price is $8.27 and its 200 day moving average price is $8.34.

Lucky Strike Entertainment (NYSE:LUCK) last released its earnings results on Wednesday, May 6th. The company reported $0.10 earnings per share (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. As a group, analysts expect that Lucky Strike Entertainment will post -0.2 earnings per share for the current year.

Lucky Strike Entertainment Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 22nd were issued a $0.06 dividend. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.8%. Lucky Strike Entertainment’s dividend payout ratio is currently -38.71%.

Insider Activity

In related news, insider Lev Ekster sold 3,000 shares of Lucky Strike Entertainment stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $8.47, for a total transaction of $25,410.00. Following the completion of the sale, the insider owned 64,296 shares of the company’s stock, valued at $544,587.12. The trade was a 4.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 bought and sold shares of LUCK. State of Wyoming acquired a new stake in Lucky Strike Entertainment during the 4th quarter valued at approximately $74,000. Bank of America Corp DE acquired a new stake in shares of Lucky Strike Entertainment in the second quarter worth $94,000. Jain Global LLC purchased a new position in shares of Lucky Strike Entertainment during the third quarter worth $121,000. R Squared Ltd purchased a new position in shares of Lucky Strike Entertainment during the third quarter worth $123,000. Finally, Invesco Ltd. acquired a new position in Lucky Strike Entertainment during the second quarter valued at $114,000. 68.11% of the stock is owned by hedge funds and other institutional investors.

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.