Lucky Strike Entertainment (NYSE:LUCK) Receives Consensus Rating of “Hold” from Brokerages

Shares of Lucky Strike Entertainment (NYSE:LUCK) have been assigned a consensus recommendation of “Hold” from the thirteen research firms that are presently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $8.7222.

A number of brokerages recently weighed in on LUCK. Citizens Jmp initiated coverage on shares of Lucky Strike Entertainment in a research report on Monday, June 29th. They issued a “market perform” rating on the stock. Truist Financial decreased their price objective on shares of Lucky Strike Entertainment from $10.00 to $9.00 and set a “buy” rating for the company in a report on Monday, July 20th. Citigroup assumed coverage on shares of Lucky Strike Entertainment in a research note on Monday, June 29th. They issued a “market perform” rating for the company. UBS Group lowered shares of Lucky Strike Entertainment to a “hold” rating and set a $6.50 target price on the stock. in a report on Thursday, May 7th. Finally, Jefferies Financial Group set a $12.00 price target on shares of Lucky Strike Entertainment in a research report on Wednesday, May 6th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. State of Wyoming acquired a new position in Lucky Strike Entertainment in the fourth quarter valued at about $74,000. Bank of America Corp DE bought a new stake in shares of Lucky Strike Entertainment in the second quarter worth about $94,000. Invesco Ltd. acquired a new stake in shares of Lucky Strike Entertainment during the second quarter worth about $114,000. Jain Global LLC acquired a new stake in shares of Lucky Strike Entertainment during the third quarter worth about $121,000. Finally, XTX Topco Ltd acquired a new position in shares of Lucky Strike Entertainment in the second quarter valued at approximately $123,000. 68.11% of the stock is currently owned by institutional investors.

Lucky Strike Entertainment Trading Down 0.4%

NYSE LUCK opened at $6.78 on Tuesday. Lucky Strike Entertainment has a 12 month low of $5.70 and a 12 month high of $11.19. The stock has a 50-day simple moving average of $7.20 and a 200 day simple moving average of $7.83. The company has a market capitalization of $925.60 million, a PE ratio of -10.93 and a beta of 0.63.

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.