Lucky Strike Entertainment (NYSE:LUCK) Issues Earnings Results, Misses Estimates By $0.18 EPS

Lucky Strike Entertainment (NYSE:LUCK) released its earnings results on Thursday. The company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.18), FiscalAI reports. The company had revenue of $303.95 million for the quarter, compared to analyst estimates of $311.30 million.

Lucky Strike Entertainment Stock Down 0.3%

Shares of NYSE LUCK opened at $6.68 on Thursday. The business’s 50 day moving average price is $7.14 and its two-hundred day moving average price is $7.83. The company has a market cap of $912.63 million, a PE ratio of -10.77 and a beta of 0.63. Lucky Strike Entertainment has a twelve month low of $5.70 and a twelve month high of $11.19.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Craig Hallum downgraded Lucky Strike Entertainment from a “buy” rating to a “hold” rating and set a $6.50 price target for the company. in a research note on Thursday, May 7th. Jefferies Financial Group set a $12.00 price objective on Lucky Strike Entertainment in a research note on Wednesday, May 6th. Weiss Ratings reissued a “sell (d)” rating on shares of Lucky Strike Entertainment in a report on Friday, July 31st. Citigroup started coverage on shares of Lucky Strike Entertainment in a research note on Monday, June 29th. They issued a “market perform” rating for the company. Finally, Truist Financial lowered their target price on shares of Lucky Strike Entertainment from $10.00 to $9.00 and set a “buy” rating on the stock in a report on Monday, July 20th. Four research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $8.72.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC bought a new stake in Lucky Strike Entertainment in the 2nd quarter valued at $2,661,000. XTX Topco Ltd acquired a new stake in Lucky Strike Entertainment during the 2nd quarter valued at $123,000. Invesco Ltd. acquired a new stake in Lucky Strike Entertainment during the 2nd quarter valued at $114,000. Jane Street Group LLC bought a new position in Lucky Strike Entertainment during the second quarter worth $1,117,000. Finally, Bank of America Corp DE bought a new position in Lucky Strike Entertainment during the second quarter worth $94,000. 68.11% of the stock is currently owned by 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.