Brokerages Set Lucky Strike Entertainment (NYSE:LUCK) PT at $11.64

Shares of Lucky Strike Entertainment (NYSE:LUCK) have received a consensus recommendation of “Hold” from the nine brokerages that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $11.6429.

Several research firms have recently weighed in on LUCK. Piper Sandler reduced their price objective on Lucky Strike Entertainment from $10.00 to $9.00 and set a “neutral” rating for the company in a research note on Monday, November 10th. Roth Mkm reaffirmed a “neutral” rating and set a $7.50 target price on shares of Lucky Strike Entertainment in a research report on Thursday, February 5th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lucky Strike Entertainment in a report on Monday, December 29th. Wall Street Zen lowered Lucky Strike Entertainment from a “hold” rating to a “sell” rating in a research report on Saturday, January 31st. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $18.00 price target on shares of Lucky Strike Entertainment in a research note on Monday, December 15th.

Lucky Strike Entertainment Price Performance

NYSE LUCK opened at $8.55 on Tuesday. The company’s 50 day simple moving average is $8.37 and its 200 day simple moving average is $8.86. Lucky Strike Entertainment has a 12 month low of $5.70 and a 12 month high of $11.61. The company has a market capitalization of $1.18 billion, a P/E ratio of -13.15 and a beta of 0.70.

Lucky Strike Entertainment (NYSE:LUCK) last released its earnings results on Wednesday, February 4th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.14). The company had revenue of $306.86 million for the quarter, compared to analyst estimates of $313.83 million. On average, analysts anticipate that Lucky Strike Entertainment will post 0.43 earnings per share for the current year.

Insider Activity at Lucky Strike Entertainment

In other news, Director John Alan Young bought 6,000 shares of the company’s stock in a transaction dated Friday, February 6th. The shares were acquired at an average cost 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 approximately $555,867. The trade was a 7.55% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have bought 6,801 shares of company stock valued at $45,804 in the last ninety days. Company insiders own 84.20% of the company’s stock.

Institutional Trading of Lucky Strike Entertainment

Large investors have recently added to or reduced their stakes in the company. Spire Wealth Management purchased a new stake in shares of Lucky Strike Entertainment in the second quarter valued at $42,000. PNC Financial Services Group Inc. purchased a new position in shares of Lucky Strike Entertainment during the second quarter valued at $50,000. State of Wyoming purchased a new position in shares of Lucky Strike Entertainment during the fourth quarter valued at $74,000. GatePass Capital LLC acquired a new position in Lucky Strike Entertainment during the second quarter valued at $91,000. Finally, Bank of America Corp DE acquired a new position in Lucky Strike Entertainment during the second quarter valued at $94,000. 68.11% of the stock is owned by institutional investors and hedge funds.

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.