Zacks Research Downgrades Lucky Strike Entertainment (NYSE:LUCK) to Strong Sell

Lucky Strike Entertainment (NYSE:LUCK) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Monday, Zacks reports.

Several other equities research analysts have also recently weighed in on the stock. Craig Hallum cut shares of 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. Jefferies Financial Group set a $10.00 price objective on shares of Lucky Strike Entertainment in a research note on Thursday, August 27th. Citigroup assumed coverage on shares of Lucky Strike Entertainment in a report on Monday, June 29th. They issued a “market perform” rating on the stock. UBS Group cut shares of Lucky Strike Entertainment to a “hold” rating and set a $6.50 target price on the stock. in a research report on Thursday, May 7th. Finally, Truist Financial set a $10.00 price target on shares of Lucky Strike Entertainment in a report on Thursday, August 27th. Four research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Lucky Strike Entertainment currently has an average rating of “Hold” and an average target price of $8.39.

Lucky Strike Entertainment Stock Down 2.7%

Shares of Lucky Strike Entertainment stock opened at $6.13 on Monday. Lucky Strike Entertainment has a twelve month low of $5.52 and a twelve month high of $10.88. The business has a 50-day moving average price of $7.03 and a 200-day moving average price of $7.80. The firm has a market cap of $837.48 million, a price-to-earnings ratio of -18.03 and a beta of 0.62.

Lucky Strike Entertainment (NYSE:LUCK) last released its quarterly earnings results on Thursday, August 27th. The company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.15). The business had revenue of $303.95 million during the quarter, compared to analyst estimates of $311.30 million. On average, equities analysts expect that Lucky Strike Entertainment will post -0.02 EPS for the current fiscal year.

Insider Transactions at Lucky Strike Entertainment

In other news, Director Sandeep Mathrani acquired 9,350 shares of the company’s stock in a transaction on Friday, August 28th. The stock was bought at an average cost of $6.41 per share, with a total value of $59,933.50. Following the completion of the purchase, the director directly owned 9,350 shares of the company’s stock, valued at $59,933.50. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders acquired 13,572 shares of company stock valued at $88,017 in the last ninety days. 84.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On Lucky Strike Entertainment

Several hedge funds and other institutional investors have recently made changes to their positions in LUCK. Rice Hall James & Associates LLC lifted its holdings 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 worth $4,003,000 after acquiring an additional 166,104 shares during the last quarter. Great Lakes Advisors LLC bought a new position in Lucky Strike Entertainment during the 2nd quarter valued at about $1,361,000. Maven Securities LTD purchased a new stake in shares of Lucky Strike Entertainment in the fourth quarter worth approximately $1,036,000. State of Wyoming purchased a new stake in Lucky Strike Entertainment in the second quarter worth $222,000. Finally, Price T Rowe Associates Inc. MD purchased a new position in Lucky Strike Entertainment in the 4th quarter worth about $137,000. Hedge funds and other institutional investors own 68.11% of the company’s stock.

More Lucky Strike Entertainment News

Here are the key news stories impacting Lucky Strike Entertainment this week:

• Positive Sentiment: Directors made multiple open-market purchases: Sandeep Mathrani bought 9,350 shares for approximately $59,934, while John Alan Young purchased 3,200 shares for roughly $19,944 across August 28 and August 31. These transactions increased their holdings and may signal that insiders view LUCK as undervalued after its recent decline. Analyst and insider activity article
• Positive Sentiment: A recent report said Lucky Strike’s fourth-quarter net loss narrowed by 65%, helped by stronger waterpark revenue and improved profitability. If sustained, the progress could strengthen the company’s path toward earnings recovery. Lucky Strike fourth-quarter results article
• Neutral Sentiment: Noble Financial forecasts seasonal losses of $0.03 per share in fiscal Q1 2027 and $0.01 in Q2, followed by $0.23 EPS in Q3. Its longer-term estimates call for $0.17 EPS in fiscal 2027 and $0.51 in fiscal 2028, suggesting possible improvement but continued near-term volatility.
• Negative Sentiment: Noble Financial lowered its fiscal 2027 EPS estimate to $0.17 from $0.32. Although the revised forecast is slightly above the current $0.15 consensus, the substantial cut points to weaker expectations for the pace of recovery.
• Negative Sentiment: Lucky Strike recently reported a $0.20-per-share quarterly loss, substantially worse than the expected $0.05 loss, while revenue of $303.95 million missed the $311.30 million estimate. The earnings shortfall remains a significant risk to the stock’s outlook.
• Negative Sentiment: LUCK remains below its 50-day and 200-day moving averages and closer to its 52-week low than its high, reflecting weak technical momentum. The company also remains unprofitable, which may limit the impact of its approximately 3.9% dividend yield.

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.