Lucky Strike Entertainment (NYSE:LUCK) Reaches New 12-Month Low – Should You Sell?

Lucky Strike Entertainment (NYSE:LUCK)’s share price hit a new 52-week low on Wednesday . The company traded as low as $5.52 and last traded at $5.5250, with a volume of 105187 shares. The stock had previously closed at $5.81.

Analysts Set New Price Targets

A number of research firms recently issued reports on LUCK. Weiss Ratings reiterated a “sell (d)” rating on shares of Lucky Strike Entertainment in a research note on Friday, July 31st. Zacks Research lowered shares of Lucky Strike Entertainment from a “hold” rating to a “strong sell” rating in a research report on Monday, August 31st. Citizens Jmp initiated coverage on Lucky Strike Entertainment in a research report on Monday, June 29th. They issued a “market perform” rating on the stock. Jefferies Financial Group set a $10.00 price target on Lucky Strike Entertainment in a research report on Thursday, August 27th. Finally, Citigroup started coverage on Lucky Strike Entertainment in a research report on Monday, June 29th. They set a “market perform” rating for the company. Four analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $8.39.

Lucky Strike Entertainment Stock Down 0.3%

The stock’s 50-day moving average is $6.78 and its 200-day moving average is $7.69. The firm has a market cap of $753.22 million, a P/E ratio of -16.25 and a beta of 0.62.

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

Lucky Strike Entertainment Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 22nd. Investors of record on Tuesday, September 8th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 4.3%. The ex-dividend date is Tuesday, September 8th. Lucky Strike Entertainment’s dividend payout ratio (DPR) is presently -70.59%.

Insider Transactions at Lucky Strike Entertainment

In other news, CEO Thomas Shannon bought 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 9th. The shares were acquired at an average cost of $5.86 per share, with a total value of $175,800.00. Following the completion of the transaction, the chief executive officer directly owned 3,144,000 shares in the company, valued at $18,423,840. This represents a 0.96% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Sandeep Mathrani purchased 9,350 shares of the stock in a transaction that occurred on Friday, August 28th. The shares were purchased at an average price of $6.41 per share, for a total transaction of $59,933.50. Following the completion of the purchase, the director directly owned 9,350 shares of the company’s stock, valued at approximately $59,933.50. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders have purchased 42,550 shares of company stock worth $255,678. 84.20% of the stock is owned by company insiders.

Institutional Trading of Lucky Strike Entertainment

A number of institutional investors and hedge funds have recently modified their holdings of the company. Geode Capital Management LLC acquired a new position in shares of Lucky Strike Entertainment in the second quarter valued at $2,661,000. XTX Topco Ltd acquired a new stake in shares of Lucky Strike Entertainment during the 2nd quarter valued at about $123,000. Invesco Ltd. acquired a new stake in shares of Lucky Strike Entertainment during the 2nd quarter valued at about $114,000. Jane Street Group LLC acquired a new stake in shares of Lucky Strike Entertainment during the 2nd quarter valued at about $1,117,000. Finally, Bank of America Corp DE bought a new position in Lucky Strike Entertainment during the second quarter worth about $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.