Lucky Strike Entertainment (NYSE:LUCK) Shares Up 9.2% – Time to Buy?

Lucky Strike Entertainment (NYSE:LUCK)’s share price traded up 9.2% during trading on Tuesday . The stock traded as high as $9.50 and last traded at $9.48. 48,272 shares changed hands during mid-day trading, a decline of 65% from the average session volume of 139,416 shares. The stock had previously closed at $8.68.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. 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. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lucky Strike Entertainment in a report on Monday, December 29th. Wall Street Zen cut shares of Lucky Strike Entertainment from a “hold” rating to a “sell” rating in a report on Saturday, December 6th. Zacks Research raised shares of Lucky Strike Entertainment from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 10th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $18.00 target price on shares of Lucky Strike Entertainment in a research report on Monday, December 15th. Four investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $12.57.

Lucky Strike Entertainment Price Performance

The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of -23.18 and a beta of 0.71. The stock’s 50 day simple moving average is $8.36 and its 200-day simple moving average is $9.32.

Lucky Strike Entertainment (NYSE:LUCK) last released its quarterly earnings results on Wednesday, May 17th. The company reported $0.27 earnings per share for the quarter. The business had revenue of $257.82 million for the quarter. As a group, equities research analysts anticipate that Lucky Strike Entertainment will post 0.43 earnings per share for the current fiscal year.

Insider Buying and Selling at Lucky Strike Entertainment

In related news, Director Richard Meynard Born purchased 30,000 shares of the firm’s stock in a transaction dated Friday, November 28th. The stock was bought at an average price of $8.09 per share, for a total transaction of $242,700.00. Following the purchase, the director owned 30,000 shares in the company, valued at $242,700. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders bought a total of 32,401 shares of company stock valued at $262,149 over the last ninety days. 84.20% of the stock is owned by insiders.

Institutional Investors Weigh In On Lucky Strike Entertainment

A number of large investors have recently added to or reduced their stakes in the stock. Millennium Management LLC grew its holdings in Lucky Strike Entertainment by 291.5% during the third quarter. Millennium Management LLC now owns 412,218 shares of the company’s stock valued at $4,221,000 after purchasing an additional 306,931 shares during the last quarter. Jain Global LLC acquired a new position in Lucky Strike Entertainment in the 3rd quarter valued at $121,000. UBS Group AG grew its stake in Lucky Strike Entertainment by 46.7% in the 3rd quarter. UBS Group AG now owns 172,518 shares of the company’s stock valued at $1,767,000 after buying an additional 54,919 shares during the last quarter. FourThought Financial Partners LLC bought a new position in Lucky Strike Entertainment in the 3rd quarter worth $261,000. Finally, R Squared Ltd acquired a new position in Lucky Strike Entertainment during the 3rd quarter worth $123,000. Institutional investors own 68.11% of the company’s stock.

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.