Lucky Strike Entertainment (NYSE:LUCK) Shares Gap Up – Should You Buy?

Lucky Strike Entertainment (NYSE:LUCK)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $7.54, but opened at $7.93. Lucky Strike Entertainment shares last traded at $7.86, with a volume of 30,596 shares trading hands.

Analyst Upgrades and Downgrades

LUCK has been the subject of several research analyst reports. Jefferies Financial Group reiterated a “buy” rating and set a $18.00 price target on shares of Lucky Strike Entertainment in a report on Monday, December 15th. Wall Street Zen downgraded Lucky Strike Entertainment from a “hold” rating to a “sell” rating in a research report on Saturday, January 31st. Roth Mkm reissued a “neutral” rating and set a $7.50 price target on shares of Lucky Strike Entertainment in a research note on Thursday, February 5th. Piper Sandler lowered 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. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Lucky Strike Entertainment in a report on Monday, December 29th. Four equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $11.64.

Lucky Strike Entertainment Stock Up 5.7%

The company has a market cap of $1.11 billion, a price-to-earnings ratio of -12.26 and a beta of 0.71. The firm has a 50 day moving average price of $8.54 and a two-hundred day moving average price of $9.03.

Lucky Strike Entertainment (NYSE:LUCK) last announced 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 during the quarter, compared to analyst estimates of $313.83 million. On average, equities analysts expect that Lucky Strike Entertainment will post 0.43 earnings per share for the current year.

Insider Buying and Selling at Lucky Strike Entertainment

In other news, Director Richard Meynard Born purchased 30,000 shares of the business’s stock in a transaction on Friday, November 28th. The shares were acquired at an average price of $8.09 per share, with a total value of $242,700.00. Following the completion of the transaction, the director owned 30,000 shares of the company’s stock, valued at $242,700. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John Alan Young purchased 6,000 shares of the firm’s stock in a transaction on Friday, February 6th. The shares were acquired at an average price of $6.50 per share, with a total value of $39,000.00. Following the completion of the acquisition, the director owned 85,518 shares in the company, valued at approximately $555,867. This trade represents a 7.55% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders have bought 36,801 shares of company stock valued at $288,504. 84.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in LUCK. Champlain Investment Partners LLC bought a new stake in shares of Lucky Strike Entertainment during the 2nd quarter valued at about $23,774,000. Private Management Group Inc. acquired a new position in Lucky Strike Entertainment in the second quarter valued at approximately $17,143,000. Systematic Financial Management LP bought a new position in shares of Lucky Strike Entertainment during the 2nd quarter worth approximately $5,785,000. Primecap Management Co. CA acquired a new stake in shares of Lucky Strike Entertainment during the 2nd quarter worth approximately $2,985,000. Finally, Millennium Management LLC increased its stake in shares of Lucky Strike Entertainment by 291.5% in the 3rd quarter. Millennium Management LLC now owns 412,218 shares of the company’s stock valued at $4,221,000 after acquiring an additional 306,931 shares in the last quarter. 68.11% of the stock is owned by institutional investors and hedge funds.

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.