Lucky Strike Entertainment (NYSE:LUCK) Given Average Recommendation of “Hold” by Analysts

Shares of Lucky Strike Entertainment (NYSE:LUCK) have received an average recommendation of “Hold” from the ten brokerages that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $8.6875.

A number of research firms have commented on LUCK. Craig Hallum cut shares of Lucky Strike Entertainment from a “buy” rating to a “hold” rating and set a $6.50 price target for the company. in a report on Thursday, May 7th. Stifel Nicolaus set a $9.00 price target on shares of Lucky Strike Entertainment in a report on Thursday, May 7th. Wall Street Zen cut shares of Lucky Strike Entertainment from a “hold” rating to a “sell” rating in a report on Saturday, January 31st. Jefferies Financial Group set a $12.00 price target on shares of Lucky Strike Entertainment in a report on Wednesday, May 6th. Finally, JPMorgan Chase & Co. cut shares of Lucky Strike Entertainment from a “neutral” rating to an “underweight” rating and reduced their price target for the stock from $8.00 to $6.00 in a report on Thursday, April 23rd.

Lucky Strike Entertainment Trading Up 0.8%

NYSE:LUCK opened at $8.21 on Friday. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of -13.24 and a beta of 0.60. The firm has a fifty day simple moving average of $8.16 and a two-hundred day simple moving average of $8.26. Lucky Strike Entertainment has a 12 month low of $5.70 and a 12 month high of $11.61.

Lucky Strike Entertainment (NYSE:LUCK) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.07). The business had revenue of $342.23 million for the quarter, compared to analyst estimates of $353.77 million. Equities analysts predict that Lucky Strike Entertainment will post -0.15 earnings per share for the current fiscal year.

Lucky Strike Entertainment Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 22nd will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Friday, May 22nd. Lucky Strike Entertainment’s dividend payout ratio (DPR) is currently -38.71%.

Insider Activity

In other news, insider Lev Ekster sold 3,000 shares of Lucky Strike Entertainment stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $8.47, for a total transaction of $25,410.00. Following the completion of the transaction, the insider directly owned 64,296 shares in the company, valued at $544,587.12. This trade represents a 4.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 84.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Engineers Gate Manager LP grew its holdings in shares of Lucky Strike Entertainment by 285.8% during the fourth quarter. Engineers Gate Manager LP now owns 46,874 shares of the company’s stock valued at $397,000 after buying an additional 34,724 shares during the last quarter. Price T Rowe Associates Inc. MD acquired a new position in shares of Lucky Strike Entertainment during the fourth quarter valued at about $137,000. XTX Topco Ltd acquired a new position in shares of Lucky Strike Entertainment during the second quarter valued at about $123,000. Jain Global LLC acquired a new position in shares of Lucky Strike Entertainment during the third quarter valued at about $121,000. Finally, Invesco Ltd. acquired a new position in shares of Lucky Strike Entertainment during the second quarter valued at about $114,000. 68.11% of the stock is currently 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.