Lucky Strike Entertainment (NYSE:LUCK) Stock Price Down 5.9% – What’s Next?

Lucky Strike Entertainment (NYSE:LUCK)’s stock price was down 5.9% during mid-day trading on Friday . The stock traded as low as $12.03 and last traded at $12.03. Approximately 130,688 shares traded hands during mid-day trading, a decline of 75% from the average daily volume of 532,242 shares. The stock had previously closed at $12.79.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $12.00 target price (down from $15.00) on shares of Lucky Strike Entertainment in a research report on Friday, January 17th.

Lucky Strike Entertainment Stock Down 3.9 %

Lucky Strike Entertainment (NYSE:LUCK) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.06 earnings per share for the quarter, hitting the consensus estimate of $0.06. Lucky Strike Entertainment had a net margin of 1.11% and a negative return on equity of 35.76%. Analysts predict that Lucky Strike Entertainment will post 0.49 earnings per share for the current fiscal year.

Lucky Strike Entertainment Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, February 21st will be paid a $0.055 dividend. This represents a $0.22 annualized dividend and a yield of 1.79%. The ex-dividend date of this dividend is Friday, February 21st. Lucky Strike Entertainment’s dividend payout ratio is presently -2,197.80%.

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.