Lucky Strike Entertainment (NYSE:LUCK) Stock Price Down 2.2% – Should You Sell?

Lucky Strike Entertainment (NYSE:LUCK)’s stock price dropped 2.2% during trading on Friday . The stock traded as low as $9.71 and last traded at $9.73. Approximately 176,593 shares changed hands during mid-day trading, a decline of 66% from the average daily volume of 519,377 shares. The stock had previously closed at $9.95.

Analyst Upgrades and Downgrades

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

Lucky Strike Entertainment Stock Performance

The stock has a 50-day simple moving average of $10.62. The stock has a market cap of $1.38 billion, a price-to-earnings ratio of -966.03 and a beta of 0.76.

Lucky Strike Entertainment (NYSE:LUCK) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.06. Lucky Strike Entertainment had a negative return on equity of 35.76% and a net margin of 1.11%. On average, sell-side analysts predict that Lucky Strike Entertainment will post 0.43 earnings per share for the current fiscal year.

Lucky Strike Entertainment Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 21st were paid a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a dividend yield of 2.28%. The ex-dividend date was Friday, February 21st. Lucky Strike Entertainment’s payout ratio is currently -2,200.00%.

Insider Buying and Selling

In related news, Director John Alan Young acquired 3,685 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The shares were bought at an average cost of $10.13 per share, with a total value of $37,329.05. Following the completion of the purchase, the director now directly owns 69,423 shares in the company, valued at $703,254.99. The trade was a 5.61 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, Vice Chairman Brett I. Parker sold 1,747,434 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $11.54, for a total transaction of $20,165,388.36. Following the sale, the insider now directly owns 498,092 shares of the company’s stock, valued at $5,747,981.68. This represents a 77.82 % decrease in their position. The disclosure for this sale can be found here. Insiders have acquired a total of 6,163 shares of company stock valued at $62,213 over the last 90 days. 79.90% of the stock is owned by insiders.

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.