Brokerages Set Lucky Strike Entertainment (NYSE:LUCK) Target Price at $12.57

Shares of Lucky Strike Entertainment (NYSE:LUCK) have received an average recommendation of “Hold” from the nine research firms that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $12.5714.

Several research firms have recently commented on LUCK. Jefferies Financial Group reissued a “buy” rating and set a $18.00 target price on shares of Lucky Strike Entertainment in a research note on Monday, December 15th. Weiss Ratings reissued a “sell (d-)” rating on shares of Lucky Strike Entertainment in a report on Monday, December 29th. Piper Sandler lowered their price target on shares of Lucky Strike Entertainment from $10.00 to $9.00 and set a “neutral” rating on the stock in a research note on Monday, November 10th. Finally, Wall Street Zen upgraded shares of Lucky Strike Entertainment from a “sell” rating to a “hold” rating in a report on Saturday, January 10th.

Lucky Strike Entertainment Stock Performance

LUCK opened at $9.23 on Monday. The stock has a market capitalization of $1.29 billion, a P/E ratio of -24.29 and a beta of 0.71. Lucky Strike Entertainment has a one year low of $6.96 and a one year high of $13.25. The business’s 50-day simple moving average is $8.48 and its 200-day simple moving average is $9.31.

Lucky Strike Entertainment (NYSE:LUCK) last announced its earnings results on Tuesday, November 4th. The company reported ($0.12) EPS for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.03. The business had revenue of $292.28 million during the quarter, compared to analysts’ expectations of $282.98 million. On average, equities research analysts forecast that Lucky Strike Entertainment will post 0.43 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Richard Meynard Born purchased 30,000 shares of the company’s stock in a transaction dated Friday, November 28th. The stock was acquired at an average price of $8.09 per share, for a total transaction of $242,700.00. Following the completion of the transaction, the director directly owned 30,000 shares in the company, valued at $242,700. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Insiders acquired 32,401 shares of company stock worth $262,149 in the last quarter. 84.20% of the stock is currently owned by insiders.

Institutional Trading of Lucky Strike Entertainment

Several large investors have recently modified their holdings of LUCK. Farther Finance Advisors LLC purchased a new stake in shares of Lucky Strike Entertainment in the second quarter valued at $30,000. Spire Wealth Management acquired a new position in Lucky Strike Entertainment in the 2nd quarter valued at about $42,000. PNC Financial Services Group Inc. purchased a new position in Lucky Strike Entertainment in the 2nd quarter valued at about $50,000. GatePass Capital LLC purchased a new position in Lucky Strike Entertainment in the 2nd quarter valued at about $91,000. Finally, Bank of America Corp DE acquired a new stake in shares of Lucky Strike Entertainment during the 2nd quarter worth about $94,000. 68.11% of the stock is currently owned by institutional investors and hedge funds.

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. Shannon in 1997 and is headquartered in Mechanicsville, VA.