Lucky Strike Entertainment (NYSE:LUCK) Shares Up 10.3% – What’s Next?

Shares of Lucky Strike Entertainment (NYSE:LUCK) traded up 10.3% during mid-day trading on Monday . The company traded as high as $7.39 and last traded at $7.31. 143,454 shares traded hands during mid-day trading, a decline of 48% from the average session volume of 274,342 shares. The stock had previously closed at $6.63.

Analysts Set New Price Targets

A number of research analysts recently commented on LUCK shares. Jefferies Financial Group reissued a “buy” rating and issued a $18.00 price target on shares of Lucky Strike Entertainment in a report on Monday, December 15th. 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 report on Monday, November 10th. Wall Street Zen downgraded Lucky Strike Entertainment from a “hold” rating to a “sell” rating in a report on Saturday, January 31st. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lucky Strike Entertainment in a research report on Monday, December 29th. Finally, Roth Mkm reaffirmed a “neutral” rating and issued a $7.50 price target on shares of Lucky Strike Entertainment in a report on Thursday, February 5th. Four analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Lucky Strike Entertainment has an average rating of “Hold” and an average price target of $11.64.

Lucky Strike Entertainment Stock Performance

The company has a market capitalization of $1.04 billion, a price-to-earnings ratio of -11.43 and a beta of 0.71. The firm’s 50 day simple moving average is $8.56 and its 200-day simple moving average is $9.04.

Lucky Strike Entertainment (NYSE:LUCK) last posted its quarterly earnings results on Wednesday, February 4th. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.14). The firm had revenue of $306.86 million for the quarter, compared to analyst estimates of $313.83 million. As a group, equities analysts anticipate that Lucky Strike Entertainment will post 0.43 earnings per share for the current fiscal year.

Insider Activity

In related news, Director John Alan Young purchased 6,000 shares of the stock in a transaction on Friday, February 6th. The shares were purchased at an average cost of $6.50 per share, for a total transaction of $39,000.00. Following the completion of the transaction, the director directly owned 85,518 shares of the company’s stock, valued at approximately $555,867. The trade was a 7.55% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard Meynard Born acquired 30,000 shares of the firm’s stock in a transaction on Friday, November 28th. The shares were purchased at an average cost of $8.09 per share, for a total transaction of $242,700.00. Following the completion of the purchase, the director directly owned 30,000 shares of the company’s stock, valued at approximately $242,700. The trade was a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders have bought 36,801 shares of company stock worth $288,504. Insiders own 84.20% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Spire Wealth Management bought a new position in shares of Lucky Strike Entertainment in the 2nd quarter valued at about $42,000. PNC Financial Services Group Inc. bought a new stake in shares of Lucky Strike Entertainment during the second quarter worth approximately $50,000. State of Wyoming bought a new position in shares of Lucky Strike Entertainment during the fourth quarter worth approximately $74,000. GatePass Capital LLC bought a new position in shares of Lucky Strike Entertainment during the second quarter worth approximately $91,000. Finally, Bank of America Corp DE acquired a new stake in shares of Lucky Strike Entertainment during the second quarter worth $94,000. Institutional investors and hedge funds own 68.11% of the company’s stock.

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.