Lucky Strike Entertainment (NYSE:LUCK) Hits New 1-Year Low – Should You Sell?

Lucky Strike Entertainment (NYSE:LUCK) shares hit a new 52-week low during trading on Thursday. The stock traded as low as $5.10 and last traded at $5.1310, with a volume of 5,509 shares traded. The stock had previously closed at $5.17.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on LUCK shares. Citigroup started coverage on shares of Lucky Strike Entertainment in a report on Monday, June 29th. They set a “market perform” rating for the company. Jefferies Financial Group set a $10.00 price objective on Lucky Strike Entertainment in a research note on Thursday, August 27th. Weiss Ratings reissued a “sell (d)” rating on shares of Lucky Strike Entertainment in a research report on Friday, July 31st. Wall Street Zen upgraded Lucky Strike Entertainment from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 20th. Finally, Roth Capital set a $6.50 target price on Lucky Strike Entertainment in a report on Friday, August 28th. Four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $8.39.

Lucky Strike Entertainment Stock Performance

The company’s 50 day moving average is $6.01 and its 200 day moving average is $7.27. The stock has a market capitalization of $684.24 million, a price-to-earnings ratio of -14.76 and a beta of 0.66.

Lucky Strike Entertainment (NYSE:LUCK) last posted its quarterly earnings data on Thursday, August 27th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.15). The firm had revenue of $303.95 million for the quarter, compared to the consensus estimate of $311.30 million. On average, equities research analysts anticipate that Lucky Strike Entertainment will post -0.02 earnings per share for the current fiscal year.

Lucky Strike Entertainment Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 22nd. Shareholders of record on Tuesday, September 8th were issued a $0.06 dividend. The ex-dividend date of this dividend was Tuesday, September 8th. This represents a $0.24 annualized dividend and a yield of 4.8%. Lucky Strike Entertainment’s dividend payout ratio is -70.59%.

Insider Activity at Lucky Strike Entertainment

In other news, Director Sandeep Mathrani bought 9,350 shares of Lucky Strike Entertainment stock in a transaction that occurred on Friday, August 28th. The stock was purchased at an average cost of $6.41 per share, with a total value of $59,933.50. Following the completion of the transaction, the director directly owned 9,350 shares in the company, valued at $59,933.50. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Thomas F. Shannon purchased 30,000 shares of the firm’s stock in a transaction on Wednesday, September 9th. The shares were acquired at an average price of $5.86 per share, for a total transaction of $175,800.00. Following the purchase, the chief executive officer directly owned 3,144,000 shares of the company’s stock, valued at approximately $18,423,840. This represents a 0.96% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought a total of 43,537 shares of company stock worth $261,064 in the last three months. 84.20% of the stock is owned by insiders.

Institutional Trading of Lucky Strike Entertainment

Institutional investors have recently made changes to their positions in the business. Squarepoint Ops LLC raised its position in Lucky Strike Entertainment by 69.8% in the second quarter. Squarepoint Ops LLC now owns 22,158 shares of the company’s stock worth $166,000 after purchasing an additional 9,112 shares in the last quarter. Private Management Group Inc. boosted its holdings in Lucky Strike Entertainment by 2.6% during the fourth quarter. Private Management Group Inc. now owns 1,911,134 shares of the company’s stock valued at $16,187,000 after purchasing an additional 48,093 shares in the last quarter. MYDA Advisors LLC bought a new stake in shares of Lucky Strike Entertainment in the 4th quarter valued at approximately $424,000. Rice Hall James & Associates LLC grew its stake in shares of Lucky Strike Entertainment by 38.5% in the 4th quarter. Rice Hall James & Associates LLC now owns 315,085 shares of the company’s stock valued at $2,669,000 after purchasing an additional 87,656 shares during the period. Finally, Maven Securities LTD acquired a new position in shares of Lucky Strike Entertainment in the 4th quarter worth approximately $1,036,000. 68.11% of the stock is currently owned by institutional investors and hedge funds.

Lucky Strike Entertainment Company Profile

Lucky Strike Entertainment Corporation (NYSE: LUCK) is an operator of bowling and location-based entertainment venues. Its centers offer traditional and boutique bowling, arcade games, billiards, laser tag, and other recreational activities, along with food and beverage services.

The company operates venues under brands that include Lucky Strike, Bowlero and AMF. Its facilities serve a range of customers, including families, casual entertainment seekers, league bowlers, and corporate or private-event groups.