Insider Selling: Lucky Strike Entertainment (NYSE:LUCK) Vice Chairman Sells $20,165,388.36 in Stock

Lucky Strike Entertainment (NYSE:LUCK) Vice Chairman Brett I. Parker sold 1,747,434 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $11.54, for a total transaction of $20,165,388.36. Following the completion of the sale, the insider now owns 498,092 shares of the company’s stock, valued at approximately $5,747,981.68. The trade was a 77.82 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Lucky Strike Entertainment Stock Down 0.7 %

Lucky Strike Entertainment stock opened at $10.63 on Monday. The company has a market cap of $1.52 billion, a P/E ratio of -1,061.94 and a beta of 0.77. The firm’s fifty day simple moving average is $10.76. Lucky Strike Entertainment has a 1-year low of $9.61 and a 1-year high of $14.92.

Lucky Strike Entertainment (NYSE:LUCK) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.06 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.06. Lucky Strike Entertainment had a net margin of 1.11% and a negative return on equity of 35.76%. As a group, equities research analysts anticipate that Lucky Strike Entertainment will post 0.43 EPS for the current year.

Lucky Strike Entertainment Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Friday, February 21st will be issued a $0.055 dividend. The ex-dividend date of this dividend is Friday, February 21st. This represents a $0.22 annualized dividend and a yield of 2.07%. Lucky Strike Entertainment’s dividend payout ratio (DPR) is presently -2,197.80%.

Analyst Upgrades and Downgrades

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

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.