Lucky Strike Entertainment (NYSE:LUCK) Director John Alan Young Acquires 6,000 Shares

Lucky Strike Entertainment (NYSE:LUCK) Director John Alan Young acquired 6,000 shares of the stock in a transaction on Friday, February 6th. The shares were bought at an average price of $6.50 per share, for a total transaction of $39,000.00. Following the purchase, the director owned 85,518 shares in the company, valued at approximately $555,867. This trade represents a 7.55% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website.

Lucky Strike Entertainment Stock Up 3.8%

NYSE LUCK traded up $0.27 on Tuesday, hitting $7.46. The company’s stock had a trading volume of 99,010 shares, compared to its average volume of 282,302. The firm has a market cap of $1.04 billion, a PE ratio of -11.48 and a beta of 0.71. The company’s 50-day moving average is $8.59 and its 200 day moving average is $9.07. Lucky Strike Entertainment has a 1-year low of $5.70 and a 1-year high of $13.25.

Lucky Strike Entertainment (NYSE:LUCK) last issued its 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 during the quarter, compared to the consensus estimate of $313.83 million. On average, equities analysts expect that Lucky Strike Entertainment will post 0.43 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently commented on LUCK. Wall Street Zen downgraded shares of Lucky Strike Entertainment from a “hold” rating to a “sell” rating in a research note on Saturday, January 31st. Jefferies Financial Group reissued a “buy” rating and issued a $18.00 target price on shares of Lucky Strike Entertainment in a report on Monday, December 15th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lucky Strike Entertainment in a research report on Monday, December 29th. Piper Sandler dropped their target price on shares of Lucky Strike Entertainment from $10.00 to $9.00 and set a “neutral” rating on the stock in a report on Monday, November 10th. Finally, Canaccord Genuity Group set a $13.00 price objective on Lucky Strike Entertainment in a report on Thursday. Four research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Lucky Strike Entertainment currently has a consensus rating of “Hold” and a consensus target price of $11.64.

Institutional Trading of Lucky Strike Entertainment

A number of large investors have recently modified their holdings of LUCK. Champlain Investment Partners LLC purchased a new stake in Lucky Strike Entertainment in the second quarter valued at approximately $23,774,000. Private Management Group Inc. purchased a new position in Lucky Strike Entertainment during the second quarter worth about $17,143,000. Systematic Financial Management LP acquired a new stake in Lucky Strike Entertainment in the second quarter valued at about $5,785,000. Millennium Management LLC lifted its holdings in shares of Lucky Strike Entertainment by 291.5% in the 3rd quarter. Millennium Management LLC now owns 412,218 shares of the company’s stock valued at $4,221,000 after buying an additional 306,931 shares during the period. Finally, Primecap Management Co. CA purchased a new stake in shares of Lucky Strike Entertainment during the 2nd quarter worth $2,985,000. Hedge funds and other institutional investors own 68.11% of the company’s stock.

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.