Lucky Strike Entertainment (NYSE:LUCK) Receives Average Rating of “Hold” from Brokerages

Shares of Lucky Strike Entertainment (NYSE:LUCK) have been given a consensus recommendation of “Hold” by the nine analysts that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $11.6429.

Several research firms recently commented on LUCK. Canaccord Genuity Group set a $13.00 price objective on shares of Lucky Strike Entertainment in a report on Thursday, February 5th. Wall Street Zen cut shares of Lucky Strike Entertainment from a “hold” rating to a “sell” rating in a report on Saturday, January 31st. Roth Mkm restated a “neutral” rating and set a $7.50 target price on shares of Lucky Strike Entertainment in a research report on Thursday, February 5th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lucky Strike Entertainment in a report on Monday, December 29th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $18.00 price target on shares of Lucky Strike Entertainment in a research report on Monday, December 15th.

Insider Buying and Selling

In other news, Director John Alan Young purchased 6,000 shares of Lucky Strike Entertainment stock in a transaction dated Friday, February 6th. The stock was purchased at an average cost of $6.50 per share, for a total transaction of $39,000.00. Following the transaction, the director directly owned 85,518 shares of the company’s stock, 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 this hyperlink. 84.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Lucky Strike Entertainment

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Systematic Financial Management LP bought a new position in Lucky Strike Entertainment in the 2nd quarter worth about $5,785,000. Millennium Management LLC increased its position in shares of Lucky Strike Entertainment by 291.5% in the third quarter. Millennium Management LLC now owns 412,218 shares of the company’s stock worth $4,221,000 after purchasing an additional 306,931 shares during the last quarter. Geode Capital Management LLC bought a new position in shares of Lucky Strike Entertainment in the second quarter worth approximately $2,661,000. Jane Street Group LLC purchased a new stake in Lucky Strike Entertainment in the second quarter valued at approximately $1,117,000. Finally, Maven Securities LTD bought a new stake in Lucky Strike Entertainment during the fourth quarter valued at approximately $1,036,000. 68.11% of the stock is currently owned by hedge funds and other institutional investors.

Lucky Strike Entertainment Stock Up 2.1%

NYSE LUCK opened at $8.49 on Friday. The company has a market cap of $1.17 billion, a PE ratio of -13.07 and a beta of 0.68. Lucky Strike Entertainment has a 52 week low of $5.70 and a 52 week high of $11.61. The firm’s 50-day simple moving average is $8.08 and its two-hundred day simple moving average is $8.58.

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

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.