Rice Hall James & Associates LLC Has $2.67 Million Stock Position in Lucky Strike Entertainment $LUCK

Rice Hall James & Associates LLC raised its position in shares of Lucky Strike Entertainment (NYSE:LUCK) by 38.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 315,085 shares of the company’s stock after purchasing an additional 87,656 shares during the period. Rice Hall James & Associates LLC owned approximately 0.23% of Lucky Strike Entertainment worth $2,669,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. State of Wyoming acquired a new position in Lucky Strike Entertainment during the fourth quarter valued at approximately $74,000. Bank of America Corp DE acquired a new position in Lucky Strike Entertainment during the second quarter valued at approximately $94,000. Jain Global LLC acquired a new position in Lucky Strike Entertainment during the third quarter valued at approximately $121,000. R Squared Ltd acquired a new position in Lucky Strike Entertainment during the third quarter valued at approximately $123,000. Finally, Invesco Ltd. acquired a new position in Lucky Strike Entertainment during the second quarter valued at approximately $114,000. 68.11% of the stock is currently owned by institutional investors and hedge funds.

Lucky Strike Entertainment Stock Performance

NYSE LUCK opened at $8.06 on Wednesday. The firm’s fifty day moving average price is $8.25 and its two-hundred day moving average price is $8.35. The stock has a market cap of $1.10 billion, a PE ratio of -13.00 and a beta of 0.60. Lucky Strike Entertainment has a fifty-two week low of $5.70 and a fifty-two week high of $11.61.

Lucky Strike Entertainment (NYSE:LUCK) last posted its earnings results on Wednesday, May 6th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.07). The business had revenue of $342.23 million for the quarter, compared to analysts’ expectations of $353.77 million. As a group, sell-side analysts predict that Lucky Strike Entertainment will post -0.2 earnings per share for the current fiscal year.

Lucky Strike Entertainment Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 22nd were paid a $0.06 dividend. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $0.24 annualized dividend and a dividend yield of 3.0%. Lucky Strike Entertainment’s payout ratio is currently -38.71%.

Insider Buying and Selling at Lucky Strike Entertainment

In related news, insider Lev Ekster sold 3,000 shares of the business’s stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $8.47, for a total value of $25,410.00. Following the sale, the insider owned 64,296 shares of the company’s stock, valued at $544,587.12. The trade was a 4.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 84.20% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Jefferies Financial Group set a $12.00 price objective on shares of Lucky Strike Entertainment in a research report on Wednesday, May 6th. JPMorgan Chase & Co. cut shares of Lucky Strike Entertainment from a “neutral” rating to an “underweight” rating and decreased their target price for the stock from $8.00 to $6.00 in a research note on Thursday, April 23rd. Stifel Nicolaus set a $9.00 target price on shares of Lucky Strike Entertainment in a research note on Thursday, May 7th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Lucky Strike Entertainment in a research note on Monday, May 4th. Finally, UBS Group cut shares of Lucky Strike Entertainment to a “hold” rating and set a $6.50 target price on the stock. in a research note on Thursday, May 7th. Three equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Lucky Strike Entertainment presently has an average rating of “Hold” and a consensus price target of $8.69.

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.