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

Lucky Strike Entertainment (NYSE:LUCK) hit a new 52-week low during mid-day trading on Friday. The company traded as low as $4.86 and last traded at $4.87, with a volume of 30,020 shares trading hands. The stock had previously closed at $5.09.

Analyst Ratings Changes

Several analysts recently issued reports on LUCK shares. Citizens Jmp began coverage on shares of Lucky Strike Entertainment in a research report on Monday, June 29th. They set a “market perform” rating for the company. Wall Street Zen upgraded Lucky Strike Entertainment from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 20th. Zacks Research downgraded Lucky Strike Entertainment from a “hold” rating to a “strong sell” rating in a research report on Monday, August 31st. Stifel Nicolaus dropped their price objective on Lucky Strike Entertainment from $9.00 to $8.00 and set a “buy” rating for the company in a research note on Friday, August 28th. Finally, Citigroup began coverage on Lucky Strike Entertainment in a research note on Monday, June 29th. They issued a “market perform” rating for the company. Four equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, Lucky Strike Entertainment presently has a consensus rating of “Hold” and an average target price of $8.39.

Lucky Strike Entertainment Stock Performance

The company has a fifty day moving average of $5.88 and a two-hundred day moving average of $7.18. The company has a market cap of $655.07 million, a PE ratio of -14.13 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 for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.15). The company had revenue of $303.95 million for the quarter, compared to the consensus estimate of $311.30 million. On average, equities analysts forecast that Lucky Strike Entertainment will post -0.02 EPS for the current year.

Lucky Strike Entertainment Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 22nd. Investors of record on Tuesday, September 8th were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 5.0%. The ex-dividend date was Tuesday, September 8th. Lucky Strike Entertainment’s payout ratio is presently -70.59%.

Insiders Place Their Bets

In other news, CEO Thomas F. Shannon purchased 30,000 shares of the business’s stock in a transaction on Wednesday, September 9th. The shares were acquired at an average cost of $5.86 per share, with a total value of $175,800.00. Following the completion of the acquisition, the chief executive officer owned 3,144,000 shares of the company’s stock, valued at $18,423,840. This trade represents a 0.96% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Sandeep Mathrani purchased 9,350 shares of the firm’s stock in a transaction on Friday, August 28th. The stock was acquired at an average price of $6.41 per share, with a total value of $59,933.50. Following the completion of the purchase, the director owned 9,350 shares of the company’s stock, valued at $59,933.50. The trade was a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders have acquired 43,537 shares of company stock valued at $261,064. 84.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On Lucky Strike Entertainment

Institutional investors and hedge funds have recently made changes to their positions in the stock. Squarepoint Ops LLC increased its position in shares of Lucky Strike Entertainment by 69.8% during 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. Rice Hall James & Associates LLC grew its holdings in shares of Lucky Strike Entertainment by 52.7% during the first quarter. Rice Hall James & Associates LLC now owns 481,189 shares of the company’s stock worth $4,003,000 after buying an additional 166,104 shares during the last quarter. Finally, Great Lakes Advisors LLC acquired a new position in Lucky Strike Entertainment in the 2nd quarter valued at about $1,361,000. 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.