Key Points
- Insider sale: Lev Ekster sold 3,000 shares on April 15 at an average price of $8.47 for $25,410, reducing his position by 4.46% to 64,296 shares (worth about $544,587).
- Quarterly results: Lucky Strike missed expectations, reporting a loss of $0.11 EPS vs. a $0.03 estimate and revenue of $306.86M vs. $313.83M, while analysts forecast $0.43 EPS for the current year.
- Market and analyst outlook: LUCK trades near $8.50 with a market cap around $1.17B, an average analyst rating of "Hold" and an average target price of $12.10, and roughly 68% institutional ownership.
Lucky Strike Entertainment (NYSE:LUCK - Get Free Report) insider Lev Ekster sold 3,000 shares of the stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $8.47, for a total transaction of $25,410.00. Following the completion of the transaction, the insider directly owned 64,296 shares of the company's stock, valued at $544,587.12. This trade represents a 4.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Lucky Strike Entertainment Trading Up 0.8%
LUCK opened at $8.51 on Friday. The company has a market cap of $1.17 billion, a P/E ratio of -13.08 and a beta of 0.69. The company's 50 day moving average is $8.19 and its 200-day moving average is $8.48. Lucky Strike Entertainment has a 1-year low of $5.70 and a 1-year high of $11.61.
Lucky Strike Entertainment (NYSE:LUCK - Get Free Report) last released its quarterly earnings data on Wednesday, February 4th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.03 by ($0.14). The company had revenue of $306.86 million for the quarter, compared to analyst estimates of $313.83 million. On average, equities analysts forecast that Lucky Strike Entertainment will post 0.43 EPS for the current year.
Analyst Upgrades and Downgrades
LUCK has been the subject of several research analyst reports. Roth Mkm reiterated a "neutral" rating and set a $7.50 price target on shares of Lucky Strike Entertainment in a report on Thursday, February 5th. Wall Street Zen lowered Lucky Strike Entertainment from a "hold" rating to a "sell" rating in a research report on Saturday, January 31st. Canaccord Genuity Group set a $13.00 target price on Lucky Strike Entertainment in a report on Thursday, February 5th. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of Lucky Strike Entertainment in a research report on Monday, December 29th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $12.10.
View Our Latest Stock Report on Lucky Strike Entertainment
Institutional Investors Weigh In On Lucky Strike Entertainment
Institutional investors have recently added to or reduced their stakes in the business. XTX Topco Ltd acquired a new position in Lucky Strike Entertainment in the 4th quarter valued at approximately $428,000. Engineers Gate Manager LP lifted its holdings in shares of Lucky Strike Entertainment by 285.8% during the fourth quarter. Engineers Gate Manager LP now owns 46,874 shares of the company's stock worth $397,000 after purchasing an additional 34,724 shares during the period. Price T Rowe Associates Inc. MD bought a new stake in shares of Lucky Strike Entertainment in the fourth quarter worth $137,000. Rice Hall James & Associates LLC grew its stake in shares of Lucky Strike Entertainment by 38.5% in the fourth quarter. Rice Hall James & Associates LLC now owns 315,085 shares of the company's stock worth $2,669,000 after purchasing an additional 87,656 shares during the last quarter. Finally, Squarepoint Ops LLC increased its holdings in Lucky Strike Entertainment by 110.4% in the fourth quarter. Squarepoint Ops LLC now owns 40,130 shares of the company's stock valued at $340,000 after purchasing an additional 21,059 shares during the period. 68.11% of the stock is owned by institutional investors.
About Lucky Strike Entertainment
(
Get Free Report)
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.
Further Reading
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