Key Points
- CEO Thomas Shannon purchased 30,000 shares of Lucky Strike Entertainment at an average price of $5.86, investing $175,800 and increasing his stake to 3.144 million shares.
- LUCK shares opened at $5.48, near their 52-week low of $5.44, after the company reported a quarterly loss of $0.20 per share and revenue of $303.95 million, both below analyst expectations.
- The company declared a quarterly dividend of $0.06 per share, representing an annualized yield of about 4.4%; analysts maintain a consensus “Hold” rating with an average price target of $8.39.
Lucky Strike Entertainment (NYSE:LUCK - Get Free Report) CEO Thomas Shannon bought 30,000 shares of the business's stock in a transaction dated Wednesday, September 9th. The stock was bought at an average cost of $5.86 per share, for a total transaction of $175,800.00. Following the completion of the purchase, the chief executive officer owned 3,144,000 shares of the company's stock, valued at approximately $18,423,840. The trade was a 0.96% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.
Lucky Strike Entertainment Stock Performance
NYSE:LUCK opened at $5.48 on Thursday. The firm has a market cap of $746.68 million, a P/E ratio of -16.11 and a beta of 0.62. The firm has a 50-day simple moving average of $6.83 and a two-hundred day simple moving average of $7.71. Lucky Strike Entertainment has a fifty-two week low of $5.44 and a fifty-two week high of $10.82.
Lucky Strike Entertainment (NYSE:LUCK - Get Free Report) last announced 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 research analysts predict that Lucky Strike Entertainment will post -0.02 EPS for the current year.
Lucky Strike Entertainment Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 22nd. Stockholders of record on Tuesday, September 8th will be paid a $0.06 dividend. The ex-dividend date is Tuesday, September 8th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 4.4%. Lucky Strike Entertainment's payout ratio is currently -70.59%.
Hedge Funds Weigh In On Lucky Strike Entertainment
Hedge funds and other institutional investors have recently modified their holdings of the stock. State of Wyoming bought a new position in shares of Lucky Strike Entertainment during the fourth quarter worth $74,000. Bank of America Corp DE bought a new stake in Lucky Strike Entertainment in the 2nd quarter valued at $94,000. Invesco Ltd. bought a new stake in Lucky Strike Entertainment in the 2nd quarter valued at $114,000. Jain Global LLC purchased a new stake in Lucky Strike Entertainment in the 3rd quarter worth $121,000. Finally, XTX Topco Ltd purchased a new stake in Lucky Strike Entertainment in the 2nd quarter worth $123,000. Institutional investors own 68.11% of the company's stock.
Analysts Set New Price Targets
Several equities research analysts have recently commented on the stock. Citigroup 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 shares of 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. Citizens Jmp began coverage on Lucky Strike Entertainment in a research note on Monday, June 29th. They issued a "market perform" rating for the company. Finally, Roth Capital set a $6.50 target price on Lucky Strike Entertainment in a research report on Friday, August 28th. Four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Lucky Strike Entertainment has a consensus rating of "Hold" and an average price target of $8.39.
Check Out Our Latest Stock Analysis on LUCK
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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