Lucky Strike Entertainment (NYSE:LUCK) Receives Consensus Recommendation of “Hold” from Analysts

by · The Markets Daily

Shares of Lucky Strike Entertainment (NYSE:LUCK – Get Free Report) have been assigned an average rating of “Hold” from the nine brokerages that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $11.6429.

A number of brokerages recently weighed in on LUCK. Weiss Ratings reissued a “sell (d-)” rating on shares of Lucky Strike Entertainment in a report on Monday, December 29th. 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 research note on Thursday, February 5th. Piper Sandler dropped their target price on Lucky Strike Entertainment from $10.00 to $9.00 and set a “neutral” rating for the company in a research report on Monday, November 10th. Finally, Roth Mkm reaffirmed a “neutral” rating and set a $7.50 price target on shares of Lucky Strike Entertainment in a research note on Thursday, February 5th.

Check Out Our Latest Stock Analysis on Lucky Strike Entertainment

Insiders Place Their Bets

In other news, Director John Alan Young acquired 6,000 shares of the company’s stock in a transaction on Friday, February 6th. The stock was purchased at an average cost of $6.50 per share, with a total value of $39,000.00. Following the acquisition, the director owned 85,518 shares of the company’s stock, valued at $555,867. This trade represents a 7.55% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 84.20% of the company’s stock.

Institutional Investors Weigh In On Lucky Strike Entertainment

Institutional investors have recently modified their holdings of the business. Private Management Group Inc. acquired a new stake in Lucky Strike Entertainment during the 2nd quarter worth $17,143,000. Bullseye Asset Management LLC bought a new stake in shares of Lucky Strike Entertainment during the 2nd quarter valued at $954,000. Champlain Investment Partners LLC acquired a new position in shares of Lucky Strike Entertainment in the 2nd quarter valued at $23,774,000. Primecap Management Co. CA bought a new position in shares of Lucky Strike Entertainment in the 2nd quarter worth $2,985,000. Finally, Bessemer Group Inc. bought a new position in shares of Lucky Strike Entertainment in the 2nd quarter worth $407,000. Institutional investors and hedge funds own 68.11% of the company’s stock.

Lucky Strike Entertainment Stock Up 1.3%

Shares of NYSE:LUCK opened at $8.65 on Tuesday. Lucky Strike Entertainment has a 12 month low of $5.70 and a 12 month high of $11.61. The company’s 50-day moving average price is $8.37 and its two-hundred day moving average price is $8.84. The firm has a market cap of $1.19 billion, a P/E ratio of -13.31 and a beta of 0.70.

Lucky Strike Entertainment (NYSE:LUCK – Get Free Report) last announced its earnings results on Wednesday, February 4th. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.14). The business had revenue of $306.86 million for the quarter, compared to the consensus estimate of $313.83 million. As a group, equities analysts predict that Lucky Strike Entertainment will post 0.43 earnings per share for the current fiscal year.

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.

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