Lucky Strike Entertainment (NYSE:LUCK) Receives $12.10 Average Target Price from Brokerages
by Teresa Graham · The Cerbat GemLucky Strike Entertainment (NYSE:LUCK – Get Free Report) has received a consensus rating of “Hold” from the eight analysts that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $11.0833.
Several research firms have recently weighed in on LUCK. Canaccord Genuity Group set a $13.00 price objective on shares of Lucky Strike Entertainment in a research report on Thursday, February 5th. Weiss Ratings restated a “sell (d-)” rating on shares of Lucky Strike Entertainment in a research report on Monday, December 29th. Wall Street Zen lowered shares of Lucky Strike Entertainment from a “hold” rating to a “sell” rating in a research report on Saturday, January 31st. Roth Mkm restated a “neutral” rating and set a $7.50 price objective on shares of Lucky Strike Entertainment in a research report on Thursday, February 5th. Finally, JPMorgan Chase & Co. lowered shares of Lucky Strike Entertainment from a “neutral” rating to an “underweight” rating and reduced their price objective for the company from $8.00 to $6.00 in a research report on Thursday.
Check Out Our Latest Analysis on LUCK
Insider Activity
In other news, Director John Alan Young bought 6,000 shares of the firm’s stock in a transaction on Friday, February 6th. The stock was bought at an average cost of $6.50 per share, for a total transaction of $39,000.00. Following the completion of the acquisition, the director directly owned 85,518 shares in the company, valued at $555,867. This represents a 7.55% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Lev Ekster sold 3,000 shares of the firm’s 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 owned 64,296 shares of the company’s stock, valued at approximately $544,587.12. The trade was a 4.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 84.20% of the company’s stock.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the company. Rice Hall James & Associates LLC boosted its holdings 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 buying an additional 87,656 shares during the period. State of Wyoming acquired a new position in shares of Lucky Strike Entertainment in the fourth quarter worth about $74,000. Jain Global LLC acquired a new position in shares of Lucky Strike Entertainment in the third quarter worth about $121,000. Bank of America Corp DE acquired a new position in shares of Lucky Strike Entertainment in the second quarter worth about $94,000. Finally, Invesco Ltd. acquired a new position in shares of Lucky Strike Entertainment in the second quarter worth about $114,000. 68.11% of the stock is currently owned by institutional investors and hedge funds.
Lucky Strike Entertainment Trading Down 4.0%
NYSE:LUCK opened at $7.23 on Wednesday. Lucky Strike Entertainment has a twelve month low of $5.70 and a twelve month high of $11.61. The company has a 50-day moving average of $8.31 and a 200-day moving average of $8.40. The firm has a market cap of $995.64 million, a price-to-earnings ratio of -11.12 and a beta of 0.69.
Lucky Strike Entertainment (NYSE:LUCK – Get Free Report) last posted its quarterly earnings data on Wednesday, February 4th. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.14). The firm had revenue of $306.86 million for the quarter, compared to the consensus estimate of $313.83 million. On average, research analysts forecast that Lucky Strike Entertainment will post 0.01 earnings per share for the current year.
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.