Lucky Strike Entertainment (NYSE:LUCK) Receives $11.67 Average Price Target from Analysts

by · The Cerbat Gem

Shares of Lucky Strike Entertainment (NYSE:LUCK – Get Free Report) have been given a consensus rating of “Hold” by the eight analysts that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $11.6667.

LUCK has been the topic of a number of recent analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Lucky Strike Entertainment in a research note on Monday. Wall Street Zen raised shares of Lucky Strike Entertainment from a “sell” rating to a “hold” rating in a research report on Sunday, November 16th. Stifel Nicolaus boosted their price objective on shares of Lucky Strike Entertainment from $12.00 to $13.00 and gave the stock a “buy” rating in a research note on Friday, August 29th. Canaccord Genuity Group reiterated a “buy” rating and issued a $16.00 target price on shares of Lucky Strike Entertainment in a research note on Friday, August 29th. Finally, Zacks Research upgraded shares of Lucky Strike Entertainment from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 10th.

View Our Latest Research Report on LUCK

Lucky Strike Entertainment Trading Up 3.4%

Shares of NYSE:LUCK opened at $7.70 on Friday. The stock has a market capitalization of $1.08 billion, a PE ratio of -20.26 and a beta of 0.72. Lucky Strike Entertainment has a 1 year low of $6.96 and a 1 year high of $13.25. The firm has a fifty day moving average price of $8.80 and a 200 day moving average price of $9.39.

Lucky Strike Entertainment (NYSE:LUCK – Get Free Report) last announced its quarterly earnings results on Wednesday, May 17th. The company reported $0.27 earnings per share for the quarter. The company had revenue of $257.82 million during the quarter. Lucky Strike Entertainment had a negative return on equity of 23.31% and a negative net margin of 3.80%. On average, sell-side analysts forecast that Lucky Strike Entertainment will post 0.43 earnings per share for the current fiscal year.

Insider Activity at Lucky Strike Entertainment

In other Lucky Strike Entertainment news, President Lev Ekster acquired 2,505 shares of the business’s stock in a transaction that occurred on Friday, September 5th. The stock was acquired at an average price of $9.99 per share, with a total value of $25,024.95. Following the transaction, the president owned 71,800 shares of the company’s stock, valued at approximately $717,282. This trade represents a 3.61% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders bought 6,779 shares of company stock valued at $64,272 in the last 90 days. Insiders own 84.20% of the company’s stock.

Institutional Trading of Lucky Strike Entertainment

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Champlain Investment Partners LLC acquired a new position in shares of Lucky Strike Entertainment during the second quarter worth approximately $23,774,000. Private Management Group Inc. bought a new position in Lucky Strike Entertainment during the second quarter worth $17,143,000. Systematic Financial Management LP acquired a new position in Lucky Strike Entertainment during the 2nd quarter valued at $5,785,000. Millennium Management LLC raised its stake in Lucky Strike Entertainment by 291.5% during the 3rd quarter. Millennium Management LLC now owns 412,218 shares of the company’s stock valued at $4,221,000 after purchasing an additional 306,931 shares during the last quarter. Finally, Primecap Management Co. CA bought a new stake in Lucky Strike Entertainment in the 2nd quarter valued at $2,985,000. Institutional investors and hedge funds own 68.11% of the company’s stock.

Lucky Strike Entertainment Company Profile

(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.

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