Lucky Strike Entertainment (NYSE:LUCK) Given Consensus Recommendation of “Hold” by Brokerages

by · The Markets Daily

Lucky Strike Entertainment (NYSE:LUCK – Get Free Report) has been assigned a consensus recommendation of “Hold” from the nine research firms that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $12.5714.

LUCK has been the topic of several research analyst reports. Stifel Nicolaus boosted their target price on shares of Lucky Strike Entertainment from $12.00 to $13.00 and gave the stock a “buy” rating in a research report on Friday, August 29th. Wall Street Zen downgraded shares of Lucky Strike Entertainment from a “hold” rating to a “sell” rating in a report on Saturday, December 6th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lucky Strike Entertainment in a report on Monday. Roth Capital reiterated a “neutral” rating and set a $11.00 price target on shares of Lucky Strike Entertainment in a research report on Friday, August 29th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $18.00 price target on shares of Lucky Strike Entertainment in a report on Monday, December 15th.

Check Out Our Latest Research Report on Lucky Strike Entertainment

Lucky Strike Entertainment Trading Down 0.1%

Shares of LUCK opened at $8.96 on Thursday. The stock’s 50 day moving average is $8.31 and its two-hundred day moving average is $9.36. Lucky Strike Entertainment has a twelve month low of $6.96 and a twelve month high of $13.25. The firm has a market capitalization of $1.25 billion, a PE ratio of -23.58 and a beta of 0.72.

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

Insiders Place Their Bets

In other news, Director Richard Meynard Born bought 30,000 shares of the stock in a transaction on Friday, November 28th. The shares were bought at an average price of $8.09 per share, with a total value of $242,700.00. Following the completion of the acquisition, the director owned 30,000 shares of the company’s stock, valued at approximately $242,700. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders acquired a total of 32,401 shares of company stock valued at $262,149 over the last quarter. 84.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Lucky Strike Entertainment

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

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. Shannon in 1997 and is headquartered in Mechanicsville, VA.

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