Lucky Strike Entertainment (NYSE:LUCK) Upgraded at Wall Street Zen

by · The Cerbat Gem

Wall Street Zen upgraded shares of Lucky Strike Entertainment (NYSE:LUCK – Free Report) from a sell rating to a hold rating in a research note issued to investors on Saturday morning.

Several other research firms also recently weighed in on LUCK. Weiss Ratings restated a “sell (d-)” rating on shares of Lucky Strike Entertainment in a report on Monday, December 29th. Jefferies Financial Group reissued a “buy” rating and set a $18.00 target price on shares of Lucky Strike Entertainment in a research report on Monday, December 15th. Finally, Piper Sandler reduced their price target on shares of Lucky Strike Entertainment from $10.00 to $9.00 and set a “neutral” rating for the company in a report on Monday, November 10th. Four equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $12.57.

Check Out Our Latest Analysis on Lucky Strike Entertainment

Lucky Strike Entertainment Price Performance

LUCK stock opened at $9.06 on Friday. Lucky Strike Entertainment has a 12 month low of $6.96 and a 12 month high of $13.25. The firm’s 50-day moving average is $8.39 and its 200 day moving average is $9.32. The company has a market capitalization of $1.27 billion, a PE ratio of -23.84 and a beta of 0.71.

Lucky Strike Entertainment (NYSE:LUCK – Get Free Report) last issued its earnings results on Wednesday, May 17th. The company reported $0.27 EPS for the quarter. The company had revenue of $257.82 million during the quarter. Sell-side analysts forecast that Lucky Strike Entertainment will post 0.43 EPS for the current fiscal year.

Insider Buying and Selling at Lucky Strike Entertainment

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

Institutional Investors Weigh In On Lucky Strike Entertainment

Several institutional investors have recently bought and sold shares of the company. Diversified Trust Co purchased a new stake in Lucky Strike Entertainment in the second quarter valued at about $267,000. Farther Finance Advisors LLC acquired a new position in shares of Lucky Strike Entertainment during the second quarter valued at about $30,000. Bfsg LLC acquired a new position in shares of Lucky Strike Entertainment during the second quarter valued at about $137,000. North Star Investment Management Corp. purchased a new position in shares of Lucky Strike Entertainment in the 2nd quarter valued at approximately $552,000. Finally, Dakota Wealth Management acquired a new stake in Lucky Strike Entertainment in the 2nd quarter worth approximately $238,000. 68.11% of the stock is currently owned by institutional investors and hedge funds.

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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