Insider Selling: Lucky Strike Entertainment (NYSE:LUCK) Vice Chairman Sells 1,747,434 Shares of Stock

Lucky Strike Entertainment (NYSE:LUCK) Vice Chairman Brett I. Parker sold 1,747,434 shares of the business’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $11.54, for a total transaction of $20,165,388.36. Following the completion of the sale, the insider now directly owns 498,092 shares in the company, valued at approximately $5,747,981.68. This represents a 77.82 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Lucky Strike Entertainment Stock Down 0.7 %

LUCK opened at $10.63 on Friday. The stock’s 50-day moving average is $10.76. Lucky Strike Entertainment has a 52-week low of $9.61 and a 52-week high of $14.92. The company has a market capitalization of $1.52 billion, a price-to-earnings ratio of -1,061.94 and a beta of 0.77.

Lucky Strike Entertainment (NYSE:LUCK) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.06 earnings per share for the quarter, hitting the consensus estimate of $0.06. Lucky Strike Entertainment had a negative return on equity of 35.76% and a net margin of 1.11%. On average, equities research analysts anticipate that Lucky Strike Entertainment will post 0.43 earnings per share for the current year.

Lucky Strike Entertainment Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, February 21st will be paid a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date is Friday, February 21st. Lucky Strike Entertainment’s dividend payout ratio is currently -2,197.80%.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $12.00 price target (down from $15.00) on shares of Lucky Strike Entertainment in a research note on Friday, January 17th.

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.