Lucky Strike Entertainment (NYSE:LUCK) Sets New 1-Year Low – What’s Next?

Shares of Lucky Strike Entertainment (NYSE:LUCK) reached a new 52-week low during trading on Thursday . The stock traded as low as $9.30 and last traded at $9.40, with a volume of 99792 shares changing hands. The stock had previously closed at $9.77.

Analyst Upgrades and Downgrades

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

Lucky Strike Entertainment Price Performance

The company has a market capitalization of $1.37 billion, a P/E ratio of -954.05 and a beta of 0.76. The company’s fifty day moving average is $10.70.

Lucky Strike Entertainment (NYSE:LUCK) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.06 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.06. Lucky Strike Entertainment had a negative return on equity of 35.76% and a net margin of 1.11%. Sell-side analysts expect that Lucky Strike Entertainment will post 0.43 earnings per share for the current fiscal year.

Lucky Strike Entertainment Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 21st were issued a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date was Friday, February 21st. Lucky Strike Entertainment’s dividend payout ratio is currently -2,200.00%.

Insider Buying and Selling at Lucky Strike Entertainment

In other news, Director John Alan Young bought 3,685 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was acquired at an average cost of $10.13 per share, with a total value of $37,329.05. Following the completion of the transaction, the director now directly owns 69,423 shares of the company’s stock, valued at $703,254.99. This represents a 5.61 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Vice Chairman Brett I. Parker sold 1,747,434 shares of the stock in a transaction dated 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 transaction, the insider now owns 498,092 shares of the company’s stock, valued at $5,747,981.68. This represents a 77.82 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders purchased 5,735 shares of company stock worth $58,172. Insiders own 79.90% of the company’s stock.

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.