Lucky Strike Entertainment (NYSE:LUCK) Vice Chairman Sells $20,165,388.36 in Stock

Lucky Strike Entertainment (NYSE:LUCK) Vice Chairman Brett I. Parker sold 1,747,434 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $11.54, for a total value of $20,165,388.36. Following the completion of the sale, the insider now owns 498,092 shares in the company, valued at approximately $5,747,981.68. The trade was a 77.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Lucky Strike Entertainment Stock Down 0.7 %

Shares of NYSE LUCK traded down $0.07 during mid-day trading on Friday, hitting $10.63. The company had a trading volume of 802,394 shares, compared to its average volume of 545,497. The stock has a market cap of $1.52 billion, a P/E ratio of -1,061.94 and a beta of 0.77. Lucky Strike Entertainment has a 1-year low of $9.61 and a 1-year high of $14.92. The business’s 50-day moving average price is $10.76.

Lucky Strike Entertainment (NYSE:LUCK) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.06 earnings per share (EPS) for the quarter, meeting 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%. As a group, 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 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 presently -2,197.80%.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $12.00 price objective (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.