Lucky Strike Entertainment (NYSE:LUCK) Shares Gap Up – What’s Next?

Lucky Strike Entertainment (NYSE:LUCK) shares gapped up prior to trading on Thursday . The stock had previously closed at $10.12, but opened at $10.34. Lucky Strike Entertainment shares last traded at $10.12, with a volume of 22,501 shares changing hands.

Analysts Set New Price Targets

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

Lucky Strike Entertainment Trading Down 5.1 %

The business has a 50-day moving average of $10.64. The company has a market cap of $1.37 billion, a P/E ratio of -959.04 and a beta of 0.76.

Lucky Strike Entertainment (NYSE:LUCK) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.06 earnings per share for the quarter, hitting 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%. As a group, research analysts predict that Lucky Strike Entertainment will post 0.43 EPS for the current year.

Lucky Strike Entertainment Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 21st were paid a $0.055 dividend. The ex-dividend date of this dividend was Friday, February 21st. This represents a $0.22 annualized dividend and a dividend yield of 2.29%. Lucky Strike Entertainment’s payout ratio is -2,200.00%.

Insider Transactions at Lucky Strike Entertainment

In other news, Director John Alan Young bought 3,685 shares of Lucky Strike Entertainment stock in a transaction dated Monday, February 24th. The shares were bought at an average price of $10.13 per share, for a total transaction of $37,329.05. Following the purchase, the director now owns 69,423 shares of the company’s stock, valued at approximately $703,254.99. This trade represents a 5.61 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Vice Chairman Brett I. Parker sold 1,747,434 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now directly owns 498,092 shares of the company’s stock, valued at approximately $5,747,981.68. The trade was a 77.82 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 6,163 shares of company stock worth $62,213. 79.90% of the stock is currently owned by company insiders.

Lucky Strike Entertainment Company Profile

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.