Lucky Strike Entertainment (NYSE:LUCK) Trading Down 2.2% – Here’s What Happened

Lucky Strike Entertainment (NYSE:LUCK) shares traded down 2.2% on Friday . The company traded as low as $9.71 and last traded at $9.73. 176,593 shares traded hands during trading, a decline of 66% from the average session volume of 519,377 shares. The stock had previously closed at $9.95.

Analysts Set New Price Targets

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

Lucky Strike Entertainment Stock Performance

The company has a market capitalization of $1.39 billion, a PE ratio of -974.03 and a beta of 0.76. The company’s fifty day moving average is $10.64.

Lucky Strike Entertainment (NYSE:LUCK) last issued its earnings results on Wednesday, February 5th. The company reported $0.06 earnings per share (EPS) 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%. On average, analysts forecast that Lucky Strike Entertainment will post 0.43 EPS for the current year.

Lucky Strike Entertainment Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 21st were paid a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date was Friday, February 21st. Lucky Strike Entertainment’s dividend payout ratio (DPR) is presently -2,200.00%.

Insider Activity

In other Lucky Strike Entertainment news, Director John Alan Young bought 3,685 shares of Lucky Strike Entertainment stock in a transaction on 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 completion of the transaction, the director now directly owns 69,423 shares of the company’s stock, valued at $703,254.99. This trade represents a 5.61 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, Vice Chairman Brett I. Parker sold 1,747,434 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $11.54, for a total value of $20,165,388.36. Following the transaction, the insider now owns 498,092 shares of the company’s stock, valued at approximately $5,747,981.68. This represents a 77.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders bought a total of 6,163 shares of company stock valued at $62,213 in the last 90 days. Company 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.