Lucky Strike Entertainment (NYSE:LUCK) Reaches New 52-Week Low – Here’s What Happened

Lucky Strike Entertainment (NYSE:LUCK)’s stock price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $8.85 and last traded at $9.14, with a volume of 108780 shares traded. The stock had previously closed at $9.69.

Analyst Ratings Changes

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

Lucky Strike Entertainment Stock Down 10.1 %

The company has a market cap of $1.25 billion, a PE ratio of -870.13 and a beta of 0.76. The business has a fifty day moving average of $10.53.

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

Lucky Strike Entertainment Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 21st were given a dividend of $0.055 per share. The ex-dividend date was Friday, February 21st. This represents a $0.22 annualized dividend and a dividend yield of 2.53%. Lucky Strike Entertainment’s dividend payout ratio is presently -2,200.00%.

Insider Activity at Lucky Strike Entertainment

In other news, Director John Alan Young purchased 3,685 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were purchased at an average cost of $10.13 per share, for a total transaction of $37,329.05. Following the completion of the purchase, the director now directly owns 69,423 shares of the company’s stock, valued at approximately $703,254.99. The trade was a 5.61 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 value of $20,165,388.36. Following the completion of the sale, 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. Insiders acquired a total of 6,163 shares of company stock worth $62,213 in the last 90 days. 79.90% of the stock is owned by company insiders.

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.