Lucky Strike Entertainment (NYSE:LUCK) Stock Price Down 5.9% – What’s Next?

Lucky Strike Entertainment (NYSE:LUCK)’s share price was down 5.9% on Friday . The company traded as low as $12.03 and last traded at $12.03. Approximately 130,688 shares changed hands during mid-day trading, a decline of 75% from the average daily volume of 532,242 shares. The stock had previously closed at $12.79.

Analyst Upgrades and Downgrades

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.

Lucky Strike Entertainment Price Performance

Lucky Strike Entertainment (NYSE:LUCK) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.06 EPS for the quarter, meeting analysts’ consensus estimates 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 0.49 earnings per share for the current fiscal year.

Lucky Strike Entertainment Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Friday, February 21st will be given a dividend of $0.055 per share. The ex-dividend date is Friday, February 21st. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.79%. Lucky Strike Entertainment’s dividend payout ratio (DPR) is currently -2,197.80%.

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.