Lucky Strike Entertainment (NYSE:LUCK) Vice Chairman Brett I. Parker Sells 1,747,434 Shares

Lucky Strike Entertainment (NYSE:LUCK) 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 transaction, the insider now owns 498,092 shares in the company, valued at $5,747,981.68. This represents a 77.82 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Lucky Strike Entertainment Price Performance

NYSE:LUCK traded down $0.07 during mid-day trading on Friday, reaching $10.63. 802,394 shares of the stock were exchanged, compared to its average volume of 545,497. The company has a 50 day moving average of $10.76. The firm has a market capitalization of $1.52 billion, a PE 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.

Lucky Strike Entertainment (NYSE:LUCK) last released its quarterly 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%. Sell-side analysts expect that Lucky Strike Entertainment will post 0.43 EPS for the current fiscal year.

Lucky Strike Entertainment Announces Dividend

The business also recently announced 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. The ex-dividend date of this dividend is Friday, February 21st. This represents a $0.22 annualized dividend and a dividend yield of 2.07%. Lucky Strike Entertainment’s dividend payout ratio (DPR) is currently -2,197.80%.

Analyst Upgrades and Downgrades

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

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.