Lucky Strike Entertainment (NYSE:LUCK) Shares Gap Up – Still a Buy?

Lucky Strike Entertainment (NYSE:LUCK)’s stock price 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.

Analyst Upgrades and Downgrades

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

Lucky Strike Entertainment Price Performance

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

Lucky Strike Entertainment (NYSE:LUCK) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.06 earnings per share (EPS) for the quarter, meeting 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, sell-side analysts anticipate that Lucky Strike Entertainment will post 0.43 EPS for the current fiscal year.

Lucky Strike Entertainment Announces Dividend

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

Insider Transactions at Lucky Strike Entertainment

In related news, Director John Alan Young purchased 3,685 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The stock was acquired at an average price of $10.13 per share, for a total transaction of $37,329.05. Following 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 position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Vice Chairman Brett I. Parker sold 1,747,434 shares of the company’s stock in a transaction dated Thursday, February 20th. The shares were 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 $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 have acquired 6,163 shares of company stock valued at $62,213 in the last quarter. 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.