Lucky Strike Entertainment’s (LUCK) “Hold” Rating Reaffirmed at Craig Hallum

Lucky Strike Entertainment (NYSE:LUCKGet Free Report)‘s stock had its “hold” rating reiterated by stock analysts at Craig Hallum in a research note issued on Thursday, MarketBeat.com reports. They currently have a $6.50 price target on the stock. Craig Hallum’s price objective indicates a potential downside of 8.13% from the stock’s current price.

Several other analysts have also recently commented on the company. Roth Mkm reaffirmed a “neutral” rating and issued a $7.50 target price on shares of Lucky Strike Entertainment in a research report on Thursday, February 5th. JPMorgan Chase & Co. cut Lucky Strike Entertainment from a “neutral” rating to an “underweight” rating and lowered their target price for the company from $8.00 to $6.00 in a research note on Thursday, April 23rd. Jefferies Financial Group set a $12.00 target price on Lucky Strike Entertainment in a report on Wednesday. Wall Street Zen cut shares of Lucky Strike Entertainment from a “hold” rating to a “sell” rating in a report on Saturday, January 31st. Finally, Canaccord Genuity Group set a $13.00 price objective on shares of Lucky Strike Entertainment in a research note on Thursday, February 5th. Three analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $9.00.

Read Our Latest Analysis on Lucky Strike Entertainment

Lucky Strike Entertainment Stock Performance

LUCK traded down $0.59 during trading on Thursday, reaching $7.08. The company had a trading volume of 12,653 shares, compared to its average volume of 163,185. The firm’s 50-day simple moving average is $8.22 and its 200 day simple moving average is $8.29. The company has a market cap of $974.30 million, a price-to-earnings ratio of -10.88 and a beta of 0.60. Lucky Strike Entertainment has a 12-month low of $5.70 and a 12-month high of $11.61.

Lucky Strike Entertainment (NYSE:LUCKGet Free Report) last released its earnings results on Wednesday, May 6th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.07). The firm had revenue of $342.23 million for the quarter, compared to analyst estimates of $353.77 million.

Insider Buying and Selling at Lucky Strike Entertainment

In other Lucky Strike Entertainment news, Director John Alan Young acquired 6,000 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The stock was purchased at an average cost of $6.50 per share, for a total transaction of $39,000.00. Following the completion of the acquisition, the director owned 85,518 shares of the company’s stock, valued at approximately $555,867. This trade represents a 7.55% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Lev Ekster sold 3,000 shares of the stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $8.47, for a total transaction of $25,410.00. Following the transaction, the insider directly owned 64,296 shares in the company, valued at $544,587.12. The trade was a 4.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 84.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in LUCK. Millennium Management LLC lifted its holdings in Lucky Strike Entertainment by 291.5% in the 3rd quarter. Millennium Management LLC now owns 412,218 shares of the company’s stock worth $4,221,000 after purchasing an additional 306,931 shares during the last quarter. Geode Capital Management LLC bought a new position in shares of Lucky Strike Entertainment in the second quarter valued at approximately $2,661,000. Jane Street Group LLC acquired a new stake in shares of Lucky Strike Entertainment in the second quarter worth $1,117,000. Maven Securities LTD bought a new stake in shares of Lucky Strike Entertainment during the 4th quarter worth $1,036,000. Finally, Rice Hall James & Associates LLC boosted its holdings in shares of Lucky Strike Entertainment by 38.5% during the 4th quarter. Rice Hall James & Associates LLC now owns 315,085 shares of the company’s stock worth $2,669,000 after buying an additional 87,656 shares during the period. 68.11% of the stock is owned by institutional investors.

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About Lucky Strike Entertainment

(Get Free Report)

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. Shannon in 1997 and is headquartered in Mechanicsville, VA.

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Analyst Recommendations for Lucky Strike Entertainment (NYSE:LUCK)

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