Lucky Strike Entertainment (NYSE:LUCK) Reaches New 1-Year Low - Here's Why

Shares of Lucky Strike Entertainment (NYSE:LUCK - Get Free Report) reached a new 52-week low during trading on Thursday . The stock traded as low as $8.85 and last traded at $9.14, with a volume of 108780 shares changing hands. The stock had previously closed at $9.69.

Analyst Upgrades and Downgrades

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

Lucky Strike Entertainment Stock Down 2.6 %

The stock has a market cap of $1.14 billion, a P/E ratio of -794.21 and a beta of 0.79. The stock has a 50-day simple moving average of $10.42.

Lucky Strike Entertainment (NYSE:LUCK - Get Free Report) 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 negative return on equity of 35.76% and a net margin of 1.11%. As a group, equities analysts forecast that Lucky Strike Entertainment will post 0.43 EPS for the current fiscal year.

Lucky Strike Entertainment Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 21st were paid a $0.055 dividend. This represents a $0.22 annualized dividend and a dividend yield of 2.77%. The ex-dividend date of this dividend was Friday, February 21st. Lucky Strike Entertainment's dividend payout ratio (DPR) is -2,200.00%.

Insider Buying and Selling

In other news, Vice Chairman Brett I. Parker sold 1,747,434 shares of the business'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 transaction of $20,165,388.36. Following the completion of the transaction, the insider now directly owns 498,092 shares in the company, valued at approximately $5,747,981.68. The trade was a 77.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director John Alan Young acquired 3,685 shares of Lucky Strike Entertainment stock in a transaction that occurred on Monday, February 24th. The stock was bought at an average cost of $10.13 per share, with a total value of $37,329.05. Following the acquisition, the director now directly owns 69,423 shares of the company's stock, valued at approximately $703,254.99. This trade represents a 5.61 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 6,163 shares of company stock worth $62,213. 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.