Lucky Strike Entertainment (NYSE:LUCK) Reaches New 52-Week Low - Here's What Happened

Lucky Strike Entertainment (NYSE:LUCK - Get Free Report)'s share price reached a new 52-week low on Thursday . The company traded as low as $9.30 and last traded at $9.40, with a volume of 99792 shares traded. The stock had previously closed at $9.77.

Wall Street Analyst Weigh In

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

Lucky Strike Entertainment Price Performance

The firm has a market cap of $1.37 billion, a price-to-earnings ratio of -954.05 and a beta of 0.76. The company has a 50-day simple moving average of $10.67.

Lucky Strike Entertainment (NYSE:LUCK - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.06 EPS for the quarter, hitting the consensus estimate of $0.06. Lucky Strike Entertainment had a net margin of 1.11% and a negative return on equity of 35.76%. Research analysts expect that Lucky Strike Entertainment will post 0.43 EPS for the current year.

Lucky Strike Entertainment Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 21st were issued a $0.055 dividend. The ex-dividend date was Friday, February 21st. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.30%. Lucky Strike Entertainment's payout ratio is -2,200.00%.

Remove Ads

Insider Buying and Selling

In related news, Vice Chairman Brett I. Parker sold 1,747,434 shares of Lucky Strike Entertainment stock in a transaction that occurred on 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 transaction, the insider now directly owns 498,092 shares of the company's stock, valued at $5,747,981.68. This trade represents a 77.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director John Alan Young acquired 3,685 shares of the business's stock in a transaction that occurred on Monday, February 24th. The shares were acquired at an average cost of $10.13 per share, for a total transaction of $37,329.05. Following the completion of the acquisition, the director now owns 69,423 shares of the company's stock, valued at $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. Insiders have bought a total of 5,735 shares of company stock valued at $58,172 over the last quarter. 79.90% of the stock is owned by corporate insiders.

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.