Lucky Strike Entertainment (NYSE:LUCK) Stock Price Down 2.4% Following Analyst Downgrade

Lucky Strike Entertainment (NYSE:LUCK - Get Free Report)'s share price was down 2.4% during mid-day trading on Monday after JPMorgan Chase & Co. lowered their price target on the stock from $12.00 to $10.00. JPMorgan Chase & Co. currently has a neutral rating on the stock. Lucky Strike Entertainment traded as low as $8.90 and last traded at $8.90. Approximately 40,919 shares changed hands during mid-day trading, a decline of 91% from the average daily volume of 467,161 shares. The stock had previously closed at $9.12.

Separately, Truist Financial lowered their target price on Lucky Strike Entertainment from $14.00 to $11.00 and set a "buy" rating for the company in a report on Monday.

Insider Buying and Selling at Lucky Strike Entertainment

In related news, Director John Alan Young purchased 3,685 shares of the firm's stock in a transaction 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 completion of the acquisition, the director now owns 69,423 shares of the company's stock, valued at $703,254.99. The trade was a 5.61 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 transaction of $20,165,388.36. Following the sale, the insider now directly owns 498,092 shares in the company, valued at $5,747,981.68. The trade was a 77.82 % decrease in their position. The disclosure for this sale can be found here. Insiders bought a total of 6,163 shares of company stock worth $62,213 over the last three months. Corporate insiders own 79.90% of the company's stock.

Lucky Strike Entertainment Trading Up 1.6 %

The company's fifty day moving average is $9.90. The stock has a market capitalization of $1.21 billion, a price-to-earnings ratio of -847.15 and a beta of 0.79.

Lucky Strike Entertainment (NYSE:LUCK - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.06 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%. As a group, equities research analysts anticipate that Lucky Strike Entertainment will post 0.43 EPS for the current year.

Lucky Strike Entertainment Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 21st were paid a $0.055 dividend. This represents a $0.22 annualized dividend and a dividend yield of 2.59%. The ex-dividend date was Friday, February 21st. Lucky Strike Entertainment's dividend payout ratio (DPR) is presently -2,200.00%.

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.