Lucky Strike Entertainment (NYSE:LUCK) Stock Price Up 5.3% - Here's Why

Lucky Strike Entertainment (NYSE:LUCK - Get Free Report) shares were up 5.3% during mid-day trading on Tuesday . The stock traded as high as $8.80 and last traded at $8.59. Approximately 132,941 shares traded hands during trading, a decline of 72% from the average daily volume of 472,262 shares. The stock had previously closed at $8.16.

Analyst Ratings Changes

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

Lucky Strike Entertainment Stock Performance

The firm has a 50 day simple moving average of $10.17. The firm has a market cap of $1.31 billion, a price-to-earnings ratio of -914.09 and a beta of 0.79.

Lucky Strike Entertainment (NYSE:LUCK - Get Free Report) last issued its earnings results on Wednesday, February 5th. The company reported $0.06 earnings per share for the quarter, meeting 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%. Sell-side analysts predict that Lucky Strike Entertainment will post 0.43 earnings per share for the current 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 dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date was Friday, February 21st. Lucky Strike Entertainment's dividend payout ratio (DPR) is -2,200.00%.

Insider Transactions at Lucky Strike Entertainment

In other news, Vice Chairman Brett I. Parker sold 1,747,434 shares of the company's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $11.54, for a total value of $20,165,388.36. Following the completion of the transaction, the insider now owns 498,092 shares in the company, valued at approximately $5,747,981.68. This represents a 77.82 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director John Alan Young purchased 3,685 shares of the business's stock in a transaction that occurred on Monday, February 24th. The shares were bought at an average price of $10.13 per share, for a total transaction of $37,329.05. Following the completion of the purchase, the director now directly owns 69,423 shares in the company, valued at $703,254.99. This represents a 5.61 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 6,163 shares of company stock valued at $62,213. 79.90% of the stock is currently 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.