Lucky Strike Entertainment (NYSE:LUCK) Stock Price Down 2.2% - Here's Why

Lucky Strike Entertainment (NYSE:LUCK - Get Free Report) shares traded down 2.2% on Friday . The stock traded as low as $9.71 and last traded at $9.73. 176,593 shares traded hands during mid-day trading, a decline of 66% from the average session volume of 519,377 shares. The stock had previously closed at $9.95.

Analyst Upgrades and Downgrades

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

Lucky Strike Entertainment Price Performance

The stock's 50 day moving average is $10.62. The stock has a market cap of $1.38 billion, a P/E ratio of -966.03 and a beta of 0.76.

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

Lucky Strike Entertainment Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 21st were issued a $0.055 dividend. The ex-dividend date of this dividend was Friday, February 21st. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.28%. Lucky Strike Entertainment's dividend payout ratio is currently -2,200.00%.

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Insiders Place Their Bets

In related news, Vice Chairman Brett I. Parker sold 1,747,434 shares of the firm's stock in a transaction 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 completion of the transaction, the insider now 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 document filed with the SEC, which is available at this hyperlink. Also, Director John Alan Young bought 3,685 shares of Lucky Strike Entertainment stock in a transaction that occurred on Monday, February 24th. The shares were acquired at an average cost of $10.13 per share, with a total value of $37,329.05. Following 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 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 valued at $62,213. Insiders own 79.90% of the company's stock.

Lucky Strike Entertainment Company Profile

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.