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Insider Selling: Lucky Strike Entertainment (NYSE:LUCK) Vice Chairman Sells $20,165,388.36 in Stock

Lucky Strike Entertainment logo with Consumer Discretionary background
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Lucky Strike Entertainment (NYSE:LUCK - Get Free Report) Vice Chairman Brett I. Parker sold 1,747,434 shares of the company's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $11.54, for a total value of $20,165,388.36. Following the sale, the insider now owns 498,092 shares of the company's stock, valued at $5,747,981.68. The trade was a 77.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Lucky Strike Entertainment Price Performance

LUCK stock traded up $0.35 during trading on Tuesday, reaching $10.86. 636,840 shares of the company were exchanged, compared to its average volume of 547,034. The company has a market capitalization of $1.55 billion, a P/E ratio of -1,084.92 and a beta of 0.77. The business's 50-day moving average is $10.76. Lucky Strike Entertainment has a twelve month low of $9.61 and a twelve month high of $14.92.

Lucky Strike Entertainment (NYSE:LUCK - Get Free Report) last announced its quarterly earnings results 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 net margin of 1.11% and a negative return on equity of 35.76%. As a group, research analysts forecast that Lucky Strike Entertainment will post 0.43 earnings per share for the current fiscal year.

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Lucky Strike Entertainment Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Friday, February 21st will be issued a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a dividend yield of 2.03%. The ex-dividend date is Friday, February 21st. Lucky Strike Entertainment's dividend payout ratio (DPR) is currently -2,200.00%.

Wall Street Analyst Weigh In

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

Check Out Our Latest Stock Report on Lucky Strike Entertainment

Lucky Strike Entertainment Company Profile

(Get Free Report)

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.

Further Reading

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