Lucky Strike Entertainment (NYSE:LUCK) Vice Chairman Brett I. Parker Sells 1,747,434 Shares

Lucky Strike Entertainment (NYSE:LUCK) Vice Chairman Brett I. Parker sold 1,747,434 shares of Lucky Strike Entertainment 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 directly owns 498,092 shares of the company’s stock, valued at approximately $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 Securities & Exchange Commission, which can be accessed through this link.

Lucky Strike Entertainment Trading Down 0.7 %

NYSE:LUCK opened at $10.63 on Friday. Lucky Strike Entertainment has a 1 year low of $9.61 and a 1 year high of $14.92. The firm has a 50-day simple moving average of $10.76. The firm has a market capitalization of $1.52 billion, a PE ratio of -1,061.94 and a beta of 0.77.

Lucky Strike Entertainment (NYSE:LUCK) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.06 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 analysts expect that Lucky Strike Entertainment will post 0.43 earnings per share for the current year.

Lucky Strike Entertainment Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Friday, February 21st will be paid a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend is Friday, February 21st. Lucky Strike Entertainment’s payout ratio is presently -2,197.80%.

Wall Street Analysts Forecast Growth

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

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.