Lucky Strike Entertainment (NYSE:LUCK) Shares Gap Up – Time to Buy?

Lucky Strike Entertainment (NYSE:LUCK) shares gapped up prior to trading on Thursday . The stock had previously closed at $10.12, but opened at $10.34. Lucky Strike Entertainment shares last traded at $10.12, with a volume of 22,501 shares traded.

Wall Street Analyst Weigh In

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

Lucky Strike Entertainment Price Performance

The stock has a fifty day simple moving average of $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) last issued its quarterly earnings data 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%. Equities research analysts forecast that Lucky Strike Entertainment will post 0.43 earnings per share for the current year.

Lucky Strike Entertainment Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 21st were given a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date was Friday, February 21st. Lucky Strike Entertainment’s dividend payout ratio (DPR) is currently -2,200.00%.

Insider Activity at Lucky Strike Entertainment

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 value 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 approximately $5,747,981.68. This trade represents a 77.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John Alan Young acquired 3,685 shares of the firm’s stock in a transaction dated Monday, February 24th. The stock was purchased at an average cost of $10.13 per share, with a total value of $37,329.05. Following the transaction, the director now owns 69,423 shares in the company, valued at approximately $703,254.99. This trade represents a 5.61 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 6,163 shares of company stock valued at $62,213. Corporate insiders own 79.90% of the company’s stock.

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.