Lucky Strike Entertainment (NYSE:LUCK) Hits New 12-Month Low – Time to Sell?

Lucky Strike Entertainment (NYSE:LUCK) reached a new 52-week low during trading on Thursday . The company traded as low as $8.85 and last traded at $9.14, with a volume of 108780 shares. The stock had previously closed at $9.69.

Analyst Upgrades and Downgrades

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

Lucky Strike Entertainment Price Performance

The company has a market cap of $1.21 billion, a P/E ratio of -846.15 and a beta of 0.79. The stock’s fifty day simple moving average is $10.46.

Lucky Strike Entertainment (NYSE:LUCK) last issued its 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 negative return on equity of 35.76% and a net margin of 1.11%. On average, analysts forecast that Lucky Strike Entertainment will post 0.43 earnings per share for the current fiscal year.

Lucky Strike Entertainment Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 21st were issued a dividend of $0.055 per share. The ex-dividend date of this dividend was Friday, February 21st. This represents a $0.22 annualized dividend and a dividend yield of 2.60%. Lucky Strike Entertainment’s dividend payout ratio (DPR) is -2,200.00%.

Insider Activity

In related news, Director John Alan Young acquired 3,685 shares of Lucky Strike Entertainment stock in a transaction on Monday, February 24th. The shares were bought at an average cost of $10.13 per share, with a total value of $37,329.05. Following the completion of the purchase, the director now directly owns 69,423 shares of the company’s stock, valued at $703,254.99. The trade was a 5.61 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Vice Chairman Brett I. Parker sold 1,747,434 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now directly 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 disclosure for this sale can be found here. In the last ninety days, insiders bought 6,163 shares of company stock worth $62,213. 79.90% of the stock is currently owned by insiders.

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.