Lucky Strike Entertainment (NYSE:LUCK) Shares Up 6.9% – What’s Next?

Lucky Strike Entertainment (NYSE:LUCK)’s share price shot up 6.9% during trading on Monday . The company traded as high as $11.70 and last traded at $11.70. 262,967 shares changed hands during trading, a decline of 45% from the average session volume of 474,573 shares. The stock had previously closed at $10.94.

Wall Street Analyst Weigh In

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

Lucky Strike Entertainment Stock Up 9.7 %

The company has a market cap of $1.90 billion, a P/E ratio of -1,291.71 and a beta of 0.77.

Lucky Strike Entertainment (NYSE:LUCK) last posted 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%. On average, equities analysts anticipate that Lucky Strike Entertainment will post 0.49 EPS for the current fiscal year.

Lucky Strike Entertainment Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Friday, February 21st will be paid a $0.055 dividend. This represents a $0.22 annualized dividend and a dividend yield of 1.70%. The ex-dividend date of this dividend is Friday, February 21st. Lucky Strike Entertainment’s payout ratio is -2,197.80%.

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.