Lucky Strike Entertainment (NYSE:LUCK) Shares Down 2.2% – Time to Sell?

Lucky Strike Entertainment (NYSE:LUCK) dropped 2.2% on Friday . The stock traded as low as $9.71 and last traded at $9.73. Approximately 176,593 shares changed hands during trading, a decline of 66% from the average daily volume of 519,377 shares. The stock had previously closed at $9.95.

Wall Street Analyst Weigh In

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

Lucky Strike Entertainment Stock Performance

The stock’s 50 day simple moving average is $10.62. The firm has a market cap of $1.38 billion, a price-to-earnings ratio of -966.03 and a beta of 0.76.

Lucky Strike Entertainment (NYSE:LUCK) last posted its earnings results on Wednesday, February 5th. The company reported $0.06 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.06. Lucky Strike Entertainment had a net margin of 1.11% and a negative return on equity of 35.76%. Analysts expect that Lucky Strike Entertainment will post 0.43 earnings per share for the current fiscal year.

Lucky Strike Entertainment Announces Dividend

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

Insider Buying and Selling

In other news, Director John Alan Young acquired 3,685 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was purchased at an average price of $10.13 per share, for a total transaction of $37,329.05. Following the purchase, the director now owns 69,423 shares in the company, valued at approximately $703,254.99. This represents a 5.61 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Vice Chairman Brett I. Parker sold 1,747,434 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the insider now owns 498,092 shares in the company, valued at $5,747,981.68. The trade was a 77.82 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders purchased 6,163 shares of company stock worth $62,213. 79.90% of the stock is owned by corporate insiders.

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.