Insider Buying: Lucky Strike Entertainment (NYSE:LUCK) Director Buys 3,685 Shares of Stock

Lucky Strike Entertainment (NYSE:LUCK) Director John Alan Young bought 3,685 shares of Lucky Strike Entertainment stock in a transaction dated Monday, February 24th. The stock was acquired at an average cost of $10.13 per share, for a total transaction of $37,329.05. Following the completion of the acquisition, the director now directly owns 69,423 shares in the company, valued at $703,254.99. This represents a 5.61 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

John Alan Young also recently made the following trade(s):

• On Friday, February 21st, John Alan Young bought 1,000 shares of Lucky Strike Entertainment stock. The stock was acquired at an average cost of $10.50 per share, for a total transaction of $10,500.00.

Lucky Strike Entertainment Stock Down 1.3 %

LUCK stock opened at $10.50 on Tuesday. The stock has a 50 day moving average of $10.76. Lucky Strike Entertainment has a fifty-two week low of $9.61 and a fifty-two week high of $14.92. The company has a market cap of $1.50 billion, a PE ratio of -1,048.95 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 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%. On average, equities research analysts anticipate that Lucky Strike Entertainment will post 0.43 earnings per share for the current year.

Lucky Strike Entertainment Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Friday, February 21st will be given a $0.055 dividend. This represents a $0.22 annualized dividend and a yield of 2.10%. The ex-dividend date of this dividend is Friday, February 21st. Lucky Strike Entertainment’s dividend payout ratio (DPR) is presently -2,200.00%.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. restated a “neutral” rating and issued a $12.00 price objective (down previously 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.