Insider Selling: Lucky Strike Entertainment (NYSE:LUCK) Vice Chairman Sells 1,747,434 Shares of Stock

Lucky Strike Entertainment (NYSE:LUCK) Vice Chairman Brett I. Parker sold 1,747,434 shares of the company’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 of the company’s stock, valued at approximately $5,747,981.68. This represents a 77.82 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Lucky Strike Entertainment Stock Performance

Lucky Strike Entertainment stock opened at $10.63 on Friday. The stock has a market cap of $1.52 billion, a PE ratio of -1,061.94 and a beta of 0.77. The firm’s 50 day simple moving average is $10.76. Lucky Strike Entertainment has a 52 week low of $9.61 and a 52 week high of $14.92.

Lucky Strike Entertainment (NYSE:LUCK) last released its earnings results on Wednesday, February 5th. The company reported $0.06 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%. Equities analysts forecast that Lucky Strike Entertainment will post 0.43 EPS for the current year.

Lucky Strike Entertainment Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Friday, February 21st will be given a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a dividend yield of 2.07%. The ex-dividend date is Friday, February 21st. Lucky Strike Entertainment’s dividend payout ratio is currently -2,197.80%.

Wall Street Analyst Weigh In

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