Lucky Strike Entertainment (NYSE:LUCK - Get Free Report) Vice Chairman Brett I. Parker sold 1,747,434 shares of the business's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $11.54, for a total transaction of $20,165,388.36. Following the completion of the sale, the insider now directly owns 498,092 shares in the company, valued at approximately $5,747,981.68. This represents a 77.82 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Lucky Strike Entertainment Stock Down 0.7 %
LUCK opened at $10.63 on Friday. The stock's 50-day moving average is $10.76. Lucky Strike Entertainment has a 52-week low of $9.61 and a 52-week high of $14.92. The company has a market capitalization of $1.52 billion, a price-to-earnings ratio of -1,061.94 and a beta of 0.77.
Lucky Strike Entertainment (NYSE:LUCK - Get Free Report) last posted its quarterly earnings results 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 negative return on equity of 35.76% and a net margin of 1.11%. 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 company also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, February 21st will be paid a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date is Friday, February 21st. Lucky Strike Entertainment's dividend payout ratio is currently -2,197.80%.
Analyst Ratings Changes
Separately, JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $12.00 price target (down from $15.00) on shares of Lucky Strike Entertainment in a research note on Friday, January 17th.
Read Our Latest Report on Lucky Strike Entertainment
About Lucky Strike Entertainment
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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.
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