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Investing.com - Oppenheimer has reiterated an Outperform rating on Lucky Strike Entertainment (NYSE:LUCK) with a price target of $15.00, according to a research note released Thursday. The target represents a 51% upside from the current price of $9.93, while analyst targets range from $9 to $18. According to InvestingPro analysis, the stock appears overvalued at current levels.
The firm noted that Lucky Strike’s fourth-quarter same-store sales were weaker overall but showed sequential improvement each month during the quarter, with this positive trend continuing into July.
Oppenheimer highlighted that Lucky Strike’s fiscal year 2026 guidance assumes same-store sales growth in the low-single-digit to mid-single-digit percentage range year-over-year.
The research note mentioned that Lucky Strike’s management remains focused on increasing food and beverage sales through menu expansion and new beverage options to drive revenue growth.
Additionally, the company is increasing its marketing budget to move closer to industry benchmarks, with the specific goal of boosting retail sales and foot traffic across its entertainment venues.
In other recent news, Lucky Strike Entertainment reported its fourth-quarter 2025 earnings, which revealed a slight miss in earnings per share (EPS). The company posted an EPS of -$0.095, slightly below the forecasted -$0.09, representing a 5.56% negative surprise. Despite this, Lucky Strike Entertainment’s revenue exceeded expectations, coming in at $301.2 million compared to the projected $292.61 million, marking a 2.94% positive surprise. These developments are part of the recent updates surrounding the company. Analyst firms have not provided any recent upgrades or downgrades for Lucky Strike Entertainment, focusing primarily on the earnings and revenue results. The company’s financial performance has drawn attention from investors, especially given the revenue beat amidst a slight EPS miss.
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