BofA warns Fed risks policy mistake with early rate cuts
John Alan Young, a director at Lucky Strike Entertainment Corp (NASDAQ:LUCK), recently made significant purchases of the company’s Class A common stock. According to a filing with the Securities and Exchange Commission, Young acquired a total of 4,685 shares over two transactions. The purchases come as InvestingPro data shows the stock has declined nearly 13% in the past week, with analysts setting price targets ranging from $11 to $28.
The first transaction took place on February 21, 2025, where Young purchased 1,000 shares at a price of $10.50 each. The second transaction occurred on February 24, 2025, involving the acquisition of 3,685 shares at a weighted average price of $10.13 per share. The prices for the latter transaction ranged from $9.93 to $10.45 per share.
These transactions amount to a total investment of $47,829. Following these purchases, Young now holds 69,423 shares of Lucky Strike Entertainment Corp. The company’s stock is traded under the ticker LUCK on NASDAQ.
In other recent news, Lucky Strike Entertainment reported fiscal second-quarter 2025 results that fell short of expectations, with both revenue and adjusted EBITDA missing projections. The company posted sales of $300 million and EBITDA of $99 million, both below analyst forecasts. Despite these results, management maintained its revenue and profitability guidance for the full fiscal year 2025. Lucky Strike also announced securing $150 million in incremental term loans, which will be used for general corporate purposes, potentially including acquisitions.
Analysts have varied in their outlooks for Lucky Strike. Canaccord Genuity maintained a Buy rating with an $18 price target, while Oppenheimer reiterated an Outperform rating with a $15 target, despite adjusting its EBITDA estimate. Conversely, JPMorgan downgraded the stock from Overweight to Neutral and lowered the price target to $12, citing challenges in the pricing environment for bowling services. The company is also focusing on rebranding efforts and expanding its entertainment offerings, including plans to convert Bowlero locations to the Lucky Strike brand and develop Family Entertainment Centers.
These developments highlight Lucky Strike’s proactive financial strategies and growth plans amid a challenging market environment. Investors will likely pay close attention to how the company utilizes its new loan funds and navigates its strategic initiatives.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.