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In a recent transaction, Young John Alan, a director at Lucky Strike Entertainment Corp (NASDAQ:LUCK), acquired 1,565 shares of Class A Common Stock. The purchase took place on May 28, 2025, at a weighted average price of $8.72 per share, amounting to a total of $13,646. The purchase prices ranged from $8.65 to $8.75 per share. Following this transaction, Young’s direct ownership in the company increased to 72,448 shares.This insider purchase comes as the stock trades near $8.62, down approximately 29% over the past six months. According to InvestingPro data, analysts maintain price targets ranging from $9 to $18, suggesting potential upside. While the company currently shows signs of being slightly overvalued, InvestingPro analysis reveals 7 additional key insights about LUCK’s financial health and growth prospects, available to subscribers.
In other recent news, Lucky Strike Entertainment reported its Q1 2025 earnings, missing both earnings per share (EPS) and revenue forecasts. The company posted an EPS of $0.21, falling short of the $0.25 forecast, while revenue reached $339.9 million, below the expected $358.29 million. This disappointing performance has raised concerns among investors. In addition to the earnings report, Roth/MKM analysts downgraded Lucky Strike’s stock rating from Buy to Neutral, adjusting the price target from $13.00 to $9.00. The downgrade reflects concerns over ongoing fundamental challenges and broader economic uncertainty impacting the company’s Corporate Events segment. Despite the challenges, food sales rose by 8% year-over-year, indicating a potential area of strength. The company has also removed specific financial guidance due to market volatility, although it remains optimistic about improved performance in the upcoming summer months. Strategic initiatives, such as food and beverage innovation and the expansion of entertainment offerings, are expected to drive growth.
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