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Robert J. Bass, a director at Lucky Strike Entertainment Corp (NASDAQ:LUCK), recently acquired 167 shares of the company’s Class A Common Stock. The transaction, which took place on March 10, 2025, was valued at approximately $1,635, with each share purchased at a price of $9.796. The purchase comes as the stock trades near its 52-week low of $8.90, with analysts setting price targets ranging from $11 to $28. Following this acquisition, Bass holds a total of 49,983 shares in the company. This purchase highlights ongoing insider activity within the company as it navigates the competitive landscape of the amusement and recreation services sector. The $1.3 billion market cap company has shown resilience with 8.6% revenue growth over the last twelve months. InvestingPro analysis reveals 12 additional key insights about LUCK’s performance and outlook, available to subscribers.
In other recent news, Lucky Strike Entertainment has completed the acquisition of Visalia Adventure Park, a family entertainment center in California. This acquisition is part of Lucky Strike’s strategy to expand its entertainment offerings. In financial developments, Lucky Strike announced weaker-than-expected fiscal second-quarter results for 2025, with revenue and adjusted EBITDA falling short of projections. Canaccord Genuity maintained a Buy rating with an $18 price target despite these results, while Oppenheimer reiterated an Outperform rating but with a $15 target. Conversely, JPMorgan downgraded the stock from Overweight to Neutral, lowering the price target to $12 due to concerns over the pricing environment in the bowling industry.
Lucky Strike reported second-quarter sales of $300 million, below the expected $318 million, and EBITDA of $99 million, missing the projected $109 million. Despite these challenges, the company maintains its fiscal year 2025 guidance, with revenue expectations between $1.23 billion and $1.28 billion and EBITDA ranging from $390 million to $430 million. Additionally, Lucky Strike secured $150 million in incremental term loans through an amendment to its existing credit agreement, aiming to support general corporate purposes and potential acquisitions. Investors will be closely watching how these funds are utilized, as it could indicate the company’s strategic direction.
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