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Ekster Lev, President of Lucky Strike Entertainment Corp. (NASDAQ:LUCK), recently acquired 3,034 shares of Class A Common Stock, according to a recent SEC filing. This insider purchase comes as the stock trades near $9.04, down approximately 26% over the past six months. According to InvestingPro analysis, the company appears fairly valued at current levels. The shares were purchased at a price of $8.24 each, totaling approximately $25,000. Following this transaction, Lev’s direct ownership in the company increased to 69,295 shares. While the company faces near-term challenges, analysts project a return to profitability this year, with an EPS forecast of $0.33. InvestingPro subscribers can access 8 additional key insights about Lucky Strike’s insider trading patterns and financial health indicators.
In other recent news, Lucky Strike Entertainment reported disappointing Q1 2025 earnings, missing both earnings per share (EPS) and revenue forecasts. The company posted an EPS of $0.21, below the $0.25 forecast, and revenue of $339.9 million, falling short of the expected $358.29 million. This earnings miss has raised concerns among investors, especially as same-store sales declined by 5.6%, significantly impacted by poor performance in California. However, food sales increased by 8% year-over-year, indicating some areas of strength. In related developments, Roth/MKM downgraded Lucky Strike’s stock from Buy to Neutral, citing ongoing fundamental challenges and economic uncertainties affecting the company’s Corporate Events segment. The analysts adjusted their price target from $13.00 to $9.00, reflecting their revised expectations for the company’s financial performance. Despite these challenges, Lucky Strike remains optimistic about its strategic initiatives, including food and beverage innovation and the expansion of entertainment offerings to drive future growth.
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