Shares of Lucky Strike Entertainment fell 11% to $6.00 in pre-market trading on Thursday, nearing the company’s 52-week low of $5.705.
The decline followed the release of the company’s fiscal 2026 third-quarter and full-year results before U.S. market open. For the quarter, Lucky Strike reported adjusted earnings per share of $0.10, 44% below the consensus estimate of $0.18.
Adjusted EBITDA margin contracted to 31.9% from 34.5% in the same period a year earlier. The company’s fiscal 2026 results were released ahead of the U.S. stock market opening.
JPMorgan downgraded Lucky Strike to Underweight this week, setting a price target of $6.00. Analysts also reduced their fair value estimate to $10.06 per share from $10.89, citing weaker revenue growth assumptions and continued pressure on margins.
