Shares of Lucky Strike Entertainment slid 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 firm’s fourth-quarter and full-year fiscal 2026 results, which fell short of analyst expectations. For the third quarter of fiscal 2026, Lucky Strike reported earnings per share of $0.10, missing the consensus estimate of $0.18 by 44%. Adjusted EBITDA margin also contracted to 31.9% from 34.5% in the prior-year period.
Analysts at JPMorgan reduced their fair value estimate for the stock to $10.06 per share, down from $10.89. The bank maintained its underweight rating with a $6 price target, a level the shares are approaching.
The stock’s pre-market decline reflects broader investor concern over the company’s financial performance and outlook amid a challenging operating environment for the entertainment sector.
