Canaccord lowered the firm’s price target on Lucky Strike (LUCK) to $13 from $14 and keeps a Buy rating on the shares. The firm said they reported soft fiscal 2Q26 results, with revenue and adjusted EBITDA coming in modestly and well below consensus, respectively. Same store sales were up slightly year-over-year as stable retail traffic and ongoing improvements to the food & beverage offering were again offset by softer corporate events demand.
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Read More on LUCK:
- Lucky Strike schedules Q2 fiscal results webcast
- Lucky Strike reports Q2 adjusted EBITDA $77.5M vs. $98.8M last year
- Lucky Strike sees FY26 revenue $1.26B-$1.31B, consensus $1.29B
- Lucky Strike price target lowered to $8 from $9 at JPMorgan
- Lucky Strike price target lowered to $14 from $16 at Canaccord