Bowlero Corp. (NYSE:BOWL) Receives Average Rating of “Moderate Buy” from Analysts

by · The Markets Daily

Shares of Bowlero Corp. (NYSE:BOWL – Get Free Report) have earned a consensus rating of “Moderate Buy” from the ten research firms that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $15.89.

Several brokerages have recently weighed in on BOWL. JPMorgan Chase & Co. cut their price objective on Bowlero from $16.00 to $15.00 and set an “overweight” rating for the company in a report on Tuesday, November 5th. B. Riley restated a “buy” rating and set a $17.00 price objective on shares of Bowlero in a research report on Tuesday, September 3rd. Truist Financial assumed coverage on shares of Bowlero in a research note on Tuesday, December 10th. They issued a “buy” rating and a $16.00 price objective on the stock. Royal Bank of Canada raised shares of Bowlero to a “moderate buy” rating in a research note on Thursday, October 3rd. Finally, Piper Sandler initiated coverage on shares of Bowlero in a research report on Monday, October 28th. They issued a “neutral” rating and a $12.00 price target on the stock.

View Our Latest Stock Analysis on BOWL

Institutional Investors Weigh In On Bowlero

Several hedge funds have recently bought and sold shares of BOWL. Barclays PLC increased its stake in Bowlero by 22.6% in the 3rd quarter. Barclays PLC now owns 7,807 shares of the company’s stock valued at $91,000 after buying an additional 1,439 shares during the period. Centiva Capital LP purchased a new position in shares of Bowlero during the 3rd quarter valued at $207,000. XTX Topco Ltd acquired a new position in shares of Bowlero in the second quarter worth $411,000. Victory Capital Management Inc. raised its holdings in shares of Bowlero by 63.3% during the second quarter. Victory Capital Management Inc. now owns 29,264 shares of the company’s stock worth $424,000 after acquiring an additional 11,341 shares in the last quarter. Finally, Quest Partners LLC boosted its position in Bowlero by 3,311,100.0% during the third quarter. Quest Partners LLC now owns 33,112 shares of the company’s stock valued at $389,000 after purchasing an additional 33,111 shares during the last quarter. 68.11% of the stock is owned by hedge funds and other institutional investors.

Bowlero Trading Down 4.5 %

Shares of NYSE:BOWL opened at $10.30 on Friday. The company has a 50 day moving average of $11.37 and a 200-day moving average of $11.97. The firm has a market cap of $1.51 billion, a P/E ratio of -16.88 and a beta of 0.70. Bowlero has a twelve month low of $9.70 and a twelve month high of $15.47.

Bowlero (NYSE:BOWL – Get Free Report) last announced its earnings results on Monday, November 4th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of ($0.17) by $0.30. The firm had revenue of $260.20 million for the quarter, compared to analysts’ expectations of $249.42 million. Bowlero had a negative return on equity of 31.58% and a negative net margin of 6.63%. During the same quarter in the previous year, the company earned ($0.10) earnings per share. Equities research analysts forecast that Bowlero will post 0.45 EPS for the current year.

Bowlero Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 22nd were paid a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date was Friday, November 22nd. Bowlero’s dividend payout ratio is -36.07%.

About Bowlero

(Get Free Report

Bowlero Corp. operates bowling entertainment centers under the AMF, Bowlmor Lanes, and Bowlero brand names. The company also provides hosting and overseeing professional and non-professional bowling tournaments and related broadcasting. It operates bowling centers in the United States, Mexico, and Canada.

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