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

Bowlero Corp. (NYSE:BOWL) has been given an average rating of “Moderate Buy” by the eight research firms that are covering the company, MarketBeat reports. One analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $16.57.

BOWL has been the subject of a number of recent research reports. Oppenheimer lowered their price objective on shares of Bowlero from $18.00 to $15.00 and set an “outperform” rating for the company in a research report on Tuesday, May 7th. Canaccord Genuity Group decreased their target price on Bowlero from $20.00 to $18.00 and set a “buy” rating for the company in a research note on Tuesday, May 7th. CJS Securities reiterated a “market perform” rating on shares of Bowlero in a research report on Tuesday, May 7th. Roth Mkm reduced their price objective on Bowlero from $17.00 to $15.00 and set a “buy” rating for the company in a research report on Tuesday, May 7th. Finally, JPMorgan Chase & Co. lowered their price objective on Bowlero from $17.00 to $16.00 and set an “overweight” rating for the company in a research note on Friday, May 3rd.

Bowlero Trading Up 0.7 %

Bowlero stock opened at $14.13 on Friday. Bowlero has a 52 week low of $8.85 and a 52 week high of $15.47. The stock has a market cap of $2.10 billion, a P/E ratio of 26.66 and a beta of 0.62. The stock has a 50 day moving average of $12.73 and a 200-day moving average of $12.79.

Bowlero (NYSE:BOWL) last issued its earnings results on Monday, May 6th. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.11). The company had revenue of $337.67 million during the quarter, compared to analyst estimates of $341.45 million. Bowlero had a net margin of 11.24% and a return on equity of 330.46%. As a group, equities analysts predict that Bowlero will post 0.04 earnings per share for the current fiscal year.

Bowlero Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 24th were given a dividend of $0.055 per share. The ex-dividend date was Thursday, May 23rd. This represents a $0.22 annualized dividend and a dividend yield of 1.56%. Bowlero’s dividend payout ratio (DPR) is 41.51%.

Insider Buying and Selling

In other news, Director Michelle D. Wilson sold 39,309 shares of the business’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $13.98, for a total transaction of $549,539.82. Following the sale, the director now directly owns 958,162 shares of the company’s stock, valued at $13,395,104.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Michelle D. Wilson sold 39,309 shares of Bowlero stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $13.98, for a total value of $549,539.82. Following the transaction, the director now directly owns 958,162 shares of the company’s stock, valued at $13,395,104.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Michelle D. Wilson sold 65,829 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $12.90, for a total transaction of $849,194.10. Following the sale, the director now owns 848,471 shares in the company, valued at approximately $10,945,275.90. The disclosure for this sale can be found here. 56.54% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Bowlero

Large investors have recently made changes to their positions in the business. Kennedy Capital Management LLC increased its stake in shares of Bowlero by 283.8% in the third quarter. Kennedy Capital Management LLC now owns 482,083 shares of the company’s stock worth $4,638,000 after acquiring an additional 356,485 shares during the last quarter. Bullseye Asset Management LLC purchased a new stake in shares of Bowlero during the 3rd quarter worth about $1,106,000. Vanguard Group Inc. lifted its holdings in shares of Bowlero by 4.8% during the 3rd quarter. Vanguard Group Inc. now owns 4,229,231 shares of the company’s stock valued at $40,685,000 after buying an additional 193,801 shares during the last quarter. Diversified Trust Co grew its stake in shares of Bowlero by 33.1% in the 4th quarter. Diversified Trust Co now owns 17,000 shares of the company’s stock valued at $241,000 after buying an additional 4,225 shares in the last quarter. Finally, Raymond James & Associates lifted its stake in Bowlero by 26.6% in the fourth quarter. Raymond James & Associates now owns 21,520 shares of the company’s stock valued at $305,000 after acquiring an additional 4,520 shares during the last quarter. Institutional investors and hedge funds own 68.11% of the company’s stock.

Bowlero Company Profile

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.