Bowlero Corp. (NYSE:BOWL) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Bowlero Corp. (NYSE:BOWL) have been given an average rating of “Moderate Buy” by the ten research firms that are currently covering the company, Marketbeat Ratings 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 target among analysts that have issued a report on the stock in the last year is $15.89.

BOWL has been the subject of several research analyst reports. Truist Financial began coverage on shares of Bowlero in a research report on Tuesday, December 10th. They issued a “buy” rating and a $16.00 price objective for the company. Piper Sandler assumed coverage on shares of Bowlero in a research note on Monday, October 28th. They issued a “neutral” rating and a $12.00 price objective on the stock. B. Riley reissued a “buy” rating and issued a $17.00 target price on shares of Bowlero in a research note on Tuesday, September 3rd. Royal Bank of Canada upgraded Bowlero to a “moderate buy” rating in a research report on Thursday, October 3rd. Finally, Canaccord Genuity Group reiterated a “buy” rating and issued a $18.00 price target on shares of Bowlero in a research report on Monday, September 30th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Barclays PLC grew its stake in Bowlero by 22.6% during the third quarter. Barclays PLC now owns 7,807 shares of the company’s stock worth $91,000 after buying an additional 1,439 shares in the last quarter. Centiva Capital LP bought a new stake in shares of Bowlero during the 3rd quarter worth approximately $207,000. XTX Topco Ltd acquired a new stake in shares of Bowlero during the 2nd quarter worth approximately $411,000. Victory Capital Management Inc. increased its stake in Bowlero by 63.3% in the second quarter. Victory Capital Management Inc. now owns 29,264 shares of the company’s stock valued at $424,000 after acquiring an additional 11,341 shares during the last quarter. Finally, Quest Partners LLC raised 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 in the last quarter. 68.11% of the stock is owned by institutional investors.

Bowlero Stock Up 3.1 %

Shares of Bowlero stock opened at $10.57 on Friday. The stock has a market capitalization of $1.55 billion, a P/E ratio of -17.33 and a beta of 0.70. Bowlero has a 12-month low of $9.70 and a 12-month high of $15.47. The stock has a 50 day moving average price of $11.46 and a two-hundred day moving average price of $12.04.

Bowlero (NYSE:BOWL) last issued its earnings results on Monday, November 4th. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of ($0.17) by $0.30. Bowlero had a negative net margin of 6.63% and a negative return on equity of 31.58%. The business had revenue of $260.20 million for the quarter, compared to analyst estimates of $249.42 million. During the same period in the previous year, the business earned ($0.10) EPS. Sell-side analysts anticipate that Bowlero will post 0.45 earnings per share for the current year.

Bowlero Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 22nd were given a $0.055 dividend. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.08%. Bowlero’s payout ratio is presently -36.07%.

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.