Barclays PLC Buys 1,439 Shares of Bowlero Corp. (NYSE:BOWL)

Barclays PLC lifted its stake in Bowlero Corp. (NYSE:BOWL) by 22.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,807 shares of the company’s stock after buying an additional 1,439 shares during the period. Barclays PLC’s holdings in Bowlero were worth $91,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. State Street Corp lifted its stake in Bowlero by 43.2% during the third quarter. State Street Corp now owns 285,534 shares of the company’s stock worth $3,352,000 after purchasing an additional 86,083 shares during the period. Stifel Financial Corp lifted its stake in Bowlero by 3.7% during the third quarter. Stifel Financial Corp now owns 74,969 shares of the company’s stock worth $880,000 after purchasing an additional 2,664 shares during the period. Systematic Financial Management LP lifted its stake in Bowlero by 24.0% during the third quarter. Systematic Financial Management LP now owns 838,090 shares of the company’s stock worth $9,839,000 after purchasing an additional 161,951 shares during the period. Portolan Capital Management LLC bought a new position in Bowlero during the third quarter worth about $8,281,000. Finally, Janus Henderson Group PLC raised its stake in shares of Bowlero by 8.6% in the third quarter. Janus Henderson Group PLC now owns 60,022 shares of the company’s stock valued at $705,000 after acquiring an additional 4,763 shares during the last quarter. Institutional investors own 68.11% of the company’s stock.

Bowlero Trading Up 1.5 %

Shares of BOWL opened at $10.57 on Thursday. Bowlero Corp. has a 1 year low of $9.70 and a 1 year high of $15.47. The stock has a market cap of $1.55 billion, a P/E ratio of -17.33 and a beta of 0.70. The stock’s 50-day moving average price is $11.24 and its two-hundred day moving average price is $11.84.

Bowlero (NYSE:BOWL) last issued its earnings results on Monday, November 4th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.30. Bowlero had a negative return on equity of 31.58% and a negative net margin of 6.63%. The firm had revenue of $260.20 million for the quarter, compared to analysts’ expectations of $249.42 million. During the same quarter last year, the business earned ($0.10) earnings per share. As a group, equities analysts forecast that Bowlero Corp. will post 0.45 EPS for the current year.

Bowlero Announces Dividend

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

Analysts Set New Price Targets

BOWL has been the topic of several research reports. JPMorgan Chase & Co. reduced their price objective on Bowlero from $16.00 to $15.00 and set an “overweight” rating on the stock in a report on Tuesday, November 5th. Truist Financial assumed coverage on Bowlero in a report on Tuesday, December 10th. They issued a “buy” rating and a $16.00 price target on the stock. Piper Sandler assumed coverage on Bowlero in a report on Monday, October 28th. They issued a “neutral” rating and a $12.00 price target on the stock. Royal Bank of Canada upgraded Bowlero to a “moderate buy” rating in a 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 report on Monday, September 30th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $15.89.

About Bowlero

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.