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

Bowlero Corp. (NYSE:BOWL) has received a consensus rating of “Moderate Buy” from the eight research firms that are covering the company, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $16.57.

Separately, B. Riley reissued a “buy” rating and set a $17.00 price objective on shares of Bowlero in a report on Tuesday, September 3rd.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of BOWL. Price T Rowe Associates Inc. MD boosted its position in shares of Bowlero by 7.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 14,953 shares of the company’s stock worth $205,000 after purchasing an additional 978 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Bowlero by 47.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 7,800 shares of the company’s stock valued at $110,000 after acquiring an additional 2,500 shares during the period. Bessemer Group Inc. increased its holdings in shares of Bowlero by 12.3% in the first quarter. Bessemer Group Inc. now owns 37,200 shares of the company’s stock worth $509,000 after acquiring an additional 4,070 shares in the last quarter. Schwartz Investment Counsel Inc. raised its position in shares of Bowlero by 5.2% during the second quarter. Schwartz Investment Counsel Inc. now owns 94,400 shares of the company’s stock worth $1,368,000 after purchasing an additional 4,700 shares during the period. Finally, Diversified Trust Co raised its holdings in Bowlero by 39.4% during the 1st quarter. Diversified Trust Co now owns 23,700 shares of the company’s stock worth $325,000 after buying an additional 6,700 shares during the period. Institutional investors and hedge funds own 68.11% of the company’s stock.

Bowlero Price Performance

Shares of Bowlero stock opened at $12.19 on Wednesday. The firm has a 50 day simple moving average of $11.97 and a 200 day simple moving average of $12.54. Bowlero has a fifty-two week low of $8.85 and a fifty-two week high of $15.47. The firm has a market cap of $1.81 billion, a P/E ratio of 23.00 and a beta of 0.59.

Bowlero Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 23rd were given a dividend of $0.055 per share. The ex-dividend date was Friday, August 23rd. This represents a $0.22 annualized dividend and a dividend yield of 1.80%. Bowlero’s payout ratio is currently 41.51%.

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.