Bowlero (NYSE:BOWL) Now Covered by Piper Sandler

Piper Sandler started coverage on shares of Bowlero (NYSE:BOWL) in a note issued to investors on Monday, MarketBeat.com reports. The firm set a “neutral” rating and a $12.00 price target on the stock. Piper Sandler’s price target suggests a potential upside of 6.57% from the company’s current price.

A number of other equities analysts also recently weighed in on the company. Royal Bank of Canada upgraded Bowlero to a “moderate buy” rating in a research note on Thursday, October 3rd. Canaccord Genuity Group restated a “buy” rating and issued a $18.00 target price on shares of Bowlero in a research note on Monday, September 30th. Finally, B. Riley restated a “buy” rating and issued a $17.00 target price on shares of Bowlero in a research note on Tuesday, September 3rd. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $16.00.

Bowlero Stock Performance

BOWL stock opened at $11.26 on Monday. The company has a market capitalization of $1.68 billion, a P/E ratio of 21.25 and a beta of 0.60. Bowlero has a 52-week low of $8.85 and a 52-week high of $15.47. The business has a 50-day simple moving average of $11.57 and a two-hundred day simple moving average of $12.21.

Bowlero (NYSE:BOWL) last released its quarterly earnings results on Thursday, September 5th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.05). The company had revenue of $283.87 million for the quarter, compared to analyst estimates of $273.33 million. Bowlero had a negative net margin of 7.24% and a negative return on equity of 5.36%. As a group, sell-side analysts forecast that Bowlero will post 0.29 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Bowlero

A number of hedge funds have recently modified their holdings of BOWL. PNC Financial Services Group Inc. raised its holdings in shares of Bowlero by 47.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 7,800 shares of the company’s stock worth $110,000 after purchasing an additional 2,500 shares during the period. 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 valued at $325,000 after acquiring an additional 6,700 shares during the period. Russell Investments Group Ltd. bought a new stake in Bowlero during the 1st quarter valued at $1,636,000. Bleakley Financial Group LLC raised its holdings in Bowlero by 52.4% during the 1st quarter. Bleakley Financial Group LLC now owns 40,971 shares of the company’s stock valued at $561,000 after acquiring an additional 14,081 shares during the period. Finally, Champlain Investment Partners LLC raised its holdings in Bowlero by 10.8% during the 1st quarter. Champlain Investment Partners LLC now owns 2,817,305 shares of the company’s stock valued at $38,597,000 after acquiring an additional 275,525 shares during the period. Institutional investors 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.