JPMorgan Chase & Co. Lowers Bowlero (NYSE:BOWL) Price Target to $15.00

Bowlero (NYSE:BOWL) had its price objective decreased by JPMorgan Chase & Co. from $16.00 to $15.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 27.99% from the company’s current price.

A number of other brokerages also recently issued reports on BOWL. Piper Sandler initiated coverage on shares of 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 research report on Thursday, October 3rd. Canaccord Genuity Group restated a “buy” rating and set a $18.00 price target on shares of Bowlero in a report on Monday, September 30th. Finally, B. Riley reaffirmed a “buy” rating and set a $17.00 price objective on shares of Bowlero in a report on Tuesday, September 3rd. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Bowlero currently has an average rating of “Moderate Buy” and an average target price of $15.88.

Bowlero Trading Up 0.9 %

NYSE:BOWL opened at $11.72 on Tuesday. The stock has a 50-day moving average price of $11.47 and a 200 day moving average price of $12.17. The stock has a market capitalization of $1.73 billion, a P/E ratio of -19.21 and a beta of 0.62. Bowlero has a 12-month low of $8.85 and a 12-month high of $15.47.

Bowlero (NYSE:BOWL) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.30. Bowlero had a negative net margin of 6.63% and a negative return on equity of 34.55%. The business had revenue of $260.20 million during the quarter, compared to analyst estimates of $249.42 million. During the same period last year, the firm posted ($0.10) EPS. On average, research analysts predict that Bowlero will post 0.2 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of BOWL. Price T Rowe Associates Inc. MD grew its stake 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 valued at $205,000 after buying an additional 978 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in Bowlero by 13.1% during the 3rd quarter. Victory Capital Management Inc. now owns 33,099 shares of the company’s stock valued at $389,000 after acquiring an additional 3,835 shares during the period. Summit Securities Group LLC bought a new position in Bowlero in the 2nd quarter valued at $392,000. XTX Topco Ltd purchased a new stake in Bowlero in the second quarter worth $411,000. Finally, Bessemer Group Inc. lifted its position in shares of Bowlero by 12.3% during the first quarter. Bessemer Group Inc. now owns 37,200 shares of the company’s stock worth $509,000 after purchasing an additional 4,070 shares during the last quarter. 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.