Stifel Financial Corp Has $880,000 Position in Bowlero Corp. (NYSE:BOWL)

Stifel Financial Corp grew its position in Bowlero Corp. (NYSE:BOWL) by 3.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 74,969 shares of the company’s stock after purchasing an additional 2,664 shares during the period. Stifel Financial Corp owned about 0.05% of Bowlero worth $880,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Victory Capital Management Inc. lifted its holdings in Bowlero by 13.1% during the third quarter. Victory Capital Management Inc. now owns 33,099 shares of the company’s stock worth $389,000 after acquiring an additional 3,835 shares in the last quarter. Janus Henderson Group PLC raised its position in shares of Bowlero by 8.6% during the third quarter. Janus Henderson Group PLC now owns 60,022 shares of the company’s stock worth $705,000 after purchasing an additional 4,763 shares during the period. Centiva Capital LP acquired a new stake in shares of Bowlero during the third quarter worth about $207,000. XTX Topco Ltd bought a new position in shares of Bowlero during the 2nd quarter valued at about $411,000. Finally, Private Management Group Inc. grew its position in shares of Bowlero by 2.5% in the 2nd quarter. Private Management Group Inc. now owns 1,290,388 shares of the company’s stock valued at $18,698,000 after purchasing an additional 32,076 shares during the period. 68.11% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

BOWL has been the topic of several research analyst reports. Truist Financial started coverage on shares of Bowlero in a report on Tuesday, December 10th. They set a “buy” rating and a $16.00 target price on the stock. Canaccord Genuity Group reiterated a “buy” rating and issued a $18.00 price objective on shares of Bowlero in a report on Monday, September 30th. B. Riley reaffirmed a “buy” rating and set a $17.00 price target on shares of Bowlero in a research report on Tuesday, September 3rd. Royal Bank of Canada upgraded shares of Bowlero to a “moderate buy” rating in a research note on Thursday, October 3rd. Finally, Piper Sandler assumed coverage on Bowlero in a research report on Monday, October 28th. They set a “neutral” rating and a $12.00 price target on the stock. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, Bowlero currently has an average rating of “Moderate Buy” and a consensus target price of $15.89.

Bowlero Price Performance

BOWL stock opened at $10.25 on Wednesday. The business’s fifty day moving average price is $11.56 and its two-hundred day moving average price is $12.08. The stock has a market capitalization of $1.51 billion, a price-to-earnings ratio of -16.80 and a beta of 0.70. Bowlero Corp. has a fifty-two week low of $9.70 and a fifty-two week high of $15.47.

Bowlero (NYSE:BOWL) last posted 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 31.58%. The firm had revenue of $260.20 million during the quarter, compared to the consensus estimate of $249.42 million. During the same quarter in the previous year, the firm posted ($0.10) EPS. Research analysts expect that Bowlero Corp. will post 0.45 EPS for the current year.

Bowlero Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 22nd were paid a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date of this dividend was Friday, November 22nd. Bowlero’s dividend payout ratio (DPR) is presently -36.07%.

Bowlero 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.