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

Shares of Bowlero Corp. (NYSE:BOWL) have received a consensus rating of “Moderate Buy” from the ten brokerages that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $15.89.

A number of brokerages recently commented on BOWL. JPMorgan Chase & Co. dropped their target price on Bowlero from $16.00 to $15.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 5th. Truist Financial assumed coverage on shares of Bowlero in a research note on Tuesday, December 10th. They issued a “buy” rating and a $16.00 price objective on the stock. Finally, Piper Sandler started 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.

Institutional Trading of Bowlero

Several institutional investors have recently bought and sold shares of BOWL. Barclays PLC raised its position in shares of Bowlero by 22.6% during the 3rd quarter. Barclays PLC now owns 7,807 shares of the company’s stock worth $91,000 after purchasing an additional 1,439 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Bowlero during the fourth quarter valued at approximately $184,000. Centiva Capital LP purchased a new position in shares of Bowlero in the third quarter valued at approximately $207,000. Victory Capital Management Inc. boosted its stake in shares of Bowlero by 13.1% in 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 during the last quarter. Finally, Quest Partners LLC increased its position in shares of Bowlero by 3,311,100.0% during the third quarter. Quest Partners LLC now owns 33,112 shares of the company’s stock worth $389,000 after purchasing an additional 33,111 shares in the last quarter. 68.11% of the stock is owned by institutional investors and hedge funds.

Bowlero Stock Performance

Bowlero stock opened at $12.79 on Friday. The business’s 50-day simple moving average is $10.72 and its two-hundred day simple moving average is $11.28. The company has a market cap of $1.88 billion, a PE ratio of -20.97 and a beta of 0.70. Bowlero has a fifty-two week low of $9.70 and a fifty-two week high of $15.47.

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.