Bowlero Corp. (NYSE:BOWL – Get Free Report) has been given an average recommendation of “Moderate Buy” by the ten ratings firms that are presently covering the firm, MarketBeat 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 target price among analysts that have covered the stock in the last year is $15.89.
A number of equities analysts recently weighed in on BOWL shares. Piper Sandler began coverage on shares of Bowlero in a research note on Monday, October 28th. They issued a “neutral” rating and a $12.00 target price for the company. Royal Bank of Canada raised shares of Bowlero to a “moderate buy” rating in a report on Thursday, October 3rd. Truist Financial assumed coverage on shares of Bowlero in a report on Tuesday, December 10th. They issued a “buy” rating and a $16.00 price target on the stock. Canaccord Genuity Group reaffirmed a “buy” rating and set a $18.00 price target on shares of Bowlero in a research report on Monday, September 30th. Finally, JPMorgan Chase & Co. dropped their price objective on Bowlero from $16.00 to $15.00 and set an “overweight” rating for the company in a report on Tuesday, November 5th.
Check Out Our Latest Stock Report on Bowlero
Hedge Funds Weigh In On Bowlero
Bowlero Price Performance
BOWL stock opened at $10.18 on Tuesday. The company has a 50 day moving average price of $10.98 and a 200 day moving average price of $11.50. The stock has a market capitalization of $1.50 billion, a PE ratio of -16.69 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.
Bowlero (NYSE:BOWL – Get Free Report) last issued 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 analysts’ expectations of $249.42 million. During the same quarter in the previous year, the company earned ($0.10) earnings per share. As a group, equities analysts expect that Bowlero will post 0.45 earnings per share for the current fiscal year.
Bowlero Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 22nd were paid a dividend of $0.055 per share. The ex-dividend date was Friday, November 22nd. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.16%. Bowlero’s payout ratio is presently -36.07%.
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.
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