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

Bowlero Corp. (NYSE:BOWLGet 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

A number of institutional investors and hedge funds have recently bought and sold shares of BOWL. Barclays PLC grew its holdings in Bowlero by 22.6% during the 3rd quarter. Barclays PLC now owns 7,807 shares of the company’s stock worth $91,000 after acquiring an additional 1,439 shares during the last quarter. Centiva Capital LP bought a new position in Bowlero during the 3rd quarter worth approximately $207,000. Victory Capital Management Inc. lifted its holdings in Bowlero by 13.1% in the third quarter. Victory Capital Management Inc. now owns 33,099 shares of the company’s stock valued at $389,000 after buying an additional 3,835 shares during the period. Quest Partners LLC lifted its stake in shares of Bowlero by 3,311,100.0% in the 3rd quarter. Quest Partners LLC now owns 33,112 shares of the company’s stock valued at $389,000 after purchasing an additional 33,111 shares during the period. Finally, XTX Topco Ltd bought a new stake in shares of Bowlero during the 2nd quarter valued at about $411,000. Institutional investors and hedge funds own 68.11% of the company’s stock.

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:BOWLGet 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

(Get Free Report

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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Analyst Recommendations for Bowlero (NYSE:BOWL)

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