Bowlero Corp. (NYSE:BOWL) Shares Acquired by Simplicity Solutions LLC

Simplicity Solutions LLC boosted its position in Bowlero Corp. (NYSE:BOWL) by 7.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,890 shares of the company’s stock after buying an additional 1,890 shares during the quarter. Simplicity Solutions LLC’s holdings in Bowlero were worth $381,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BOWL. Ameriprise Financial Inc. lifted its stake in shares of Bowlero by 305.6% in the first quarter. Ameriprise Financial Inc. now owns 3,866,961 shares of the company’s stock worth $65,546,000 after acquiring an additional 2,913,597 shares in the last quarter. Vanguard Group Inc. purchased a new position in shares of Bowlero during the 1st quarter valued at approximately $26,555,000. Two Sigma Investments LP grew its position in shares of Bowlero by 314.2% during the first quarter. Two Sigma Investments LP now owns 1,827,165 shares of the company’s stock worth $30,970,000 after buying an additional 1,386,087 shares in the last quarter. Private Management Group Inc. bought a new stake in shares of Bowlero in the third quarter worth $12,217,000. Finally, Two Sigma Advisers LP raised its holdings in Bowlero by 904.5% in the first quarter. Two Sigma Advisers LP now owns 1,319,900 shares of the company’s stock valued at $22,372,000 after acquiring an additional 1,188,500 shares in the last quarter. 68.11% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Bowlero

In other Bowlero news, Director Michelle D. Wilson sold 87,267 shares of the business’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $12.88, for a total transaction of $1,123,998.96. Following the sale, the director now directly owns 1,040,204 shares in the company, valued at approximately $13,397,827.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 56.54% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on BOWL shares. Roth Mkm boosted their target price on shares of Bowlero from $14.00 to $17.00 and gave the stock a “buy” rating in a research report on Tuesday, February 6th. Oppenheimer lifted their price target on Bowlero from $16.00 to $18.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 14th. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $18.67.

Bowlero Price Performance

Shares of NYSE:BOWL opened at $11.91 on Friday. The firm’s 50 day moving average is $13.03 and its two-hundred day moving average is $12.06. The firm has a market capitalization of $1.78 billion, a P/E ratio of 66.14 and a beta of 0.50. The company has a current ratio of 1.22, a quick ratio of 1.14 and a debt-to-equity ratio of 46.80. Bowlero Corp. has a 52 week low of $8.85 and a 52 week high of $15.68.

Bowlero (NYSE:BOWL) last posted its earnings results on Monday, February 5th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.13). Bowlero had a net margin of 6.33% and a return on equity of 98.75%. The business had revenue of $305.67 million during the quarter, compared to analyst estimates of $300.46 million. Analysts anticipate that Bowlero Corp. will post 0.17 earnings per share for the current year.

Bowlero Announces Dividend

The business also recently disclosed a Variable dividend, which was paid on Friday, March 8th. Investors of record on Friday, February 23rd were issued a $0.055 dividend. The ex-dividend date was Thursday, February 22nd. Bowlero’s payout ratio is currently 122.22%.

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.