Bowlero Corp. (NYSE:BOWL) Receives $18.67 Consensus Price Target from Analysts

Bowlero Corp. (NYSE:BOWL) has earned a consensus rating of “Buy” from the six ratings firms that are currently covering the stock, Marketbeat reports. Six investment analysts have rated the stock with a buy recommendation. The average twelve-month target price among brokers that have covered the stock in the last year is $18.00.

A number of research analysts recently commented on the stock. Stifel Nicolaus lowered their price objective on shares of Bowlero from $21.00 to $19.00 and set a “buy” rating on the stock in a research report on Tuesday. Roth Mkm upped their price target on shares of Bowlero from $14.00 to $17.00 and gave the stock a “buy” rating in a research note on Tuesday, February 6th. Finally, Oppenheimer lifted their price objective on Bowlero from $16.00 to $18.00 and gave the company an “outperform” rating in a research report on Wednesday, February 14th.

Bowlero Price Performance

Shares of NYSE:BOWL opened at $11.30 on Friday. The company has a market cap of $1.69 billion, a P/E ratio of 62.78 and a beta of 0.50. The company’s fifty day moving average is $12.92 and its two-hundred day moving average is $12.10. The company has a quick ratio of 1.14, a current ratio of 1.22 and a debt-to-equity ratio of 46.80. Bowlero has a 12-month low of $8.85 and a 12-month high of $15.47.

Bowlero (NYSE:BOWL) last announced its quarterly earnings data on Monday, February 5th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.13). Bowlero had a return on equity of 98.75% and a net margin of 6.33%. The business had revenue of $305.67 million during the quarter, compared to analysts’ expectations of $300.46 million. Equities analysts expect that Bowlero will post 0.17 earnings per share for the current fiscal year.

Bowlero Announces Dividend

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

Insider Buying and Selling

In other news, Director Michelle D. Wilson sold 87,267 shares of the company’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $12.88, for a total transaction of $1,123,998.96. Following the completion of the sale, the director now owns 1,040,204 shares in the company, valued at approximately $13,397,827.52. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 56.54% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Bowlero

A number of institutional investors have recently modified their holdings of BOWL. PNC Financial Services Group Inc. bought a new stake in shares of Bowlero during the 3rd quarter worth $51,000. Parkside Financial Bank & Trust boosted its holdings in Bowlero by 35.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 4,892 shares of the company’s stock valued at $69,000 after acquiring an additional 1,286 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Bowlero by 23.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,692 shares of the company’s stock valued at $93,000 after purchasing an additional 1,842 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in shares of Bowlero by 2,940.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 6,568 shares of the company’s stock worth $93,000 after purchasing an additional 6,352 shares during the period. Finally, Bfsg LLC acquired a new position in shares of Bowlero during the 3rd quarter worth about $114,000. Institutional investors own 68.11% of the company’s stock.

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.