Bowlero Corp. (NYSE:BOWL) Receives $16.57 Average Target Price from Analysts

Shares of Bowlero Corp. (NYSE:BOWL) have been given a consensus rating of “Moderate Buy” by the eight analysts that are covering the stock, MarketBeat reports. One analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $16.57.

BOWL has been the subject of several analyst reports. Oppenheimer decreased their target price on Bowlero from $18.00 to $15.00 and set an “outperform” rating for the company in a research report on Tuesday, May 7th. JPMorgan Chase & Co. cut their price objective on Bowlero from $17.00 to $16.00 and set an “overweight” rating on the stock in a research note on Friday, May 3rd. CJS Securities reiterated a “market perform” rating on shares of Bowlero in a research report on Tuesday, May 7th. Canaccord Genuity Group dropped their price target on Bowlero from $20.00 to $18.00 and set a “buy” rating on the stock in a research report on Tuesday, May 7th. Finally, Stifel Nicolaus lowered their target price on Bowlero from $19.00 to $17.00 and set a “buy” rating on the stock in a research report on Tuesday, May 7th.

Bowlero Stock Down 4.6 %

NYSE BOWL opened at $11.16 on Tuesday. Bowlero has a fifty-two week low of $8.85 and a fifty-two week high of $15.47. The stock has a market cap of $1.66 billion, a price-to-earnings ratio of 21.06 and a beta of 0.62. The business has a fifty day moving average of $13.36 and a 200-day moving average of $12.84.

Bowlero (NYSE:BOWL) last announced its quarterly earnings results on Monday, May 6th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.11). The firm had revenue of $337.67 million for the quarter, compared to analyst estimates of $341.45 million. Bowlero had a return on equity of 330.46% and a net margin of 11.24%. As a group, analysts anticipate that Bowlero will post 0.04 EPS for the current year.

Insider Buying and Selling at Bowlero

In other news, Director Michelle D. Wilson sold 65,829 shares of Bowlero stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $12.90, for a total value of $849,194.10. Following the completion of the transaction, the director now owns 848,471 shares in the company, valued at $10,945,275.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Michelle D. Wilson sold 65,829 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $12.90, for a total value of $849,194.10. Following the completion of the transaction, the director now owns 848,471 shares in the company, valued at approximately $10,945,275.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michelle D. Wilson sold 39,309 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $13.98, for a total transaction of $549,539.82. Following the completion of the transaction, the director now owns 958,162 shares of the company’s stock, valued at approximately $13,395,104.76. The disclosure for this sale can be found here. Company insiders own 56.54% of the company’s stock.

Institutional Trading of Bowlero

Institutional investors and hedge funds have recently made changes to their positions in the business. Parkside Financial Bank & Trust lifted its stake in shares of Bowlero by 35.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 4,892 shares of the company’s stock valued at $69,000 after purchasing an additional 1,286 shares during the period. Tower Research Capital LLC TRC lifted its stake in shares of Bowlero by 2,940.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 6,568 shares of the company’s stock valued at $93,000 after purchasing an additional 6,352 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of Bowlero by 47.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 7,800 shares of the company’s stock valued at $110,000 after purchasing an additional 2,500 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of Bowlero by 7.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 14,953 shares of the company’s stock valued at $205,000 after purchasing an additional 978 shares during the period. Finally, Raymond James & Associates lifted its stake in shares of Bowlero by 26.6% in the 4th quarter. Raymond James & Associates now owns 21,520 shares of the company’s stock valued at $305,000 after purchasing an additional 4,520 shares during the period. Institutional investors own 68.11% of the company’s stock.

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.