Bowlero Corp. (NYSE:BOWL) Given Average Rating of “Moderate Buy” by Analysts

Bowlero Corp. (NYSE:BOWL) has been assigned an average recommendation of “Moderate Buy” from the eight brokerages that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $16.57.

A number of research firms recently weighed in on BOWL. CJS Securities restated a “market perform” rating on shares of Bowlero in a report on Tuesday, May 7th. Craig Hallum raised their target price on Bowlero from $17.00 to $18.00 and gave the company a “buy” rating in a report on Tuesday, May 7th. Canaccord Genuity Group cut their target price on Bowlero from $20.00 to $18.00 and set a “buy” rating on the stock in a research report on Tuesday, May 7th. Roth Mkm lowered their price target on Bowlero from $17.00 to $15.00 and set a “buy” rating for the company in a research report on Tuesday, May 7th. Finally, Oppenheimer cut their price objective on shares of Bowlero from $18.00 to $15.00 and set an “outperform” rating on the stock in a report on Tuesday, May 7th.

Insider Buying and Selling at Bowlero

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

Institutional Investors Weigh In On Bowlero

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust boosted its holdings in shares of Bowlero by 35.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 4,892 shares of the company’s stock worth $69,000 after acquiring an additional 1,286 shares during the period. Tower Research Capital LLC TRC boosted its stake in Bowlero by 2,940.7% in the 4th 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. PNC Financial Services Group Inc. grew its holdings in Bowlero by 47.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 7,800 shares of the company’s stock valued at $110,000 after buying an additional 2,500 shares in the last quarter. Quent Capital LLC bought a new stake in shares of Bowlero during the fourth quarter valued at about $198,000. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Bowlero by 7.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 14,953 shares of the company’s stock worth $205,000 after buying an additional 978 shares in the last quarter. 68.11% of the stock is currently owned by institutional investors.

Bowlero Stock Up 0.7 %

NYSE BOWL opened at $14.13 on Friday. Bowlero has a 52 week low of $8.85 and a 52 week high of $15.47. The business has a 50 day moving average price of $12.73 and a 200-day moving average price of $12.79. The company has a market cap of $2.10 billion, a price-to-earnings ratio of 26.66 and a beta of 0.62.

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

Bowlero Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Friday, May 24th were given a $0.055 dividend. The ex-dividend date was Thursday, May 23rd. This represents a $0.22 annualized dividend and a yield of 1.56%. Bowlero’s dividend payout ratio is currently 41.51%.

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.