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

Shares of Bowlero Corp. (NYSE:BOWL) have been assigned an average recommendation of “Moderate Buy” from the eight analysts that are covering the company, MarketBeat Ratings reports. One 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 brokerages that have issued ratings on the stock in the last year is $16.57.

Separately, B. Riley reissued a “buy” rating and issued a $17.00 target price on shares of Bowlero in a research report on Tuesday, September 3rd.

Institutional Trading of Bowlero

Institutional investors and hedge funds have recently bought and sold shares of the stock. PNC Financial Services Group Inc. increased its position in shares of Bowlero by 47.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 7,800 shares of the company’s stock worth $110,000 after purchasing an additional 2,500 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake 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 valued at $205,000 after buying an additional 978 shares in the last quarter. Diversified Trust Co increased its holdings in Bowlero by 39.4% during the first quarter. Diversified Trust Co now owns 23,700 shares of the company’s stock worth $325,000 after buying an additional 6,700 shares during the last quarter. Summit Securities Group LLC bought a new stake in Bowlero during the second quarter worth $392,000. Finally, XTX Topco Ltd acquired a new stake in Bowlero in the second quarter valued at $411,000. Institutional investors own 68.11% of the company’s stock.

Bowlero Price Performance

BOWL opened at $12.19 on Wednesday. The company has a market capitalization of $1.81 billion, a price-to-earnings ratio of 23.00 and a beta of 0.59. The business’s 50-day moving average price is $11.97 and its two-hundred day moving average price is $12.54. Bowlero has a 1 year low of $8.85 and a 1 year high of $15.47.

Bowlero Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 23rd were given a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date was Friday, August 23rd. 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.