Dark Forest Capital Management LP Sells 14,035 Shares of Bowlero Corp. (NYSE:BOWL)

Dark Forest Capital Management LP lowered its position in Bowlero Corp. (NYSE:BOWL) by 46.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 16,050 shares of the company’s stock after selling 14,035 shares during the period. Dark Forest Capital Management LP’s holdings in Bowlero were worth $233,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of BOWL. PNC Financial Services Group Inc. boosted its stake in shares of Bowlero by 47.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 7,800 shares of the company’s stock worth $110,000 after acquiring an additional 2,500 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in Bowlero by 7.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 14,953 shares of the company’s stock worth $205,000 after purchasing an additional 978 shares during the period. Diversified Trust Co grew its holdings in Bowlero by 39.4% during the 1st quarter. Diversified Trust Co now owns 23,700 shares of the company’s stock valued at $325,000 after buying an additional 6,700 shares in the last quarter. Summit Securities Group LLC bought a new stake in shares of Bowlero during the second quarter valued at approximately $392,000. Finally, XTX Topco Ltd purchased a new position in shares of Bowlero in the second quarter worth $411,000. Hedge funds and other institutional investors own 68.11% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, B. Riley reaffirmed a “buy” rating and set a $17.00 target price on shares of Bowlero in a research note on Tuesday, September 3rd. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Bowlero currently has an average rating of “Moderate Buy” and an average target price of $16.57.

Bowlero Stock Up 2.0 %

BOWL stock opened at $11.80 on Monday. Bowlero Corp. has a 52 week low of $8.85 and a 52 week high of $15.47. The firm has a market capitalization of $1.76 billion, a P/E ratio of 22.26 and a beta of 0.59. The company has a fifty day simple moving average of $11.61 and a two-hundred day simple moving average of $12.45.

Bowlero Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 23rd were given a dividend of $0.055 per share. The ex-dividend date was Friday, August 23rd. This represents a $0.22 dividend on an annualized basis and a yield of 1.86%. Bowlero’s dividend payout ratio (DPR) is presently 41.51%.

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.