Stifel Financial Corp Acquires 2,664 Shares of Bowlero Corp. (NYSE:BOWL)

Stifel Financial Corp boosted its holdings in Bowlero Corp. (NYSE:BOWL) by 3.7% in the third quarter, Holdings Channel reports. The institutional investor owned 74,969 shares of the company’s stock after acquiring an additional 2,664 shares during the quarter. Stifel Financial Corp’s holdings in Bowlero were worth $880,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Centiva Capital LP purchased a new position in shares of Bowlero in the third quarter valued at $207,000. Victory Capital Management Inc. lifted its holdings in Bowlero by 13.1% during the 3rd quarter. Victory Capital Management Inc. now owns 33,099 shares of the company’s stock worth $389,000 after purchasing an additional 3,835 shares in the last quarter. Quest Partners LLC boosted its stake in Bowlero by 3,311,100.0% in the 3rd quarter. Quest Partners LLC now owns 33,112 shares of the company’s stock worth $389,000 after purchasing an additional 33,111 shares during the period. XTX Topco Ltd purchased a new position in Bowlero during the 2nd quarter valued at about $411,000. Finally, Janus Henderson Group PLC increased its position in shares of Bowlero by 8.6% during the third quarter. Janus Henderson Group PLC now owns 60,022 shares of the company’s stock valued at $705,000 after buying an additional 4,763 shares during the period. Institutional investors own 68.11% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on BOWL. JPMorgan Chase & Co. decreased their target price on shares of Bowlero from $16.00 to $15.00 and set an “overweight” rating on the stock in a report on Tuesday, November 5th. B. Riley reiterated a “buy” rating and issued a $17.00 price objective on shares of Bowlero in a research report on Tuesday, September 3rd. Piper Sandler assumed coverage on Bowlero in a research note on Monday, October 28th. They issued a “neutral” rating and a $12.00 target price on the stock. Truist Financial assumed coverage on shares of Bowlero in a research note on Tuesday, December 10th. They issued a “buy” rating and a $16.00 price target for the company. Finally, Canaccord Genuity Group restated a “buy” rating and set a $18.00 price objective on shares of Bowlero in a research report on Monday, September 30th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $15.89.

Bowlero Price Performance

NYSE BOWL opened at $10.25 on Wednesday. Bowlero Corp. has a 1 year low of $9.70 and a 1 year high of $15.47. The stock has a market capitalization of $1.51 billion, a PE ratio of -16.80 and a beta of 0.70. The business’s 50-day moving average is $11.56 and its 200 day moving average is $12.08.

Bowlero (NYSE:BOWL) last released its quarterly earnings results on Monday, November 4th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.30. Bowlero had a negative net margin of 6.63% and a negative return on equity of 31.58%. The company had revenue of $260.20 million during the quarter, compared to the consensus estimate of $249.42 million. During the same period in the prior year, the firm earned ($0.10) earnings per share. As a group, equities research analysts anticipate that Bowlero Corp. will post 0.45 earnings per share for the current year.

Bowlero Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 22nd were given a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date was Friday, November 22nd. Bowlero’s dividend payout ratio (DPR) is presently -36.07%.

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.