Bowlero Corp. (NYSE:BOWL) Receives $15.88 Average PT from Analysts

Shares of Bowlero Corp. (NYSE:BOWL) have received an average recommendation of “Moderate Buy” from the nine brokerages that are currently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $15.88.

BOWL has been the subject of several recent research reports. JPMorgan Chase & Co. reduced their price objective on Bowlero from $16.00 to $15.00 and set an “overweight” rating for the company in a research note on Tuesday, November 5th. Piper Sandler initiated coverage on Bowlero in a research note on Monday, October 28th. They set a “neutral” rating and a $12.00 price target on the stock. B. Riley reissued a “buy” rating and issued a $17.00 price target on shares of Bowlero in a research report on Tuesday, September 3rd. Royal Bank of Canada upgraded shares of Bowlero to a “moderate buy” rating in a research note on Thursday, October 3rd. Finally, Canaccord Genuity Group restated a “buy” rating and set a $18.00 target price on shares of Bowlero in a research note on Monday, September 30th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BOWL. Lisanti Capital Growth LLC acquired a new position in Bowlero during the second quarter worth about $2,648,000. King Luther Capital Management Corp boosted its stake in shares of Bowlero by 51.0% during the 3rd quarter. King Luther Capital Management Corp now owns 356,105 shares of the company’s stock worth $4,181,000 after purchasing an additional 120,215 shares during the last quarter. Marshall Wace LLP raised its holdings in Bowlero by 101.5% in the 2nd quarter. Marshall Wace LLP now owns 363,784 shares of the company’s stock valued at $5,271,000 after acquiring an additional 183,252 shares during the last quarter. Systematic Financial Management LP boosted its stake in Bowlero by 24.0% in the 3rd quarter. Systematic Financial Management LP now owns 838,090 shares of the company’s stock worth $9,839,000 after buying an additional 161,951 shares during the last quarter. Finally, Janus Henderson Group PLC increased its position in Bowlero by 76.9% during the first quarter. Janus Henderson Group PLC now owns 46,617 shares of the company’s stock worth $639,000 after purchasing an additional 20,259 shares during the last quarter. Hedge funds and other institutional investors own 68.11% of the company’s stock.

Bowlero Stock Performance

NYSE BOWL opened at $11.87 on Monday. The firm has a market capitalization of $1.74 billion, a P/E ratio of -18.80 and a beta of 0.70. Bowlero has a fifty-two week low of $9.70 and a fifty-two week high of $15.47. The stock has a 50-day simple moving average of $11.70 and a two-hundred day simple moving average of $12.20.

Bowlero (NYSE:BOWL) last issued its quarterly earnings data on Monday, November 4th. The company reported $0.13 EPS for the quarter, beating the consensus estimate of ($0.17) by $0.30. The company had revenue of $260.20 million for the quarter, compared to analyst estimates of $249.42 million. Bowlero had a negative return on equity of 31.58% and a negative net margin of 6.63%. During the same period last year, the company earned ($0.10) earnings per share. As a group, analysts forecast that Bowlero will post 0.45 earnings per share for the current year.

Bowlero Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 22nd were paid a $0.055 dividend. This represents a $0.22 annualized dividend and a dividend yield of 1.85%. The ex-dividend date of this dividend was Friday, November 22nd. Bowlero’s dividend payout ratio (DPR) is presently -36.07%.

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.