Game Creek Capital LP Has $2.71 Million Position in Bowlero Corp. (NYSE:BOWL)

Game Creek Capital LP lessened its stake in shares of Bowlero Corp. (NYSE:BOWL – Get Rating) by 18.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 220,000 shares of the company’s stock after selling 50,000 shares during the period. Bowlero comprises approximately 1.6% of Game Creek Capital LP’s investment portfolio, making the stock its 22nd largest holding. Game Creek Capital LP owned 0.13% of Bowlero worth $2,708,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Paragon Wealth Strategies LLC bought a new stake in Bowlero during the third quarter worth about $41,000. Price T Rowe Associates Inc. MD raised its holdings in Bowlero by 26.0% during the second quarter. Price T Rowe Associates Inc. MD now owns 18,012 shares of the company’s stock worth $191,000 after acquiring an additional 3,712 shares in the last quarter. Quantbot Technologies LP bought a new stake in Bowlero in the second quarter valued at approximately $72,000. Prelude Capital Management LLC raised its stake in Bowlero by 31.7% in the first quarter. Prelude Capital Management LLC now owns 30,959 shares of the company’s stock valued at $330,000 after buying an additional 7,459 shares during the period. Finally, Bank of America Corp DE bought a new stake in Bowlero in the first quarter valued at approximately $84,000. Institutional investors own 64.88% of the company’s stock.

Analysts Set New Price Targets

Separately, Oppenheimer started coverage on Bowlero in a research note on Monday, October 3rd. They issued an “outperform” rating and a $16.00 price objective on the stock.

Insider Activity

In other news, CFO Brett I. Parker sold 32,500 shares of the company’s stock in a transaction that occurred on Friday, January 20th. The stock was sold at an average price of $14.50, for a total value of $471,250.00. Following the transaction, the chief financial officer now owns 2,117,673 shares of the company’s stock, valued at $30,706,258.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Brett I. Parker sold 32,500 shares of the stock in a transaction that occurred on Friday, January 20th. The stock was sold at an average price of $14.50, for a total transaction of $471,250.00. Following the sale, the chief financial officer now owns 2,117,673 shares of the company’s stock, valued at $30,706,258.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Thomas F. Shannon sold 10,203 shares of the stock in a transaction that occurred on Friday, January 6th. The stock was sold at an average price of $13.75, for a total value of $140,291.25. Following the sale, the chief executive officer now directly owns 2,389,797 shares in the company, valued at approximately $32,859,708.75. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 474,319 shares of company stock valued at $6,710,998. 53.65% of the stock is owned by insiders.

Bowlero Stock Performance

NYSE:BOWL opened at $14.28 on Wednesday. The stock’s 50 day moving average price is $13.38 and its two-hundred day moving average price is $12.92. Bowlero Corp. has a 12-month low of $6.96 and a 12-month high of $15.28.

Bowlero (NYSE:BOWL – Get Rating) last posted its earnings results on Wednesday, November 16th. The company reported $0.03 EPS for the quarter, meeting the consensus estimate of $0.03. Bowlero had a negative return on equity of 157.07% and a negative net margin of 8.22%. The company had revenue of $230.26 million for the quarter, compared to the consensus estimate of $222.35 million. Equities analysts predict that Bowlero Corp. will post 0.73 EPS for the current fiscal year.

Bowlero Company Profile

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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. As of July 3, 2022, it operated approximately 317 centers in the United States, Mexico, and Canada.