Brokerages Set Bowlero Corp. (NYSE:BOWL) PT at $18.67

Bowlero Corp. (NYSE:BOWL) has been assigned an average rating of “Buy” from the six ratings firms that are covering the company, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a buy rating. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $18.00.

Several research firms have recently weighed in on BOWL. Stifel Nicolaus reduced their price objective on Bowlero from $21.00 to $19.00 and set a “buy” rating for the company in a research note on Tuesday, April 23rd. Roth Mkm increased their target price on Bowlero from $14.00 to $17.00 and gave the company a “buy” rating in a report on Tuesday, February 6th. Finally, Oppenheimer increased their target price on Bowlero from $16.00 to $18.00 and gave the company an “outperform” rating in a report on Wednesday, February 14th.

Bowlero Stock Performance

BOWL opened at $11.71 on Friday. The firm has a market cap of $1.75 billion, a PE ratio of 65.06 and a beta of 0.50. The company has a quick ratio of 1.14, a current ratio of 1.22 and a debt-to-equity ratio of 46.80. The business has a fifty day simple moving average of $12.81 and a 200-day simple moving average of $12.10. Bowlero has a fifty-two week low of $8.85 and a fifty-two week high of $15.47.

Bowlero (NYSE:BOWL) last released its quarterly earnings data on Monday, February 5th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.13). The company had revenue of $305.67 million for the quarter, compared to the consensus estimate of $300.46 million. Bowlero had a return on equity of 98.75% and a net margin of 6.33%. As a group, equities analysts predict that Bowlero will post 0.15 EPS for the current fiscal year.

Bowlero Dividend Announcement

The company also recently disclosed a Variable dividend, which was paid on Friday, March 8th. Investors of record on Friday, February 23rd were issued a dividend of $0.055 per share. The ex-dividend date was Thursday, February 22nd. Bowlero’s dividend payout ratio is 122.22%.

Insider Buying and Selling

In related news, Director Michelle D. Wilson sold 87,267 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $12.88, for a total transaction of $1,123,998.96. Following the completion of the sale, the director now directly owns 1,040,204 shares in the company, valued at $13,397,827.52. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 56.54% of the stock is owned by corporate insiders.

Institutional Trading of Bowlero

Hedge funds and other institutional investors have recently modified their holdings of the company. Parkside Financial Bank & Trust increased its position in Bowlero by 35.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 4,892 shares of the company’s stock worth $69,000 after buying an additional 1,286 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Bowlero by 23.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,692 shares of the company’s stock valued at $93,000 after purchasing an additional 1,842 shares during the last quarter. Bleakley Financial Group LLC grew its position in shares of Bowlero by 7.6% in the fourth quarter. Bleakley Financial Group LLC now owns 26,890 shares of the company’s stock valued at $381,000 after purchasing an additional 1,890 shares during the last quarter. Simplicity Solutions LLC grew its position in shares of Bowlero by 7.6% in the fourth quarter. Simplicity Solutions LLC now owns 26,890 shares of the company’s stock valued at $381,000 after purchasing an additional 1,890 shares during the last quarter. Finally, Arizona State Retirement System grew its position in shares of Bowlero by 19.0% in the third quarter. Arizona State Retirement System now owns 12,833 shares of the company’s stock valued at $123,000 after purchasing an additional 2,046 shares during the last quarter. 68.11% of the stock is currently owned by hedge funds and other institutional investors.

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.