CJS Securities Reaffirms “Market Perform” Rating for Bowlero (NYSE:BOWL)

Bowlero (NYSE:BOWL)‘s stock had its “market perform” rating reaffirmed by CJS Securities in a research note issued on Tuesday, Benzinga reports.

Several other equities research analysts also recently commented on BOWL. Roth Mkm upped their target price on shares of Bowlero from $14.00 to $17.00 and gave the company a “buy” rating in a research note on Tuesday, February 6th. JPMorgan Chase & Co. cut their price objective on shares of Bowlero from $17.00 to $16.00 and set an “overweight” rating on the stock in a research report on Friday. Oppenheimer decreased their target price on shares of Bowlero from $18.00 to $15.00 and set an “outperform” rating for the company in a research report on Tuesday. Finally, Stifel Nicolaus reduced their price objective on shares of Bowlero from $19.00 to $17.00 and set a “buy” rating for the company in a research note on Tuesday. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $16.50.

Bowlero Price Performance

Shares of NYSE BOWL traded up $0.49 during mid-day trading on Tuesday, reaching $11.69. The company had a trading volume of 459,523 shares, compared to its average volume of 1,065,414. The stock has a market cap of $1.75 billion, a PE ratio of 63.33 and a beta of 0.57. The company has a 50-day moving average price of $12.74 and a two-hundred day moving average price of $12.15. The company has a current ratio of 1.22, a quick ratio of 1.14 and a debt-to-equity ratio of 46.80. Bowlero has a 1-year low of $8.85 and a 1-year high of $15.47.

Bowlero (NYSE:BOWL) last posted its quarterly earnings data on Monday, February 5th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.13). The business had revenue of $305.67 million during 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%. On average, equities analysts anticipate that Bowlero will post 0.15 earnings per share for the current year.

Insiders Place Their Bets

In other Bowlero news, Director Michelle D. Wilson sold 87,267 shares of the business’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $12.88, for a total value of $1,123,998.96. Following the transaction, the director now directly owns 1,040,204 shares in the company, valued at $13,397,827.52. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 56.54% of the company’s stock.

Hedge Funds Weigh In On Bowlero

Several hedge funds have recently made changes to their positions in the stock. Parkside Financial Bank & Trust raised its stake in Bowlero by 35.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 4,892 shares of the company’s stock valued at $69,000 after purchasing an additional 1,286 shares in the last quarter. PNC Financial Services Group Inc. bought a new position in shares of Bowlero during the 3rd quarter valued at about $51,000. Tower Research Capital LLC TRC raised its holdings in shares of Bowlero by 2,940.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 6,568 shares of the company’s stock valued at $93,000 after buying an additional 6,352 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Bowlero by 23.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,692 shares of the company’s stock worth $93,000 after purchasing an additional 1,842 shares during the period. Finally, Arizona State Retirement System increased its stake in Bowlero by 19.0% in the 3rd quarter. Arizona State Retirement System now owns 12,833 shares of the company’s stock worth $123,000 after purchasing an additional 2,046 shares during the period. 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.