Bowlero Corp. (NYSE:BOWL – Get Free Report)’s share price dropped 7.1% during mid-day trading on Thursday. The stock traded as low as $3.9420 and last traded at $4.06. Approximately 73,000 shares changed hands during mid-day trading, a decline of 87% from the average session volume of 583,815 shares. The stock had previously closed at $4.37.
Bowlero Trading Down 0.2%
The stock has a 50-day simple moving average of $5.42 and a 200 day simple moving average of $7.30. The stock has a market capitalization of $593.53 million, a price-to-earnings ratio of -6.62 and a beta of 0.70.
About Bowlero
Bowlero Corp. is a provider of bowling and location-based entertainment in North America. The company operates bowling centers under brands including Bowlero, Bowlmor Lanes and AMF, offering traditional and modern bowling experiences for recreational customers, leagues, parties and corporate events.
Its venues typically combine bowling with arcade games, billiards, food and beverage service, and other entertainment attractions. Bowlero also provides event and party packages for birthdays, group gatherings and corporate functions, with offerings designed for both casual visitors and organized bowling leagues.
The company has expanded through acquisitions and rebranding, including its acquisition of Lucky Strike Entertainment, and traces its business to the broader network of bowling centers formerly associated with Bowlmor AMF.
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