Bowlero Corp. (NYSE:BOWL) Receives Consensus Recommendation of “Buy” from Brokerages

Bowlero Corp. (NYSE:BOWL) has earned an average rating of “Buy” from the six brokerages that are currently covering the stock, MarketBeat reports. Six equities research analysts have rated the stock with a buy recommendation. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $18.00.

Several research analysts have recently commented on BOWL shares. Stifel Nicolaus lowered their price target on Bowlero from $21.00 to $19.00 and set a “buy” rating for the company in a research report on Tuesday. Oppenheimer raised 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. Finally, Roth Mkm boosted their price target on shares of Bowlero from $14.00 to $17.00 and gave the stock a “buy” rating in a research note on Tuesday, February 6th.

Insider Activity

In related news, Director Michelle D. Wilson sold 87,267 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $12.88, for a total transaction of $1,123,998.96. Following the sale, the director now directly owns 1,040,204 shares in the company, valued at $13,397,827.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 56.54% of the company’s stock.

Institutional Trading of Bowlero

A number of institutional investors have recently bought and sold shares of the business. Private Management Group Inc. purchased a new stake in Bowlero in the third quarter valued at $12,217,000. Cadian Capital Management LP acquired a new position in shares of Bowlero in the 3rd quarter valued at $4,810,000. Kent Lake Capital LLC raised its position in Bowlero by 500.0% in the 3rd quarter. Kent Lake Capital LLC now owns 600,000 shares of the company’s stock valued at $5,772,000 after purchasing an additional 500,000 shares during the last quarter. Kennedy Capital Management LLC raised its position in Bowlero by 283.8% in the 3rd quarter. Kennedy Capital Management LLC now owns 482,083 shares of the company’s stock valued at $4,638,000 after purchasing an additional 356,485 shares during the last quarter. Finally, Primecap Management Co. CA acquired a new stake in Bowlero during the 3rd quarter worth $3,145,000. 68.11% of the stock is owned by hedge funds and other institutional investors.

Bowlero Trading Up 0.7 %

NYSE BOWL opened at $11.54 on Friday. Bowlero has a 12 month low of $8.85 and a 12 month high of $15.47. The stock has a market capitalization of $1.73 billion, a P/E ratio of 64.11 and a beta of 0.50. The firm’s 50-day moving average is $12.83 and its two-hundred day moving average is $12.09. The company has a debt-to-equity ratio of 46.80, a current ratio of 1.22 and a quick ratio of 1.14.

Bowlero (NYSE:BOWL) last issued its quarterly earnings data on Monday, February 5th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.13). Bowlero had a return on equity of 98.75% and a net margin of 6.33%. The company had revenue of $305.67 million during the quarter, compared to analyst estimates of $300.46 million. On average, sell-side analysts anticipate that Bowlero will post 0.17 earnings per share for the current year.

Bowlero Announces Dividend

The business also recently declared a Variable dividend, which was paid on Friday, March 8th. Shareholders 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 (DPR) is 122.22%.

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.