Bowlero Corp. (NYSE:BOWL) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Shares of Bowlero Corp. (NYSE:BOWL - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the nine brokerages that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $15.88.

Several research analysts have issued reports on BOWL shares. B. Riley reiterated a "buy" rating and set a $17.00 price objective on shares of Bowlero in a research note on Tuesday, September 3rd. Royal Bank of Canada raised shares of Bowlero to a "moderate buy" rating in a research note on Thursday, October 3rd. Piper Sandler initiated coverage on shares of Bowlero in a research note on Monday, October 28th. They issued a "neutral" rating and a $12.00 target price for the company. JPMorgan Chase & Co. reduced their target price on Bowlero from $16.00 to $15.00 and set an "overweight" rating on the stock in a report on Tuesday. Finally, Canaccord Genuity Group reaffirmed a "buy" rating and set a $18.00 price target on shares of Bowlero in a report on Monday, September 30th.

Hedge Funds Weigh In On Bowlero

Several large investors have recently bought and sold shares of BOWL. Price T Rowe Associates Inc. MD grew its position in shares of Bowlero by 7.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 14,953 shares of the company's stock worth $205,000 after buying an additional 978 shares during the period. Victory Capital Management Inc. increased its stake in Bowlero by 13.1% in the third quarter. Victory Capital Management Inc. now owns 33,099 shares of the company's stock valued at $389,000 after purchasing an additional 3,835 shares in the last quarter. Bessemer Group Inc. raised its holdings in Bowlero by 12.3% in the first quarter. Bessemer Group Inc. now owns 37,200 shares of the company's stock worth $509,000 after purchasing an additional 4,070 shares during the period. Schwartz Investment Counsel Inc. boosted its position in shares of Bowlero by 5.2% during the second quarter. Schwartz Investment Counsel Inc. now owns 94,400 shares of the company's stock worth $1,368,000 after purchasing an additional 4,700 shares in the last quarter. Finally, Bleakley Financial Group LLC grew its holdings in shares of Bowlero by 52.4% in the 1st quarter. Bleakley Financial Group LLC now owns 40,971 shares of the company's stock valued at $561,000 after buying an additional 14,081 shares during the period. 68.11% of the stock is currently owned by institutional investors and hedge funds.

Bowlero Stock Performance

Shares of BOWL traded down $0.14 during trading hours on Thursday, reaching $11.61. 318,820 shares of the company traded hands, compared to its average volume of 810,567. The stock's fifty day moving average is $11.48 and its 200 day moving average is $12.17. The stock has a market cap of $1.71 billion, a P/E ratio of -19.21 and a beta of 0.62. Bowlero has a 1-year low of $9.70 and a 1-year high of $15.47.

Bowlero (NYSE:BOWL - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The company reported $0.13 EPS for the quarter, topping analysts' consensus estimates of ($0.17) by $0.30. Bowlero had a negative net margin of 6.63% and a negative return on equity of 34.55%. The firm had revenue of $260.20 million during the quarter, compared to analysts' expectations of $249.42 million. During the same quarter last year, the company earned ($0.10) earnings per share. On average, equities research analysts predict that Bowlero will post 0.2 EPS for the current year.

Bowlero Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 22nd will be given a $0.055 dividend. The ex-dividend date is Friday, November 22nd. This represents a $0.22 dividend on an annualized basis and a yield of 1.89%. Bowlero's payout ratio is -36.07%.

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.