Bowlero Corp. (NYSE:BOWL) Given Consensus Recommendation of "Moderate Buy" by Analysts

Bowlero Corp. (NYSE:BOWL - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the ten analysts that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $15.89.

Several research firms have recently weighed in on BOWL. JPMorgan Chase & Co. reduced their price objective on shares of Bowlero from $16.00 to $15.00 and set an "overweight" rating for the company in a research report on Tuesday, November 5th. Piper Sandler began coverage on shares of Bowlero in a report on Monday, October 28th. They set a "neutral" rating and a $12.00 target price for the company. Finally, Truist Financial began coverage on shares of Bowlero in a research report on Tuesday, December 10th. They issued a "buy" rating and a $16.00 price target on the stock.

Institutional Trading of Bowlero

Hedge funds and other institutional investors have recently modified their holdings of the business. Deutsche Bank AG purchased a new stake in Bowlero in the 4th quarter worth about $47,000. Barclays PLC increased its holdings in shares of Bowlero by 22.6% in the 3rd quarter. Barclays PLC now owns 7,807 shares of the company's stock valued at $91,000 after purchasing an additional 1,439 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Bowlero in the fourth quarter worth approximately $184,000. Centiva Capital LP acquired a new position in Bowlero in the 3rd quarter valued at approximately $207,000. Finally, Victory Capital Management Inc. lifted its position in Bowlero by 13.1% in the 3rd quarter. Victory Capital Management Inc. now owns 33,099 shares of the company's stock worth $389,000 after buying an additional 3,835 shares in the last quarter. Institutional investors and hedge funds own 68.11% of the company's stock.

Bowlero Price Performance

Shares of Bowlero stock traded down $0.51 during trading on Friday, hitting $12.28. The stock had a trading volume of 429,226 shares, compared to its average volume of 796,863. The business has a fifty day moving average of $10.74 and a two-hundred day moving average of $11.26. The firm has a market cap of $1.80 billion, a P/E ratio of -20.13 and a beta of 0.70. Bowlero has a fifty-two week low of $9.70 and a fifty-two week high of $15.47.

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.