Bowlero (NYSE:BOWL - Get Free Report) released its quarterly earnings results on Monday. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of ($0.17) by $0.30, Zacks reports. Bowlero had a negative net margin of 7.24% and a negative return on equity of 5.36%. The firm had revenue of $260.20 million for the quarter, compared to analysts' expectations of $249.42 million. During the same period in the prior year, the firm earned ($0.10) EPS. Bowlero updated its FY 2025 guidance to EPS.
Bowlero Stock Performance
Shares of BOWL traded up $1.21 during trading hours on Tuesday, hitting $11.59. The company had a trading volume of 1,873,127 shares, compared to its average volume of 813,304. The stock has a market capitalization of $1.71 billion, a price-to-earnings ratio of -17.88 and a beta of 0.62. The firm has a fifty day moving average price of $11.47 and a 200-day moving average price of $12.17. Bowlero has a 52-week low of $8.85 and a 52-week high of $15.47.
Bowlero Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 22nd will be issued a dividend of $0.055 per share. The ex-dividend date is Friday, November 22nd. This represents a $0.22 annualized dividend and a dividend yield of 1.90%. Bowlero's payout ratio is -33.85%.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on BOWL. B. Riley reaffirmed a "buy" rating and issued a $17.00 price objective on shares of Bowlero in a research note on Tuesday, September 3rd. JPMorgan Chase & Co. dropped their price objective on shares of Bowlero from $16.00 to $15.00 and set an "overweight" rating for the company in a research note on Tuesday. Piper Sandler initiated coverage on shares of Bowlero in a research note on Monday, October 28th. They set a "neutral" rating and a $12.00 target price on the stock. Canaccord Genuity Group reiterated a "buy" rating and issued a $18.00 price target on shares of Bowlero in a research note on Monday, September 30th. Finally, Royal Bank of Canada upgraded Bowlero to a "moderate buy" rating in a research report on Thursday, October 3rd. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $15.88.
View Our Latest Stock Analysis on BOWL
About Bowlero
(
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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.
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