Shares of Bowlero Corp. (NYSE:BOWL - Get Free Report) fell 0.9% during trading on Friday . The stock traded as low as $12.63 and last traded at $12.79. 660,771 shares were traded during mid-day trading, a decline of 17% from the average session volume of 796,863 shares. The stock had previously closed at $12.91.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on BOWL shares. JPMorgan Chase & Co. cut their price objective on Bowlero from $16.00 to $15.00 and set an "overweight" rating on the stock in a research report on Tuesday, November 5th. Truist Financial initiated coverage on Bowlero in a report on Tuesday, December 10th. They set a "buy" rating and a $16.00 price target on the stock. Finally, Piper Sandler started coverage on Bowlero in a research note on Monday, October 28th. They issued a "neutral" rating and a $12.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $15.89.
Get Our Latest Stock Analysis on BOWL
Bowlero Trading Down 4.0 %
The firm has a market cap of $1.80 billion, a PE ratio of -20.13 and a beta of 0.70. The business has a fifty day moving average price of $10.74 and a 200 day moving average price of $11.26.
Institutional Trading of Bowlero
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BOWL. Victory Capital Management Inc. boosted its holdings in shares of Bowlero by 13.1% in the 3rd quarter. Victory Capital Management Inc. now owns 33,099 shares of the company's stock valued at $389,000 after buying an additional 3,835 shares in the last quarter. Quest Partners LLC boosted its stake in Bowlero by 3,311,100.0% in the third quarter. Quest Partners LLC now owns 33,112 shares of the company's stock valued at $389,000 after acquiring an additional 33,111 shares in the last quarter. King Luther Capital Management Corp grew its holdings in shares of Bowlero by 51.0% during the third quarter. King Luther Capital Management Corp now owns 356,105 shares of the company's stock worth $4,181,000 after purchasing an additional 120,215 shares during the last quarter. Centiva Capital LP acquired a new stake in shares of Bowlero during the third quarter worth about $207,000. Finally, Janus Henderson Group PLC lifted its holdings in shares of Bowlero by 8.6% in the 3rd quarter. Janus Henderson Group PLC now owns 60,022 shares of the company's stock valued at $705,000 after purchasing an additional 4,763 shares during the last quarter. Institutional investors and hedge funds own 68.11% of the company's stock.
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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