Bowlero (NYSE:BOWL) Stock Price Up 0.1% - Should You Buy?

Bowlero Corp. (NYSE:BOWL - Get Free Report) shares traded up 0.1% on Monday . The company traded as high as $9.61 and last traded at $9.56. 683,820 shares traded hands during trading, a decline of 14% from the average session volume of 796,863 shares. The stock had previously closed at $9.55.

Analyst Upgrades and Downgrades

Separately, Truist Financial started coverage on shares of Bowlero in a research note on Tuesday, December 10th. They set a "buy" rating and a $16.00 price target for the company. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $15.89.

Bowlero Stock Up 5.5 %

The stock has a 50 day simple moving average of $10.66 and a 200 day simple moving average of $11.16. The stock has a market cap of $1.49 billion, a price-to-earnings ratio of -16.59 and a beta of 0.70.

Hedge Funds Weigh In On Bowlero

Several hedge funds have recently modified their holdings of BOWL. Portolan Capital Management LLC bought a new stake in shares of Bowlero in the third quarter valued at $8,281,000. Systematic Financial Management LP grew its holdings in shares of Bowlero by 24.0% during the third quarter. Systematic Financial Management LP now owns 838,090 shares of the company's stock worth $9,839,000 after purchasing an additional 161,951 shares in the last quarter. King Luther Capital Management Corp lifted its holdings in shares of Bowlero by 51.0% during the 3rd quarter. King Luther Capital Management Corp now owns 356,105 shares of the company's stock worth $4,181,000 after acquiring an additional 120,215 shares during the last quarter. State Street Corp lifted its holdings in shares of Bowlero by 43.2% in the 3rd quarter. State Street Corp now owns 285,534 shares of the company's stock worth $3,352,000 after acquiring an additional 86,083 shares during the last quarter. Finally, Quest Partners LLC increased its holdings in shares of Bowlero by 3,311,100.0% in the third quarter. Quest Partners LLC now owns 33,112 shares of the company's stock worth $389,000 after buying an additional 33,111 shares during the period. Institutional investors own 68.11% of the company's stock.

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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.