Shares of Bowlero Corp. (NYSE:BOWL - Get Free Report) dropped 1.5% during mid-day trading on Tuesday . The company traded as low as $9.48 and last traded at $9.76. Approximately 206,610 shares were traded during mid-day trading, a decline of 69% from the average daily volume of 665,649 shares. The stock had previously closed at $9.91.
Analyst Ratings Changes
Separately, Truist Financial started coverage on Bowlero in a research report on Tuesday, December 10th. They issued a "buy" rating and a $16.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $15.89.
Read Our Latest Stock Analysis on BOWL
Bowlero Stock Performance
The company has a fifty day moving average price of $10.52 and a 200-day moving average price of $11.00. The firm has a market capitalization of $1.25 billion, a PE ratio of -13.93 and a beta of 0.70.
Institutional Trading of Bowlero
A number of large investors have recently made changes to their positions in BOWL. State Street Corp grew its position in Bowlero by 43.2% in the third 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 in the last quarter. Stifel Financial Corp boosted its holdings in shares of Bowlero by 3.7% in the 3rd quarter. Stifel Financial Corp now owns 74,969 shares of the company's stock worth $880,000 after purchasing an additional 2,664 shares during the period. Janus Henderson Group PLC raised its holdings in Bowlero by 8.6% during the 3rd quarter. Janus Henderson Group PLC now owns 60,022 shares of the company's stock valued at $705,000 after buying an additional 4,763 shares during the period. Centiva Capital LP bought a new stake in Bowlero in the third quarter worth $207,000. Finally, Raymond James Financial Inc. purchased a new position in Bowlero during the fourth quarter worth $184,000. 68.11% of the stock is currently owned by institutional investors.
About Bowlero
(
Get Free Report)
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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