Champlain Investment Partners LLC Decreases Holdings in Bowlero Corp. (NYSE:BOWL)

Champlain Investment Partners LLC trimmed its position in shares of Bowlero Corp. (NYSE:BOWL - Free Report) by 11.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,496,414 shares of the company's stock after selling 314,106 shares during the period. Champlain Investment Partners LLC owned 1.69% of Bowlero worth $29,308,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD grew its stake in Bowlero by 7.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 14,953 shares of the company's stock valued at $205,000 after acquiring an additional 978 shares in the last quarter. Quest Partners LLC grew its stake in Bowlero by 3,311,100.0% during 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. Victory Capital Management Inc. grew its stake in Bowlero by 13.1% during the third quarter. Victory Capital Management Inc. now owns 33,099 shares of the company's stock valued at $389,000 after acquiring an additional 3,835 shares in the last quarter. Summit Securities Group LLC purchased a new position in shares of Bowlero in the 2nd quarter worth $392,000. Finally, XTX Topco Ltd purchased a new position in shares of Bowlero in the 2nd quarter worth $411,000. 68.11% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on BOWL shares. Piper Sandler started coverage on shares of Bowlero in a research note on Monday, October 28th. They issued a "neutral" rating and a $12.00 price objective for the company. Royal Bank of Canada raised shares of Bowlero to a "moderate buy" rating in a research note on Thursday, October 3rd. Canaccord Genuity Group reissued a "buy" rating and issued a $18.00 price objective on shares of Bowlero in a research note on Monday, September 30th. B. Riley restated a "buy" rating and issued a $17.00 target price on shares of Bowlero in a report on Tuesday, September 3rd. Finally, JPMorgan Chase & Co. lowered their target price on shares of Bowlero from $16.00 to $15.00 and set an "overweight" rating for the company in a report on Tuesday, November 5th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Bowlero has an average rating of "Moderate Buy" and an average target price of $15.88.

Bowlero Stock Up 0.4 %

BOWL traded up $0.04 on Friday, reaching $11.82. 238,202 shares of the company traded hands, compared to its average volume of 792,818. Bowlero Corp. has a one year low of $9.70 and a one year high of $15.47. The firm has a fifty day simple moving average of $11.60 and a two-hundred day simple moving average of $12.16. The company has a market cap of $1.74 billion, a P/E ratio of -19.38 and a beta of 0.62.

Bowlero (NYSE:BOWL - Get Free Report) last posted its quarterly earnings results on Monday, November 4th. The company reported $0.13 EPS for the quarter, beating the consensus estimate of ($0.17) by $0.30. Bowlero had a negative net margin of 6.63% and a negative return on equity of 31.58%. The business had revenue of $260.20 million during the quarter, compared to analyst estimates of $249.42 million. During the same quarter in the previous year, the business posted ($0.10) EPS. On average, equities analysts forecast that Bowlero Corp. will post 0.45 earnings per share for the current year.

Bowlero Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 22nd will be given a $0.055 dividend. The ex-dividend date is Friday, November 22nd. This represents a $0.22 annualized dividend and a dividend yield of 1.86%. Bowlero's payout ratio is presently -36.07%.

Bowlero Profile

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.