FY2025 EPS Estimates for Bowlero Boosted by Noble Financial

Bowlero Corp. (NYSE:BOWL - Free Report) - Equities research analysts at Noble Financial lifted their FY2025 earnings per share (EPS) estimates for shares of Bowlero in a report issued on Monday, November 11th. Noble Financial analyst M. Kupinski now forecasts that the company will post earnings per share of $0.38 for the year, up from their prior forecast of $0.15. The consensus estimate for Bowlero's current full-year earnings is $0.40 per share.

Bowlero (NYSE:BOWL - Get Free Report) last issued its quarterly earnings results on Monday, November 4th. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of ($0.17) by $0.30. The firm had revenue of $260.20 million during the quarter, compared to the consensus estimate of $249.42 million. Bowlero had a negative return on equity of 31.58% and a negative net margin of 6.63%. During the same period last year, the company earned ($0.10) earnings per share.

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

Bowlero Trading Down 1.7 %

BOWL traded down $0.20 during trading on Thursday, hitting $11.27. 1,769,335 shares of the company's stock traded hands, compared to its average volume of 813,431. The stock has a market capitalization of $1.66 billion, a price-to-earnings ratio of -18.79 and a beta of 0.62. The company's 50 day simple moving average is $11.54 and its two-hundred day simple moving average is $12.17. Bowlero has a 12-month low of $9.70 and a 12-month high of $15.47.

Bowlero Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 22nd will be given a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a dividend yield of 1.95%. The ex-dividend date is Friday, November 22nd. Bowlero's payout ratio is currently -36.06%.

Institutional Investors Weigh In On Bowlero

A number of hedge funds have recently bought and sold shares of BOWL. King Luther Capital Management Corp raised its position in Bowlero by 51.0% during the third quarter. King Luther Capital Management Corp now owns 356,105 shares of the company's stock valued at $4,181,000 after purchasing an additional 120,215 shares during the period. Quest Partners LLC grew its holdings in Bowlero by 3,311,100.0% during the 3rd quarter. Quest Partners LLC now owns 33,112 shares of the company's stock valued at $389,000 after purchasing an additional 33,111 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of Bowlero by 13.1% in the third quarter. Victory Capital Management Inc. now owns 33,099 shares of the company's stock worth $389,000 after buying an additional 3,835 shares during the period. Squarepoint Ops LLC increased its stake in Bowlero by 201.2% in the second quarter. Squarepoint Ops LLC now owns 82,803 shares of the company's stock worth $1,200,000 after purchasing an additional 164,603 shares during the period. Finally, Marshall Wace LLP boosted its position in Bowlero by 101.5% in the 2nd quarter. Marshall Wace LLP now owns 363,784 shares of the company's stock valued at $5,271,000 after buying an additional 183,252 shares during the period. Hedge funds and other institutional investors own 68.11% of the company's stock.

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.