Bowlero Corp. to Post FY2025 Earnings of $0.15 Per Share, Noble Financial Forecasts (NYSE:BOWL)

Bowlero Corp. (NYSE:BOWL - Free Report) - Investment analysts at Noble Financial dropped their FY2025 earnings per share (EPS) estimates for shares of Bowlero in a research report issued to clients and investors on Thursday, September 12th. Noble Financial analyst M. Kupinski now expects that the company will post earnings per share of $0.15 for the year, down from their previous estimate of $0.39. The consensus estimate for Bowlero's current full-year earnings is $0.33 per share.

Separately, B. Riley reiterated a "buy" rating and issued a $17.00 target price on shares of Bowlero in a research report on Tuesday, September 3rd. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, Bowlero currently has an average rating of "Moderate Buy" and a consensus price target of $16.57.

Bowlero Stock Up 1.9 %

Shares of NYSE BOWL traded up $0.22 during midday trading on Monday, reaching $12.13. 624,842 shares of the company were exchanged, compared to its average volume of 864,032. The stock's 50-day moving average price is $12.01 and its 200-day moving average price is $12.54. The stock has a market cap of $1.81 billion, a P/E ratio of 22.88 and a beta of 0.59. Bowlero has a one year low of $8.85 and a one year high of $15.47.

Institutional Investors Weigh In On Bowlero

Several large investors have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. grew its holdings in Bowlero by 47.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 7,800 shares of the company's stock worth $110,000 after purchasing an additional 2,500 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of Bowlero by 7.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 14,953 shares of the company's stock valued at $205,000 after buying an additional 978 shares during the period. Diversified Trust Co increased its position in Bowlero by 39.4% in the 1st quarter. Diversified Trust Co now owns 23,700 shares of the company's stock valued at $325,000 after buying an additional 6,700 shares in the last quarter. Summit Securities Group LLC acquired a new position in Bowlero during the 2nd quarter worth approximately $392,000. Finally, XTX Topco Ltd bought a new position in Bowlero in the second quarter worth approximately $411,000. Institutional investors and hedge funds own 68.11% of the company's stock.

Bowlero Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 23rd were given a dividend of $0.055 per share. The ex-dividend date of this dividend was Friday, August 23rd. This represents a $0.22 dividend on an annualized basis and a yield of 1.81%. Bowlero's dividend payout ratio (DPR) is currently 41.51%.

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.