Bowlero (NYSE:BOWL) Earns Neutral Rating from Analysts at Piper Sandler

Research analysts at Piper Sandler started coverage on shares of Bowlero (NYSE:BOWL - Get Free Report) in a report issued on Monday, MarketBeat Ratings reports. The firm set a "neutral" rating and a $12.00 price target on the stock. Piper Sandler's price objective indicates a potential upside of 3.90% from the stock's current price.

A number of other equities analysts have also commented on BOWL. B. Riley reissued a "buy" rating and set a $17.00 price target on shares of Bowlero in a research note on Tuesday, September 3rd. Royal Bank of Canada upgraded Bowlero to a "moderate buy" rating in a research report on Thursday, October 3rd. Finally, Canaccord Genuity Group restated a "buy" rating and set a $18.00 price objective on shares of Bowlero in a research report on Monday, September 30th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $16.00.

Bowlero Price Performance

Shares of NYSE BOWL traded down $0.03 during mid-day trading on Monday, reaching $11.55. The company's stock had a trading volume of 513,816 shares, compared to its average volume of 807,001. The stock has a fifty day moving average of $11.56 and a two-hundred day moving average of $12.23. Bowlero has a 52 week low of $8.85 and a 52 week high of $15.47. The firm has a market capitalization of $1.72 billion, a PE ratio of 21.85 and a beta of 0.60.

Bowlero (NYSE:BOWL - Get Free Report) last announced its quarterly earnings results on Thursday, September 5th. The company reported ($0.06) EPS for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.05). Bowlero had a negative net margin of 7.24% and a negative return on equity of 5.36%. The firm had revenue of $283.87 million for the quarter, compared to the consensus estimate of $273.33 million. Analysts anticipate that Bowlero will post 0.29 EPS for the current fiscal year.

Institutional Investors Weigh In On Bowlero

Several hedge funds and other institutional investors have recently modified their holdings of BOWL. Champlain Investment Partners LLC raised its holdings in shares of Bowlero by 10.8% in the first quarter. Champlain Investment Partners LLC now owns 2,817,305 shares of the company's stock worth $38,597,000 after buying an additional 275,525 shares during the period. Boston Partners grew its stake in Bowlero by 6.0% in the first quarter. Boston Partners now owns 3,646,113 shares of the company's stock worth $49,004,000 after purchasing an additional 205,902 shares in the last quarter. Marshall Wace LLP grew its stake in Bowlero by 101.5% in the second quarter. Marshall Wace LLP now owns 363,784 shares of the company's stock worth $5,271,000 after purchasing an additional 183,252 shares in the last quarter. Lisanti Capital Growth LLC bought a new stake in Bowlero during the 2nd quarter valued at $2,648,000. Finally, Squarepoint Ops LLC boosted its position in Bowlero by 201.2% during the 2nd quarter. Squarepoint Ops LLC now owns 82,803 shares of the company's stock valued at $1,200,000 after acquiring an additional 164,603 shares in the last quarter. 68.11% of the stock is currently owned by hedge funds and other institutional investors.

Bowlero Company 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.