Bowlero Corp. (NYSE:BOWL – Get Free Report) shares traded up 7.5% during trading on Wednesday . The stock traded as high as $13.88 and last traded at $13.87. 473,002 shares changed hands during trading, a decline of 63% from the average session volume of 1,272,074 shares. The stock had previously closed at $12.90.
Analyst Upgrades and Downgrades
Several analysts recently commented on the company. Oppenheimer boosted their price target on Bowlero from $16.00 to $18.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 14th. Roth Mkm boosted their price target on Bowlero from $14.00 to $17.00 and gave the stock a “buy” rating in a research report on Tuesday, February 6th. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $19.29.
Bowlero Price Performance
The stock has a 50 day simple moving average of $12.74 and a two-hundred day simple moving average of $11.56. The company has a market cap of $2.05 billion, a price-to-earnings ratio of 76.11 and a beta of 0.48. The company has a debt-to-equity ratio of 46.80, a current ratio of 1.22 and a quick ratio of 1.14.
Bowlero (NYSE:BOWL – Get Free Report) last released its quarterly earnings data on Monday, February 5th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.13). Bowlero had a return on equity of 98.75% and a net margin of 6.33%. The company had revenue of $305.67 million for the quarter, compared to analyst estimates of $300.46 million. On average, equities research analysts predict that Bowlero Corp. will post 0.17 earnings per share for the current fiscal year.
Bowlero Dividend Announcement
The firm also recently declared a Variable dividend, which was paid on Friday, March 8th. Stockholders of record on Friday, February 23rd were paid a $0.055 dividend. The ex-dividend date was Thursday, February 22nd. Bowlero’s dividend payout ratio (DPR) is presently 122.22%.
Insider Activity
In other news, Director Michelle D. Wilson sold 87,267 shares of the company’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $12.88, for a total value of $1,123,998.96. Following the transaction, the director now owns 1,040,204 shares of the company’s stock, valued at approximately $13,397,827.52. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 56.54% of the company’s stock.
Institutional Investors Weigh In On Bowlero
Institutional investors and hedge funds have recently modified their holdings of the company. Cadian Capital Management LP purchased a new stake in shares of Bowlero in the 3rd quarter valued at $4,810,000. Kennedy Capital Management LLC raised its holdings in shares of Bowlero by 283.8% in the 3rd quarter. Kennedy Capital Management LLC now owns 482,083 shares of the company’s stock valued at $4,638,000 after buying an additional 356,485 shares during the period. Primecap Management Co. CA purchased a new stake in shares of Bowlero in the 3rd quarter valued at $3,145,000. Private Management Group Inc. purchased a new stake in shares of Bowlero in the 3rd quarter valued at $12,217,000. Finally, Taylor Frigon Capital Management LLC raised its holdings in shares of Bowlero by 36.5% in the 3rd quarter. Taylor Frigon Capital Management LLC now owns 284,629 shares of the company’s stock valued at $2,738,000 after buying an additional 76,054 shares during the period.
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.