SG Americas Securities LLC Acquires New Holdings in Bowlero Corp. (NYSE:BOWL)

SG Americas Securities LLC bought a new stake in shares of Bowlero Corp. (NYSE:BOWLGet Rating) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 14,548 shares of the company’s stock, valued at approximately $154,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Telemark Asset Management LLC raised its stake in shares of Bowlero by 12.9% during the 1st quarter. Telemark Asset Management LLC now owns 2,900,000 shares of the company’s stock worth $30,885,000 after acquiring an additional 330,524 shares in the last quarter. Alta Fundamental Advisers LLC grew its holdings in Bowlero by 11.5% in the first quarter. Alta Fundamental Advisers LLC now owns 2,834,289 shares of the company’s stock worth $30,185,000 after purchasing an additional 293,174 shares during the last quarter. Vanguard Group Inc. acquired a new position in shares of Bowlero during the first quarter worth $26,555,000. BlackRock Inc. purchased a new stake in shares of Bowlero during the 1st quarter valued at $5,168,000. Finally, Schwartz Investment Counsel Inc. boosted its position in shares of Bowlero by 12.1% in the 1st quarter. Schwartz Investment Counsel Inc. now owns 464,574 shares of the company’s stock worth $4,948,000 after purchasing an additional 50,000 shares in the last quarter. 66.31% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BOWL has been the topic of several recent analyst reports. Oppenheimer started coverage on Bowlero in a research report on Monday, October 3rd. They set an “outperform” rating and a $16.00 target price on the stock. MKM Partners lifted their target price on shares of Bowlero from $14.00 to $17.00 in a research note on Friday, September 16th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Bowlero from $17.00 to $18.00 and gave the stock an “overweight” rating in a research report on Friday, September 16th.

Bowlero Trading Down 1.9 %

Bowlero stock opened at $14.71 on Monday. The business’s 50-day simple moving average is $13.41 and its two-hundred day simple moving average is $11.81. Bowlero Corp. has a fifty-two week low of $6.96 and a fifty-two week high of $15.28.

Bowlero Company Profile

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Bowlero Corp. operates bowling entertainment centers under the AMF and Bowlero brand names. The company also provides hosting and overseeing professional and non-professional bowling tournaments and related broadcasting. As of July 3, 2022, it operated approximately 317 centers in the United States, Mexico, and Canada.

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Institutional Ownership by Quarter for Bowlero (NYSE:BOWL)

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