Shares of Bowlero Corp. (NYSE:BOWL – Get Rating) gapped up before the market opened on Monday . The stock had previously closed at $12.92, but opened at $13.45. Bowlero shares last traded at $12.86, with a volume of 4,318 shares.
Analyst Upgrades and Downgrades
Several research analysts have recently weighed in on BOWL shares. MKM Partners increased their price objective on shares of Bowlero from $14.00 to $17.00 in a report on Friday, September 16th. JPMorgan Chase & Co. increased their price objective on shares of Bowlero from $17.00 to $18.00 and gave the stock an “overweight” rating in a report on Friday, September 16th. Finally, Oppenheimer started coverage on shares of Bowlero in a report on Monday, October 3rd. They set an “outperform” rating and a $16.00 price objective on the stock.
Bowlero Trading Up 1.8 %
The stock’s 50-day moving average is $13.63 and its 200-day moving average is $11.94. The stock has a market cap of $2.20 billion, a price-to-earnings ratio of -23.26 and a beta of 0.29.
Institutional Trading of Bowlero
Large investors have recently bought and sold shares of the company. Point72 Hong Kong Ltd acquired a new stake in Bowlero in the third quarter valued at approximately $37,000. Tower Research Capital LLC TRC grew its position in Bowlero by 42.6% in the third quarter. Tower Research Capital LLC TRC now owns 3,049 shares of the company’s stock valued at $38,000 after acquiring an additional 911 shares in the last quarter. Paragon Wealth Strategies LLC acquired a new stake in Bowlero in the third quarter valued at approximately $41,000. Neo Ivy Capital Management acquired a new stake in Bowlero in the third quarter valued at approximately $44,000. Finally, Quantbot Technologies LP acquired a new stake in Bowlero in the second quarter valued at approximately $72,000. Institutional investors and hedge funds own 66.31% of the company’s stock.
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. As of July 3, 2022, it operated approximately 317 centers in the United States, Mexico, and Canada.
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