Bowlero (NYSE:BOWL) Shares Gap Up to $12.92

Shares of Bowlero Corp. (NYSE:BOWLGet 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.

Bowlero (NYSE:BOWLGet Rating) last posted its earnings results on Thursday, September 15th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.07. The firm had revenue of $267.72 million during the quarter, compared to the consensus estimate of $193.67 million. Bowlero had a negative net margin of 8.22% and a negative return on equity of 157.07%. On average, equities analysts predict that Bowlero Corp. will post 0.54 earnings per share for the current fiscal year.

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.

About Bowlero

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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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