Oppenheimer & Co. Inc. acquired a new stake in shares of Bowlero Corp. (NYSE:BOWL – Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 20,217 shares of the company’s stock, valued at approximately $343,000.
A number of other hedge funds have also made changes to their positions in the stock. L & S Advisors Inc increased its stake in shares of Bowlero by 6.3% during the first quarter. L & S Advisors Inc now owns 63,884 shares of the company’s stock valued at $1,083,000 after acquiring an additional 3,814 shares during the period. Great Lakes Advisors LLC acquired a new position in Bowlero in the first quarter worth approximately $7,649,000. Sawgrass Asset Management LLC acquired a new position in Bowlero in the first quarter worth approximately $189,000. Spire Wealth Management grew its position in Bowlero by 67.1% in the first quarter. Spire Wealth Management now owns 7,100 shares of the company’s stock worth $120,000 after buying an additional 2,850 shares during the last quarter. Finally, Boston Partners grew its position in Bowlero by 2,186.9% in the first quarter. Boston Partners now owns 1,378,446 shares of the company’s stock worth $22,941,000 after buying an additional 1,318,170 shares during the last quarter.
Analysts Set New Price Targets
Several research firms have issued reports on BOWL. Oppenheimer decreased their price target on shares of Bowlero from $19.00 to $16.00 and set an “outperform” rating on the stock in a research report on Thursday, August 24th. Stifel Nicolaus raised their price objective on shares of Bowlero to $25.00 in a research note on Monday, June 5th. TheStreet lowered shares of Bowlero from a “c-” rating to a “d+” rating in a research note on Thursday, May 18th. Finally, B. Riley began coverage on shares of Bowlero in a research note on Friday, June 2nd. They issued a “buy” rating and a $18.00 price objective for the company. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $20.14.
Bowlero Stock Up 1.5 %
Bowlero stock opened at $11.18 on Thursday. The company has a market capitalization of $1.94 billion, a P/E ratio of -26.62 and a beta of 0.20. The firm’s fifty day simple moving average is $11.38 and its 200-day simple moving average is $13.29. The company has a current ratio of 1.37, a quick ratio of 1.29 and a debt-to-equity ratio of 14.60. Bowlero Corp. has a 1-year low of $10.22 and a 1-year high of $17.45.
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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