Bowlero Corp. (NYSE:BOWL) Given Consensus Recommendation of “Buy” by Analysts

Bowlero Corp. (NYSE:BOWL) has earned a consensus recommendation of “Buy” from the six ratings firms that are presently covering the company, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a buy recommendation. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $18.67.

Several brokerages have issued reports on BOWL. Oppenheimer raised their target price 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 lifted their target price on Bowlero from $14.00 to $17.00 and gave the company a “buy” rating in a research note on Tuesday, February 6th.

Bowlero Trading Down 0.8 %

Bowlero stock opened at $11.90 on Friday. 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 has a one year low of $8.85 and a one year high of $15.68. The stock has a market capitalization of $1.78 billion, a PE ratio of 66.11 and a beta of 0.50. The business’s fifty day moving average is $13.03 and its 200 day moving average is $12.08.

Bowlero (NYSE:BOWL) last released its quarterly earnings data on Monday, February 5th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.13). Bowlero had a net margin of 6.33% and a return on equity of 98.75%. The business had revenue of $305.67 million for the quarter, compared to analysts’ expectations of $300.46 million. On average, sell-side analysts predict that Bowlero will post 0.17 EPS for the current year.

Bowlero Dividend Announcement

The firm also recently announced a Variable dividend, which was paid on Friday, March 8th. Investors of record on Friday, February 23rd were paid a dividend of $0.055 per share. The ex-dividend date was Thursday, February 22nd. Bowlero’s dividend payout ratio (DPR) is presently 122.22%.

Insider Activity at Bowlero

In related news, Director Michelle D. Wilson sold 87,267 shares of Bowlero stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $12.88, for a total transaction of $1,123,998.96. Following the sale, 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 Securities & Exchange Commission, which can be accessed through the SEC website. 56.54% of the stock is owned by corporate insiders.

Institutional Trading of Bowlero

A number of large investors have recently added to or reduced their stakes in BOWL. Bank of New York Mellon Corp bought a new stake in Bowlero in the 1st quarter worth approximately $1,548,000. Citigroup Inc. bought a new stake in Bowlero in the 1st quarter worth approximately $100,000. BlackRock Inc. bought a new stake in Bowlero in the 1st quarter worth approximately $5,168,000. Dakota Wealth Management bought a new stake in Bowlero in the 1st quarter worth approximately $213,000. Finally, Vanguard Group Inc. purchased a new position in shares of Bowlero in the 1st quarter worth approximately $26,555,000. Institutional investors own 68.11% of the company’s stock.

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.