Stifel Nicolaus Trims Bowlero (NYSE:BOWL) Target Price to $19.00

Bowlero (NYSE:BOWL) had its price target lowered by Stifel Nicolaus from $21.00 to $19.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other brokerages also recently weighed in on BOWL. Oppenheimer upped their price objective 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 upped their price objective on Bowlero from $14.00 to $17.00 and gave the stock a buy rating in a research report on Tuesday, February 6th. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, Bowlero presently has a consensus rating of Buy and a consensus price target of $18.00.

Bowlero Stock Performance

BOWL opened at $11.30 on Tuesday. The firm has a market cap of $1.69 billion, a P/E ratio of 62.78 and a beta of 0.50. Bowlero has a 52-week low of $8.85 and a 52-week high of $15.47. The company has a debt-to-equity ratio of 46.80, a quick ratio of 1.14 and a current ratio of 1.22. The business’s fifty day moving average is $12.92 and its 200-day moving average is $12.10.

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

Bowlero Announces Dividend

The company also recently announced a Variable dividend, which was paid on Friday, March 8th. Shareholders of record on Friday, February 23rd were given a $0.055 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. Bowlero’s dividend payout ratio is presently 122.22%.

Insider Buying and Selling at Bowlero

In other Bowlero news, Director Michelle D. Wilson sold 87,267 shares of the stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $12.88, for a total value of $1,123,998.96. Following the completion of the transaction, the director now directly owns 1,040,204 shares in the company, valued at $13,397,827.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 56.54% of the company’s stock.

Hedge Funds Weigh In On Bowlero

Large investors have recently bought and sold shares of the company. Parkside Financial Bank & Trust raised its position in shares of Bowlero by 35.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 4,892 shares of the company’s stock worth $69,000 after acquiring an additional 1,286 shares during the last quarter. PNC Financial Services Group Inc. bought a new position in shares of Bowlero during the third quarter worth about $51,000. Tower Research Capital LLC TRC raised its position in shares of Bowlero by 2,940.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 6,568 shares of the company’s stock worth $93,000 after acquiring an additional 6,352 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Bowlero by 23.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,692 shares of the company’s stock worth $93,000 after acquiring an additional 1,842 shares during the last quarter. Finally, Bfsg LLC bought a new position in shares of Bowlero during the third quarter worth about $114,000. 68.11% of the stock is currently owned by institutional investors.

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.