CJS Securities Reaffirms “Market Perform” Rating for Bowlero (NYSE:BOWL)

Bowlero (NYSE:BOWL)‘s stock had its “market perform” rating reissued by CJS Securities in a research report issued to clients and investors on Tuesday, Benzinga reports.

Several other analysts also recently weighed in on the company. Stifel Nicolaus decreased their price objective on Bowlero from $19.00 to $17.00 and set a “buy” rating for the company in a report on Tuesday. Roth Mkm boosted their price objective on shares of Bowlero from $14.00 to $17.00 and gave the stock a “buy” rating in a research note on Tuesday, February 6th. JPMorgan Chase & Co. dropped their target price on Bowlero from $17.00 to $16.00 and set an “overweight” rating on the stock in a research report on Friday, May 3rd. Finally, Oppenheimer decreased their price objective on Bowlero from $18.00 to $15.00 and set an “outperform” rating for the company in a research note on Tuesday. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Bowlero currently has an average rating of “Moderate Buy” and an average target price of $16.57.

Bowlero Stock Performance

Shares of NYSE:BOWL opened at $11.29 on Tuesday. The company has a current ratio of 1.22, a quick ratio of 1.14 and a debt-to-equity ratio of 46.80. The company has a market capitalization of $1.69 billion, a price-to-earnings ratio of 62.72 and a beta of 0.57. Bowlero has a 12 month low of $8.85 and a 12 month high of $15.47. The firm’s 50-day moving average is $12.69 and its 200 day moving average is $12.15.

Bowlero (NYSE:BOWL) last issued its quarterly earnings results 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). The business had revenue of $305.67 million during the quarter, compared to analysts’ expectations of $300.46 million. Bowlero had a return on equity of 98.75% and a net margin of 6.33%. Research analysts predict that Bowlero will post 0.15 EPS for the current year.

Insider Transactions at Bowlero

In related news, Director Michelle D. Wilson sold 87,267 shares of the stock in a transaction that occurred on Tuesday, February 20th. The shares were 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 of the company’s stock, valued at approximately $13,397,827.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 56.54% of the company’s stock.

Institutional Trading of Bowlero

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cadian Capital Management LP purchased a new position in shares of Bowlero in the third quarter worth about $4,810,000. Vanguard Group Inc. raised its position in Bowlero by 4.8% during the 3rd quarter. Vanguard Group Inc. now owns 4,229,231 shares of the company’s stock worth $40,685,000 after buying an additional 193,801 shares during the last quarter. Kennedy Capital Management LLC lifted its stake in Bowlero by 283.8% during the 3rd quarter. Kennedy Capital Management LLC now owns 482,083 shares of the company’s stock valued at $4,638,000 after acquiring an additional 356,485 shares during the period. Primecap Management Co. CA purchased a new stake in shares of Bowlero in the 3rd quarter valued at $3,145,000. Finally, Private Management Group Inc. acquired a new stake in shares of Bowlero in the third quarter worth $12,217,000. Institutional investors and hedge funds 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.