Bowlero Corp. (NYSE:BOWL – Get Free Report) shares dropped 3.7% on Thursday . The stock traded as low as $9.08 and last traded at $9.13. Approximately 135,024 shares changed hands during trading, a decline of 78% from the average daily volume of 607,238 shares. The stock had previously closed at $9.48.
Bowlero Stock Down 3.7%
The stock has a market cap of $1.34 billion, a price-to-earnings ratio of -14.97 and a beta of 0.70. The firm’s 50 day moving average is $9.09 and its two-hundred day moving average is $9.87.
Institutional Investors Weigh In On Bowlero
A hedge fund recently bought a new stake in Bowlero stock. Raymond James Financial Inc. acquired a new position in shares of Bowlero Corp. (NYSE:BOWL – Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 15,700 shares of the company’s stock, valued at approximately $184,000. Institutional investors own 68.11% of the company’s stock.
About Bowlero
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.
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