Bowlero (NYSE:BOWL) Shares Down 1.1% – What’s Next?

Bowlero Corp. (NYSE:BOWL) shares fell 1.1% during mid-day trading on Monday . The stock traded as low as $9.47 and last traded at $9.47. 118,006 shares traded hands during trading, a decline of 80% from the average session volume of 583,815 shares. The stock had previously closed at $9.58.

Bowlero Stock Performance

The firm has a market capitalization of $1.39 billion, a PE ratio of -15.52 and a beta of 0.70. The company has a fifty day moving average price of $9.66 and a 200-day moving average price of $9.74.

Institutional Trading of Bowlero

An institutional investor recently bought a new position in Bowlero stock. Deutsche Bank AG purchased a new stake in shares of Bowlero Corp. (NYSE:BOWL) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 4,053 shares of the company’s stock, valued at approximately $47,000. 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.