Bowlero (NYSE:BOWL) Shares Down 0.2% – What’s Next?

Bowlero Corp. (NYSE:BOWL) dropped 0.2% during mid-day trading on Wednesday . The stock traded as low as $9.93 and last traded at $9.93. Approximately 195,607 shares traded hands during trading, a decline of 66% from the average daily volume of 583,815 shares. The stock had previously closed at $9.95.

Bowlero Stock Performance

The firm has a market cap of $1.46 billion, a P/E ratio of -16.28 and a beta of 0.70. The company’s 50 day moving average is $10.11 and its 200 day moving average is $9.56.

Bowlero Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 29th were paid a $0.055 dividend. This represents a $0.22 annualized dividend and a yield of 2.2%. Bowlero’s payout ratio is -36.07%.

Hedge Funds Weigh In On Bowlero

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