Bowlero (NYSE:BOWL) Rating Reiterated by Canaccord Genuity Group

Canaccord Genuity Group reissued their buy rating on shares of Bowlero (NYSE:BOWLFree Report) in a research note released on Monday, Benzinga reports. Canaccord Genuity Group currently has a $18.00 price target on the stock.

Separately, B. Riley restated a buy rating and issued a $17.00 price target on shares of Bowlero in a research report on Tuesday, September 3rd. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Bowlero has a consensus rating of Moderate Buy and an average price target of $16.57.

Read Our Latest Stock Analysis on Bowlero

Bowlero Stock Down 1.0 %

Shares of Bowlero stock opened at $11.38 on Monday. The business has a fifty day simple moving average of $11.51 and a 200-day simple moving average of $12.42. The firm has a market cap of $1.69 billion, a price-to-earnings ratio of 21.47 and a beta of 0.60. Bowlero has a fifty-two week low of $8.85 and a fifty-two week high of $15.47.

Bowlero (NYSE:BOWLGet Free Report) last posted its quarterly earnings data on Thursday, September 5th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.05). Bowlero had a negative net margin of 7.24% and a negative return on equity of 5.36%. The business had revenue of $283.87 million for the quarter, compared to the consensus estimate of $273.33 million. Analysts anticipate that Bowlero will post 0.29 earnings per share for the current fiscal year.

Bowlero Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 23rd were given a $0.055 dividend. This represents a $0.22 annualized dividend and a dividend yield of 1.93%. The ex-dividend date was Friday, August 23rd. Bowlero’s dividend payout ratio (DPR) is currently 41.51%.

Institutional Investors Weigh In On Bowlero

Hedge funds have recently made changes to their positions in the company. Price T Rowe Associates Inc. MD raised its stake in Bowlero by 7.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 14,953 shares of the company’s stock valued at $205,000 after purchasing an additional 978 shares during the period. PNC Financial Services Group Inc. grew its holdings in shares of Bowlero by 47.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 7,800 shares of the company’s stock valued at $110,000 after buying an additional 2,500 shares in the last quarter. Bessemer Group Inc. raised its position in Bowlero by 12.3% during the first quarter. Bessemer Group Inc. now owns 37,200 shares of the company’s stock valued at $509,000 after buying an additional 4,070 shares during the period. Schwartz Investment Counsel Inc. lifted its stake in Bowlero by 5.2% in the 2nd quarter. Schwartz Investment Counsel Inc. now owns 94,400 shares of the company’s stock worth $1,368,000 after acquiring an additional 4,700 shares in the last quarter. Finally, Diversified Trust Co boosted its position in Bowlero by 39.4% during the 1st quarter. Diversified Trust Co now owns 23,700 shares of the company’s stock worth $325,000 after acquiring an additional 6,700 shares during the period. Hedge funds and other institutional investors own 68.11% of the company’s stock.

About Bowlero

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Bowlero (NYSE:BOWL)

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