Canaccord Genuity Group reissued their buy rating on shares of Bowlero (NYSE:BOWL – Free 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 %
Bowlero (NYSE:BOWL – Get 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
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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