In yesterday’s Wall Street session, Bowlero Corp. (NYSE:BOWL) shares traded at $13.76, up 0.15% from the previous session.
5 analysts cover Bowlero Corp. (NYSE:BOWL), according to research data. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $19.00 and a low of $16.00, we find $17.00. Given the previous closing price of $13.74, this indicates a potential upside of 23.73 percent. BOWL stock price is now 1.71% away from the 50-day moving average and 14.45% away from the 200-day moving average. The market capitalization of the company currently stands at $2.21B.
The stock has received a hold rating from 0 analysts and a buy rating from 5. Brokers who have rated the stock have averaged $17.40 as their price target over the next twelve months.
With the price target of $16, Oppenheimer recently initiated with Outperform rating for Bowlero Corp. (NYSE: BOWL). On August 30, 2022, JP Morgan recently initiated its ‘Overweight’ rating on the stock quoting a target price of $17.
In other news, Young John Alan, Director bought 5,000 shares of the company’s stock on Jun 13. The stock was bought for $45,530 at an average price of $9.11. Upon completion of the transaction, the Director now directly owns 28,500 shares in the company, valued at $0.39 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 24, Director Young John Alan bought 1,000 shares of the business’s stock. A total of $9,250 was incurred on buying the stock at an average price of $9.25. This leaves the insider owning 2,500 shares of the company worth $34400.0. Insiders disposed of 1,982,066 shares of company stock worth roughly $27.27 million over the past 1 year. A total of 2.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in BOWL stock. A new stake in Bowlero Corp. shares was purchased by FMR LLC during the first quarter worth $6,309,000. MILLENNIUM MANAGEMENT LLC invested $6,253,000 in shares of BOWL during the first quarter. In the first quarter, TWO SIGMA INVESTMENTS, LP acquired a new stake in Bowlero Corp. valued at approximately $5,906,000. LORD, ABBETT & CO. LLC acquired a new stake in BOWL for approximately $5,547,000. EAM INVESTORS, LLC purchased a new stake in BOWL valued at around $2,692,000 in the second quarter. In total, there are 122 active investors with 98.30% ownership of the company’s stock.
On Monday morning Bowlero Corp. (NYSE: BOWL) stock kicked off with the opening price of $13.83. During the past 12 months, Bowlero Corp. has had a low of $6.96 and a high of $15.28. The fifty day moving average price for BOWL is $13.53 and a two-hundred day moving average price translates $12.02 for the stock.
The latest earnings results from Bowlero Corp. (NYSE: BOWL) was released for Jul, 2022. According to the Entertainment Company, earnings per share came in at $0.03, missing analysts’ expectations of $0.04 by -0.01. This compares to $0.10 EPS in the same period last year. The net profit margin was -9.30% and return on equity was 349.70% for BOWL. The company reported revenue of $230.26 million for the quarter, compared to $180.98 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 27.23 percent. For the current quarter, analysts expect BOWL to generate $222.56M in revenue.
Bowlero Corp.(BOWL) 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. As of July 3, 2022, it operated approximately 317 centers in the United States, Mexico, and Canada. The company was founded in 1997 and is headquartered in Mechanicsville, Virginia.