Stocks of Bowlero Corp. (NYSE:BOWL) traded higher last session on Wall Street, up 2.63% to $12.11.
BOWL stock price is now -18.19% away from the 50-day moving average and -12.49% away from the 200-day moving average. The market capitalization of the company currently stands at $2.05B.
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In other news, Lavan Robert M., Chief Financial Officer bought 8,595 shares of the company’s stock on May 19. The stock was bought for $98,585 at an average price of $11.47. Upon completion of the transaction, the Chief Financial Officer now directly owns 8,595 shares in the company, valued at $0.1 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 16, Director A-B Parent LLC sold 4,908,234 shares of the business’s stock. A total of $73,700,078 was realized by selling the stock at an average price of $15.02. This leaves the insider owning 63,484,324 shares of the company worth $768.8 million. Insiders disposed of 7,766,811 shares of company stock worth roughly $94.06 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 HOOD RIVER CAPITAL MANAGEMENT LLC during the first quarter worth $33,096,000. JEFFERIES FINANCIAL GROUP INC. invested $8,598,000 in shares of BOWL during the first quarter. In the first quarter, LISANTI CAPITAL GROWTH, LLC acquired a new stake in Bowlero Corp. valued at approximately $5,635,000. GREAT LAKES ADVISORS, LLC acquired a new stake in BOWL for approximately $5,465,000. DIVISADERO STREET CAPITAL MANAGEMENT, LP purchased a new stake in BOWL valued at around $5,450,000 in the second quarter. In total, there are 174 active investors with 98.30% ownership of the company’s stock.
Tuesday’s opening bell rang with an opening price of $11.95 for Bowlero Corp. (NYSE: BOWL). During the past 12 months, Bowlero Corp. has had a low of $8.71 and a high of $17.45. As of last week, the company has a debt-to-equity ratio of 14.67, a current ratio of 1.40, and a quick ratio of 1.30. The fifty day moving average price for BOWL is $14.73 and a two-hundred day moving average price translates $13.84 for the stock.
The latest earnings results from Bowlero Corp. (NYSE: BOWL) was released for Apr, 2023. According to the Leisure Company, earnings per share came in at -$0.22, missing analysts’ expectations of $0.26 by -0.48. This compares to -$0.11 EPS in the same period last year. The net profit margin was -6.80% and return on equity was 844.50% for BOWL. The company reported revenue of $315.73 million for the quarter, compared to $257.82 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 22.46 percent. For the current quarter, analysts expect BOWL to generate $245.08M 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.
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