Stocks of Bowlero Corp. (NYSE:BOWL) traded higher last session on Wall Street, down -1.51% to $10.47.
According to the data, Bowlero Corp. (NYSE:BOWL) has 10 analysts covering its stock. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $25.00 and a low of $16.00, we find $18.00. Given the previous closing price of $10.63, this indicates a potential upside of 69.33 percent. BOWL stock price is now -7.09% away from the 50-day moving average and -21.00% away from the 200-day moving average. The market capitalization of the company currently stands at $1.88B.
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A total of 0 analysts have issued a hold rating and 10 have given it a buy rating. Brokers who have rated the stock have averaged $19.35 as their price target over the next twelve months.
With the price target of $18, B. Riley Securities recently initiated with Buy rating for Bowlero Corp. (NYSE: BOWL).
In other news, Lavan Robert M., Chief Financial Officer bought 10,000 shares of the company’s stock on Sep 12. The stock was bought for $99,500 at an average price of $9.95. Upon completion of the transaction, the Chief Financial Officer now directly owns 27,162 shares in the company, valued at $0.28 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 01, Director Young John Alan bought 1,100 shares of the business’s stock. A total of $12,375 was incurred on buying the stock at an average price of $11.25. This leaves the insider owning 39,868 shares of the company worth $0.42 million. Insiders disposed of 7,766,811 shares of company stock worth roughly $81.32 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 CAPITAL WORLD INVESTORS during the first quarter worth $18,307,000. KINGDON CAPITAL MANAGEMENT, L.L.C. invested $5,235,000 in shares of BOWL during the first quarter. In the first quarter, WHITTIER TRUST CO acquired a new stake in Bowlero Corp. valued at approximately $3,593,000. PEREGRINE CAPITAL MANAGEMENT LLC acquired a new stake in BOWL for approximately $3,541,000. TAYLOR FRIGON CAPITAL MANAGEMENT LLC purchased a new stake in BOWL valued at around $2,184,000 in the second quarter. In total, there are 223 active investors with 98.30% ownership of the company’s stock.
Tuesday’s opening bell rang with an opening price of $10.42 for Bowlero Corp. (NYSE: BOWL). During the past 12 months, Bowlero Corp. has had a low of $10.03 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 $11.25 and a two-hundred day moving average price translates $13.24 for the stock.
The latest earnings results from Bowlero Corp. (NYSE: BOWL) was released for Jul, 2023. According to the Leisure Company, earnings per share came in at $0.15, beating analysts’ expectations of $0.01 by 0.14. This compares to $0.05 EPS in the same period last year. The net profit margin was -6.50% and return on equity was 844.50% for BOWL. The company reported revenue of $239.42 million for the quarter, compared to $267.72 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -10.57 percent. For the current quarter, analysts expect BOWL to generate $242.23M in revenue.
