Bowlero Corp. to Post FY2024 Earnings of ($0.08) Per Share, B. Riley Forecasts (NYSE:BOWL)

Bowlero Corp. (NYSE:BOWL) – Equities research analysts at B. Riley cut their FY2024 earnings per share (EPS) estimates for shares of Bowlero in a report released on Monday, May 6th. B. Riley analyst E. Wold now expects that the company will post earnings of ($0.08) per share for the year, down from their previous forecast of $0.08. B. Riley currently has a “Buy” rating and a $17.00 target price on the stock. The consensus estimate for Bowlero’s current full-year earnings is $0.15 per share. B. Riley also issued estimates for Bowlero’s Q4 2024 earnings at ($0.10) EPS, Q1 2025 earnings at ($0.20) EPS, Q3 2025 earnings at $0.18 EPS, Q4 2025 earnings at ($0.03) EPS, FY2025 earnings at $0.01 EPS, Q1 2026 earnings at ($0.18) EPS, Q2 2026 earnings at $0.09 EPS, Q3 2026 earnings at $0.22 EPS and FY2026 earnings at $0.13 EPS.

Bowlero (NYSE:BOWL) last issued its quarterly earnings data on Monday, February 5th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.13). Bowlero had a net margin of 6.33% and a return on equity of 98.75%. The business had revenue of $305.67 million during the quarter, compared to analyst estimates of $300.46 million.

Other research analysts also recently issued research reports about the stock. Oppenheimer cut their target price on shares of Bowlero from $18.00 to $15.00 and set an “outperform” rating for the company in a research note on Tuesday. JPMorgan Chase & Co. reduced their price objective on shares of Bowlero from $17.00 to $16.00 and set an “overweight” rating on the stock in a research note on Friday, May 3rd. Stifel Nicolaus lowered their target price on shares of Bowlero from $19.00 to $17.00 and set a “buy” rating for the company in a research note on Tuesday. Canaccord Genuity Group reduced their price target on Bowlero from $20.00 to $18.00 and set a “buy” rating on the stock in a research note on Tuesday. Finally, Roth Mkm lowered their price objective on Bowlero from $17.00 to $15.00 and set a “buy” rating for the company in a research report on Tuesday. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Bowlero currently has a consensus rating of “Moderate Buy” and a consensus target price of $16.57.

Bowlero Trading Up 0.2 %

Shares of BOWL opened at $11.29 on Thursday. Bowlero has a 1-year low of $8.85 and a 1-year high of $15.47. The company has a debt-to-equity ratio of 46.80, a current ratio of 1.22 and a quick ratio of 1.14. The firm has a 50 day simple moving average of $12.67 and a 200-day simple moving average of $12.15. The stock has a market cap of $1.69 billion, a price-to-earnings ratio of 62.72 and a beta of 0.57.

Bowlero Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 24th will be issued a $0.055 dividend. The ex-dividend date is Thursday, May 23rd. This represents a $0.22 annualized dividend and a yield of 1.95%. Bowlero’s dividend payout ratio is currently 122.22%.

Insider Activity at Bowlero

In other Bowlero news, Director Michelle D. Wilson sold 87,267 shares of the stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $12.88, for a total value of $1,123,998.96. Following the completion of the sale, the director now owns 1,040,204 shares of the company’s stock, valued at $13,397,827.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 56.54% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Private Management Group Inc. acquired a new position in Bowlero in the third quarter valued at approximately $12,217,000. Cadian Capital Management LP acquired a new position in shares of Bowlero in the 3rd quarter worth $4,810,000. Kent Lake Capital LLC increased its position in shares of Bowlero by 500.0% in the third quarter. Kent Lake Capital LLC now owns 600,000 shares of the company’s stock worth $5,772,000 after acquiring an additional 500,000 shares in the last quarter. Kennedy Capital Management LLC raised its stake in Bowlero by 283.8% during the 3rd quarter. Kennedy Capital Management LLC now owns 482,083 shares of the company’s stock valued at $4,638,000 after purchasing an additional 356,485 shares during the period. Finally, Primecap Management Co. CA purchased a new position in shares of Bowlero during the third quarter valued at $3,145,000. 68.11% of the stock is currently owned by institutional investors.

Bowlero 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. It operates bowling centers in the United States, Mexico, and Canada.