Bowlero (NYSE:BOWL) PT Lowered to $19.00

Bowlero (NYSE:BOWL) had its target price cut by Stifel Nicolaus from $21.00 to $19.00 in a report released on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective indicates a potential upside of 65.79% from the stock’s previous close.

Several other equities research analysts also recently weighed in on BOWL. Oppenheimer upped their price target on Bowlero from $16.00 to $18.00 and gave the stock an “outperform” rating in a report on Wednesday, February 14th. Roth Mkm increased their price objective on Bowlero from $14.00 to $17.00 and gave the company a “buy” rating in a report on Tuesday, February 6th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $18.00.

Bowlero Price Performance

Shares of NYSE BOWL opened at $11.46 on Tuesday. The stock’s 50-day moving average is $12.87 and its two-hundred day moving average is $12.09. The company has a debt-to-equity ratio of 46.80, a current ratio of 1.22 and a quick ratio of 1.14. Bowlero has a 1-year low of $8.85 and a 1-year high of $15.47. The company has a market cap of $1.72 billion, a price-to-earnings ratio of 63.67 and a beta of 0.50.

Bowlero (NYSE:BOWL) last issued its quarterly earnings results on Monday, February 5th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.13). Bowlero had a return on equity of 98.75% and a net margin of 6.33%. The company had revenue of $305.67 million for the quarter, compared to analysts’ expectations of $300.46 million. Analysts forecast that Bowlero will post 0.17 EPS for the current fiscal year.

Insider Activity

In related news, Director Michelle D. Wilson sold 87,267 shares of the company’s stock in a transaction dated Tuesday, February 20th. The stock was 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 directly owns 1,040,204 shares of the company’s stock, valued at approximately $13,397,827.52. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 56.54% of the company’s stock.

Institutional Trading of Bowlero

Large investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. acquired a new stake in shares of Bowlero in the 3rd quarter valued at about $51,000. Parkside Financial Bank & Trust boosted its position in shares of Bowlero by 35.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 4,892 shares of the company’s stock valued at $69,000 after purchasing an additional 1,286 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Bowlero by 23.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,692 shares of the company’s stock valued at $93,000 after purchasing an additional 1,842 shares during the period. Tower Research Capital LLC TRC boosted its position in shares of Bowlero by 2,940.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 6,568 shares of the company’s stock valued at $93,000 after purchasing an additional 6,352 shares during the period. Finally, Bfsg LLC acquired a new stake in shares of Bowlero in the 3rd quarter valued at about $114,000. 68.11% of the stock is owned by institutional investors and hedge funds.

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.