Bowlero (NYSE:BOWL) Given New $17.00 Price Target at B. Riley

Bowlero (NYSE:BOWL) had its price target decreased by B. Riley from $19.00 to $17.00 in a research report report published on Tuesday, Benzinga reports. B. Riley currently has a buy rating on the stock.

Several other analysts have also commented on the stock. CJS Securities restated a market perform rating on shares of Bowlero in a report on Tuesday. Oppenheimer dropped their price target on Bowlero from $18.00 to $15.00 and set an outperform rating on the stock in a research report on Tuesday. Canaccord Genuity Group decreased their price objective on Bowlero from $20.00 to $18.00 and set a buy rating for the company in a report on Tuesday. Stifel Nicolaus dropped their target price on shares of Bowlero from $19.00 to $17.00 and set a buy rating on the stock in a report on Tuesday. Finally, Roth Mkm decreased their price target on shares of Bowlero from $17.00 to $15.00 and set a buy rating for the company in a research note on Tuesday. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Bowlero presently has a consensus rating of Moderate Buy and an average target price of $16.57.

Bowlero Trading Up 0.8 %

NYSE BOWL opened at $11.29 on Tuesday. The company has a debt-to-equity ratio of 46.80, a quick ratio of 1.14 and a current ratio of 1.22. The stock has a market cap of $1.69 billion, a P/E ratio of 62.72 and a beta of 0.57. The stock has a 50 day simple moving average of $12.72 and a two-hundred day simple moving average of $12.15. Bowlero has a fifty-two week low of $8.85 and a fifty-two week high of $15.47.

Bowlero (NYSE:BOWL) last issued its quarterly earnings data on Monday, February 5th. The company reported ($0.01) earnings per share (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 company had revenue of $305.67 million for the quarter, compared to analysts’ expectations of $300.46 million. On average, analysts forecast that Bowlero will post 0.15 earnings per share for the current year.

Bowlero Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 24th will be given a dividend of $0.055 per share. The ex-dividend date is Thursday, May 23rd. This represents a $0.22 dividend on an annualized basis and a yield of 1.95%. Bowlero’s dividend payout ratio (DPR) is 122.22%.

Insiders Place Their Bets

In other news, Director Michelle D. Wilson sold 87,267 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $12.88, for a total transaction of $1,123,998.96. Following the transaction, the director now directly owns 1,040,204 shares of the company’s stock, valued at approximately $13,397,827.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 56.54% of the stock is currently owned by insiders.

Institutional Trading of Bowlero

Large investors have recently added to or reduced their stakes in the business. Parkside Financial Bank & Trust boosted its stake in shares of Bowlero by 35.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 4,892 shares of the company’s stock worth $69,000 after acquiring an additional 1,286 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Bowlero by 23.5% during the third 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. Bleakley Financial Group LLC increased its position in Bowlero by 7.6% in the fourth quarter. Bleakley Financial Group LLC now owns 26,890 shares of the company’s stock worth $381,000 after buying an additional 1,890 shares in the last quarter. Simplicity Solutions LLC raised its stake in shares of Bowlero by 7.6% in the fourth quarter. Simplicity Solutions LLC now owns 26,890 shares of the company’s stock worth $381,000 after buying an additional 1,890 shares during the period. Finally, Arizona State Retirement System lifted its position in shares of Bowlero by 19.0% during the 3rd quarter. Arizona State Retirement System now owns 12,833 shares of the company’s stock valued at $123,000 after buying an additional 2,046 shares in the last quarter. 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.