Bowlero (NYSE:BOWL) Price Target Cut to $19.00

Bowlero (NYSE:BOWL) had its target price decreased by Stifel Nicolaus from $21.00 to $19.00 in a research note issued to investors on Tuesday, Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

BOWL has been the topic of several other research reports. Roth Mkm lifted their price objective on shares of Bowlero from $14.00 to $17.00 and gave the stock a buy rating in a research note on Tuesday, February 6th. Oppenheimer lifted their price objective on shares of Bowlero from $16.00 to $18.00 and gave the stock an outperform rating in a research note on Wednesday, February 14th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of Buy and a consensus target price of $18.00.

Bowlero Stock Up 1.5 %

Bowlero stock opened at $11.71 on Tuesday. The company’s 50-day moving average price is $12.81 and its two-hundred day moving average price is $12.09. The stock has a market cap of $1.75 billion, a price-to-earnings ratio of 65.06 and a beta of 0.50. The company has a current ratio of 1.22, a quick ratio of 1.14 and a debt-to-equity ratio of 46.80. Bowlero has a 52 week low of $8.85 and a 52 week high of $15.47.

Bowlero (NYSE:BOWL) last announced its quarterly earnings data on Monday, February 5th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.13). The business had revenue of $305.67 million during the quarter, compared to analyst estimates of $300.46 million. Bowlero had a return on equity of 98.75% and a net margin of 6.33%. On average, analysts expect that Bowlero will post 0.15 EPS for the current fiscal year.

Bowlero Dividend Announcement

The company also recently announced a Variable dividend, which was paid on Friday, March 8th. Stockholders of record on Friday, February 23rd were given a $0.055 dividend. The ex-dividend date was Thursday, February 22nd. Bowlero’s dividend payout ratio (DPR) is currently 122.22%.

Insider Transactions at Bowlero

In other news, Director Michelle D. Wilson sold 87,267 shares of Bowlero 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 transaction, the director now directly owns 1,040,204 shares of the company’s stock, valued at $13,397,827.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 56.54% of the stock is currently owned by insiders.

Institutional Trading of Bowlero

Institutional investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. acquired a new stake in shares of Bowlero during the third quarter worth approximately $51,000. Parkside Financial Bank & Trust boosted its holdings in shares of Bowlero by 35.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 4,892 shares of the company’s stock worth $69,000 after purchasing an additional 1,286 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Bowlero by 23.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,692 shares of the company’s stock worth $93,000 after purchasing an additional 1,842 shares during the period. Tower Research Capital LLC TRC boosted its holdings in shares of Bowlero by 2,940.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 6,568 shares of the company’s stock worth $93,000 after purchasing an additional 6,352 shares during the period. Finally, Bfsg LLC acquired a new stake in shares of Bowlero during the third quarter worth approximately $114,000. 68.11% of the stock is currently 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.