Bowlero Corp. (NYSE:BOWL) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Bowlero Corp. (NYSE:BOWL) have received a consensus rating of “Moderate Buy” from the eight brokerages that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $16.57.

Separately, B. Riley reaffirmed a “buy” rating and set a $17.00 target price on shares of Bowlero in a research note on Tuesday, September 3rd.

Bowlero Trading Down 2.8 %

Shares of BOWL opened at $11.22 on Wednesday. Bowlero has a 12-month low of $8.85 and a 12-month high of $15.47. The firm has a 50-day moving average price of $11.78 and a 200 day moving average price of $12.50. The firm has a market capitalization of $1.67 billion, a P/E ratio of 21.17 and a beta of 0.59.

Bowlero Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 23rd were given a dividend of $0.055 per share. The ex-dividend date of this dividend was Friday, August 23rd. This represents a $0.22 annualized dividend and a dividend yield of 1.96%. Bowlero’s dividend payout ratio is presently 41.51%.

Institutional Trading of Bowlero

Several hedge funds have recently made changes to their positions in the business. Squarepoint Ops LLC lifted its position in shares of Bowlero by 201.2% during the second quarter. Squarepoint Ops LLC now owns 82,803 shares of the company’s stock worth $1,200,000 after purchasing an additional 164,603 shares in the last quarter. Marshall Wace LLP lifted its position in shares of Bowlero by 101.5% during the second quarter. Marshall Wace LLP now owns 363,784 shares of the company’s stock worth $5,271,000 after purchasing an additional 183,252 shares in the last quarter. XTX Topco Ltd acquired a new stake in Bowlero in the second quarter valued at approximately $411,000. Private Management Group Inc. raised its holdings in Bowlero by 2.5% in the second quarter. Private Management Group Inc. now owns 1,290,388 shares of the company’s stock valued at $18,698,000 after acquiring an additional 32,076 shares in the last quarter. Finally, Victory Capital Management Inc. raised its holdings in Bowlero by 63.3% in the second quarter. Victory Capital Management Inc. now owns 29,264 shares of the company’s stock valued at $424,000 after acquiring an additional 11,341 shares in the last quarter. Institutional investors and hedge funds own 68.11% of the company’s stock.

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.