Bowlero Corp. (NYSE:BOWL – Get Rating) CEO Thomas F. Shannon sold 70,973 shares of the stock in a transaction on Friday, January 13th. The stock was sold at an average price of $14.14, for a total value of $1,003,558.22. Following the sale, the chief executive officer now directly owns 1,621,918 shares of the company’s stock, valued at $22,933,920.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Bowlero Price Performance
Shares of NYSE:BOWL opened at $13.75 on Friday. The firm has a market capitalization of $2.28 billion, a price-to-earnings ratio of -24.12 and a beta of 0.25. The business’s 50 day simple moving average is $13.39 and its 200-day simple moving average is $12.83. Bowlero Corp. has a 12 month low of $6.96 and a 12 month high of $15.28.
Bowlero (NYSE:BOWL – Get Rating) last posted its earnings results on Wednesday, November 16th. The company reported $0.03 earnings per share for the quarter, meeting the consensus estimate of $0.03. The company had revenue of $230.26 million for the quarter, compared to analyst estimates of $222.35 million. Bowlero had a negative return on equity of 157.07% and a negative net margin of 8.22%. On average, equities analysts anticipate that Bowlero Corp. will post 0.73 earnings per share for the current year.
Institutional Inflows and Outflows
Wall Street Analyst Weigh In
Separately, Oppenheimer began coverage on shares of Bowlero in a research report on Monday, October 3rd. They set an “outperform” rating and a $16.00 target price on the stock.
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. As of July 3, 2022, it operated approximately 317 centers in the United States, Mexico, and Canada.
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