Thomas F. Shannon Sells 3,490 Shares of Bowlero Corp. (NYSE:BOWL) Stock

Bowlero Corp. (NYSE:BOWLGet Rating) CEO Thomas F. Shannon sold 3,490 shares of Bowlero stock in a transaction that occurred on Wednesday, January 18th. The shares were sold at an average price of $14.26, for a total value of $49,767.40. Following the completion of the transaction, the chief executive officer now owns 1,618,428 shares of the company’s stock, valued at $23,078,783.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Bowlero Stock Up 4.7 %

Shares of BOWL stock opened at $14.40 on Monday. The business has a 50 day moving average of $13.38 and a two-hundred day moving average of $12.88. Bowlero Corp. has a 52 week low of $6.96 and a 52 week high of $15.28. The company has a market cap of $2.39 billion, a P/E ratio of -25.26 and a beta of 0.25.

Bowlero (NYSE:BOWLGet Rating) last issued its quarterly earnings data on Wednesday, November 16th. The company reported $0.03 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.03. The business had revenue of $230.26 million during the quarter, compared to the consensus estimate of $222.35 million. Bowlero had a negative return on equity of 157.07% and a negative net margin of 8.22%. Analysts expect that Bowlero Corp. will post 0.73 EPS for the current fiscal year.

Hedge Funds Weigh In On Bowlero

Several hedge funds and other institutional investors have recently made changes to their positions in BOWL. Bank of New York Mellon Corp acquired a new position in shares of Bowlero during the first quarter worth approximately $1,548,000. Citigroup Inc. bought a new stake in Bowlero during the first quarter worth approximately $100,000. BlackRock Inc. bought a new stake in Bowlero during the first quarter worth approximately $5,168,000. Dakota Wealth Management bought a new stake in Bowlero during the first quarter worth approximately $213,000. Finally, Vanguard Group Inc. bought a new stake in Bowlero during the first quarter worth approximately $26,555,000. 64.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Oppenheimer initiated coverage on Bowlero in a research note on Monday, October 3rd. They issued an “outperform” rating and a $16.00 target price for the company.

Bowlero Company Profile

(Get Rating)

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.

Further Reading

Receive News & Ratings for Bowlero Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bowlero and related companies with MarketBeat.com's FREE daily email newsletter.