Bowlero Corp. (NYSE:BOWL) CEO Thomas F. Shannon Sells 192,654 Shares

Bowlero Corp. (NYSE:BOWLGet Rating) CEO Thomas F. Shannon sold 192,654 shares of Bowlero stock in a transaction that occurred on Friday, January 20th. The shares were sold at an average price of $14.37, for a total transaction of $2,768,437.98. Following the sale, the chief executive officer now owns 1,225,774 shares of the company’s stock, valued at $17,614,372.38. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Bowlero Trading Up 0.6 %

BOWL stock opened at $14.28 on Wednesday. The firm has a 50 day moving average of $13.38 and a 200-day moving average of $12.92. Bowlero Corp. has a 12-month low of $6.96 and a 12-month high of $15.28. The company has a market cap of $2.37 billion, a price-to-earnings ratio of -25.05 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 for the quarter, hitting analysts’ consensus estimates of $0.03. Bowlero had a negative net margin of 8.22% and a negative return on equity of 157.07%. The business had revenue of $230.26 million during the quarter, compared to analysts’ expectations of $222.35 million. Sell-side analysts forecast that Bowlero Corp. will post 0.73 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Oppenheimer started coverage on shares of Bowlero in a research report on Monday, October 3rd. They set an “outperform” rating and a $16.00 price target for the company.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Soros Fund Management LLC increased its stake in shares of Bowlero by 2.2% during the 2nd quarter. Soros Fund Management LLC now owns 9,673,524 shares of the company’s stock worth $102,443,000 after purchasing an additional 206,858 shares in the last quarter. Apollo Management Holdings L.P. increased its stake in shares of Bowlero by 3.7% during the 2nd quarter. Apollo Management Holdings L.P. now owns 9,455,680 shares of the company’s stock worth $100,136,000 after purchasing an additional 337,482 shares in the last quarter. Vanguard Group Inc. grew its stake in Bowlero by 134.3% in the 3rd quarter. Vanguard Group Inc. now owns 3,602,828 shares of the company’s stock worth $44,352,000 after acquiring an additional 2,064,961 shares during the period. BlackRock Inc. grew its stake in Bowlero by 0.8% in the 3rd quarter. BlackRock Inc. now owns 2,508,405 shares of the company’s stock worth $30,878,000 after acquiring an additional 20,392 shares during the period. Finally, Marshall Wace LLP grew its stake in Bowlero by 73.2% in the 3rd quarter. Marshall Wace LLP now owns 1,044,264 shares of the company’s stock worth $12,853,000 after acquiring an additional 441,399 shares during the period. 64.88% of the stock is owned by hedge funds and other institutional investors.

About Bowlero

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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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Insider Buying and Selling by Quarter for Bowlero (NYSE:BOWL)

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