Game Creek Capital LP Sells 160,000 Shares of Bowlero Corp. (NYSE:BOWL)

Game Creek Capital LP lowered its position in shares of Bowlero Corp. (NYSE:BOWL) by 66.7% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 80,000 shares of the company’s stock after selling 160,000 shares during the quarter. Game Creek Capital LP’s holdings in Bowlero were worth $1,356,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. US Bancorp DE purchased a new stake in shares of Bowlero during the 1st quarter valued at $35,000. Tower Research Capital LLC TRC raised its position in Bowlero by 42.6% in the third quarter. Tower Research Capital LLC TRC now owns 3,049 shares of the company’s stock worth $38,000 after acquiring an additional 911 shares during the period. Advisor Group Holdings Inc. boosted its stake in Bowlero by 122.9% in the fourth quarter. Advisor Group Holdings Inc. now owns 5,350 shares of the company’s stock valued at $72,000 after acquiring an additional 2,950 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Bowlero by 76.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 5,752 shares of the company’s stock valued at $97,000 after acquiring an additional 2,483 shares during the period. Finally, Citigroup Inc. increased its stake in shares of Bowlero by 439.2% during the 1st quarter. Citigroup Inc. now owns 6,309 shares of the company’s stock worth $107,000 after purchasing an additional 5,139 shares during the last quarter.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on BOWL shares. Oppenheimer reduced their price objective on Bowlero from $19.00 to $16.00 and set an “outperform” rating for the company in a report on Thursday, August 24th. Stifel Nicolaus cut their target price on shares of Bowlero from $25.00 to $23.00 in a research report on Tuesday. B. Riley assumed coverage on shares of Bowlero in a research note on Friday, June 2nd. They set a “buy” rating and a $18.00 price target on the stock. Finally, TheStreet lowered shares of Bowlero from a “c-” rating to a “d+” rating in a research note on Thursday, May 18th. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $19.86.

Bowlero Stock Performance

NYSE:BOWL opened at $10.74 on Tuesday. The company has a market capitalization of $1.86 billion, a price-to-earnings ratio of -25.33 and a beta of 0.23. The business has a 50 day moving average of $11.27 and a 200 day moving average of $13.07. The company has a debt-to-equity ratio of 14.60, a current ratio of 1.37 and a quick ratio of 1.29. Bowlero Corp. has a 1-year low of $10.03 and a 1-year high of $17.45.

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. As of July 3, 2022, it operated approximately 317 centers in the United States, Mexico, and Canada.