Bowlero Corp. (NYSE:BOWL) Shares Purchased by Arizona State Retirement System

Arizona State Retirement System raised its stake in Bowlero Corp. (NYSE:BOWLFree Report) by 19.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,833 shares of the company’s stock after purchasing an additional 2,046 shares during the quarter. Arizona State Retirement System’s holdings in Bowlero were worth $123,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. raised its position in Bowlero by 305.6% in the first quarter. Ameriprise Financial Inc. now owns 3,866,961 shares of the company’s stock valued at $65,546,000 after purchasing an additional 2,913,597 shares during the period. Vanguard Group Inc. raised its position in Bowlero by 134.3% in the third quarter. Vanguard Group Inc. now owns 3,602,828 shares of the company’s stock valued at $44,352,000 after purchasing an additional 2,064,961 shares during the period. Boston Partners raised its position in Bowlero by 141.6% in the second quarter. Boston Partners now owns 3,330,951 shares of the company’s stock valued at $38,895,000 after purchasing an additional 1,952,505 shares during the period. BlackRock Inc. raised its position in Bowlero by 0.8% in the third quarter. BlackRock Inc. now owns 2,508,405 shares of the company’s stock valued at $30,878,000 after purchasing an additional 20,392 shares during the period. Finally, Two Sigma Investments LP increased its position in shares of Bowlero by 314.2% during the first quarter. Two Sigma Investments LP now owns 1,827,165 shares of the company’s stock worth $30,970,000 after acquiring an additional 1,386,087 shares during the last quarter.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm lifted their target price on Bowlero from $14.00 to $17.00 and gave the stock a “buy” rating in a research report on Tuesday, February 6th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $19.00.

Check Out Our Latest Stock Analysis on Bowlero

Bowlero Stock Up 1.1 %

NYSE:BOWL opened at $14.99 on Friday. The company has a market capitalization of $2.27 billion, a price-to-earnings ratio of 83.28 and a beta of 0.41. Bowlero Corp. has a one year low of $8.85 and a one year high of $17.45. The stock has a 50-day simple moving average of $12.39 and a 200 day simple moving average of $11.31. The company has a debt-to-equity ratio of 46.80, a quick ratio of 0.34 and a current ratio of 1.22.

Bowlero Dividend Announcement

The company also recently declared a Variable dividend, which will be paid on Friday, March 8th. Investors of record on Friday, February 23rd will be paid a $0.055 dividend. The ex-dividend date is Thursday, February 22nd.

Bowlero Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Bowlero (NYSE:BOWL)

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