Spire Wealth Management Sells 38,765 Shares of Bowlero Corp. (NYSE:BOWL)

Spire Wealth Management decreased its position in Bowlero Corp. (NYSE:BOWLFree Report) by 90.1% in the third quarter, HoldingsChannel.com reports. The fund owned 4,270 shares of the company’s stock after selling 38,765 shares during the period. Spire Wealth Management’s holdings in Bowlero were worth $41,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Analysts Set New Price Targets

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

Check Out Our Latest Analysis on Bowlero

Bowlero Stock Performance

NYSE BOWL opened at $14.86 on Tuesday. The stock has a market capitalization of $2.22 billion, a price-to-earnings ratio of 82.56 and a beta of 0.41. Bowlero Corp. has a twelve month low of $8.85 and a twelve month high of $17.45. The company has a current ratio of 1.22, a quick ratio of 1.14 and a debt-to-equity ratio of 46.80. The stock has a 50-day moving average of $12.47 and a 200 day moving average of $11.34.

Bowlero Dividend Announcement

The firm also recently declared a Variable dividend, which will be paid on Friday, March 8th. Investors of record on Friday, February 23rd will be issued 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.

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Institutional Ownership by Quarter for Bowlero (NYSE:BOWL)

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