Bowlero (NYSE:BOWL) PT Lowered to $16.00 at JPMorgan Chase & Co.

Bowlero (NYSE:BOWL) had its target price trimmed by JPMorgan Chase & Co. from $17.00 to $16.00 in a report issued on Friday, Benzinga reports. The brokerage currently has an overweight rating on the stock.

A number of other analysts have also recently issued reports on BOWL. Stifel Nicolaus decreased their target price on Bowlero from $21.00 to $19.00 and set a buy rating for the company in a report on Tuesday, April 23rd. Roth Mkm boosted their price objective on shares of Bowlero from $14.00 to $17.00 and gave the stock a buy rating in a research note on Tuesday, February 6th. Finally, Oppenheimer raised their target price on shares of Bowlero from $16.00 to $18.00 and gave the company an outperform rating in a research note on Wednesday, February 14th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Bowlero currently has a consensus rating of Buy and an average price target of $18.00.

Bowlero Stock Up 2.7 %

Shares of BOWL opened at $12.49 on Friday. Bowlero has a fifty-two week low of $8.85 and a fifty-two week high of $15.47. The company’s fifty day moving average is $12.74 and its two-hundred day moving average is $12.15. The firm has a market cap of $1.87 billion, a PE ratio of 69.39 and a beta of 0.57. The company has a quick ratio of 1.14, a current ratio of 1.22 and a debt-to-equity ratio of 46.80.

Bowlero (NYSE:BOWL) last issued its earnings results on Monday, February 5th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.13). The firm had revenue of $305.67 million during the quarter, compared to analyst estimates of $300.46 million. Bowlero had a net margin of 6.33% and a return on equity of 98.75%. Analysts forecast that Bowlero will post 0.15 earnings per share for the current year.

Insider Transactions at Bowlero

In other Bowlero news, Director Michelle D. Wilson sold 87,267 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $12.88, for a total value of $1,123,998.96. Following the transaction, the director now owns 1,040,204 shares in the company, valued at approximately $13,397,827.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 56.54% of the company’s stock.

Institutional Trading of Bowlero

Institutional investors and hedge funds have recently modified their holdings of the business. Parkside Financial Bank & Trust grew its holdings in shares of Bowlero by 35.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 4,892 shares of the company’s stock valued at $69,000 after purchasing an additional 1,286 shares during the last quarter. PNC Financial Services Group Inc. acquired a new stake in shares of Bowlero in the 3rd quarter worth about $51,000. Tower Research Capital LLC TRC lifted its position in Bowlero by 2,940.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 6,568 shares of the company’s stock valued at $93,000 after purchasing an additional 6,352 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Bowlero by 23.5% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,692 shares of the company’s stock valued at $93,000 after purchasing an additional 1,842 shares during the period. Finally, Arizona State Retirement System grew its position in Bowlero by 19.0% in the 3rd quarter. Arizona State Retirement System now owns 12,833 shares of the company’s stock worth $123,000 after purchasing an additional 2,046 shares during the last quarter. 68.11% of the stock is owned by institutional investors and hedge funds.

About Bowlero

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.