Bowlero (NYSE:BOWL) PT Lowered to $15.00

Bowlero (NYSE:BOWL) had its target price cut by equities research analysts at Roth Mkm from $17.00 to $15.00 in a report released on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Roth Mkm’s price target points to a potential upside of 32.86% from the company’s previous close.

A number of other equities analysts have also recently weighed in on BOWL. JPMorgan Chase & Co. decreased their price target on Bowlero from $17.00 to $16.00 and set an “overweight” rating for the company in a report on Friday, May 3rd. CJS Securities restated a “market perform” rating on shares of Bowlero in a research note on Tuesday. Oppenheimer dropped their price target on shares of Bowlero from $18.00 to $15.00 and set an “outperform” rating on the stock in a research note on Tuesday. Stifel Nicolaus decreased their price objective on shares of Bowlero from $19.00 to $17.00 and set a “buy” rating for the company in a research report on Tuesday. Finally, Canaccord Genuity Group dropped their target price on Bowlero from $20.00 to $18.00 and set a “buy” rating on the stock in a research report on Tuesday. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $16.57.

Bowlero Stock Up 0.2 %

Shares of Bowlero stock opened at $11.29 on Tuesday. Bowlero has a twelve month low of $8.85 and a twelve month high of $15.47. The stock has a market cap of $1.69 billion, a price-to-earnings ratio of 62.72 and a beta of 0.57. 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 company has a fifty day moving average price of $12.69 and a 200 day moving average price of $12.15.

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

Insider Transactions at Bowlero

In related news, Director Michelle D. Wilson sold 87,267 shares of the business’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $12.88, for a total value of $1,123,998.96. Following the completion of the sale, the director now directly owns 1,040,204 shares of the company’s stock, valued at $13,397,827.52. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 56.54% of the company’s stock.

Institutional Investors Weigh In On Bowlero

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

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.