CJS Securities Reiterates Market Perform Rating for Bowlero (NYSE:BOWL)

Bowlero (NYSE:BOWL)‘s stock had its “market perform” rating reiterated by CJS Securities in a report issued on Tuesday, Benzinga reports.

Other analysts have also issued research reports about the company. JPMorgan Chase & Co. cut their target price on Bowlero from $17.00 to $16.00 and set an “overweight” rating for the company in a research note on Friday, May 3rd. Stifel Nicolaus reduced their target price on shares of Bowlero from $19.00 to $17.00 and set a “buy” rating on the stock in a report on Tuesday. Oppenheimer cut their price target on shares of Bowlero from $18.00 to $15.00 and set an “outperform” rating for the company in a research report on Tuesday. Finally, Roth Mkm lifted their price objective on Bowlero from $14.00 to $17.00 and gave the stock a “buy” rating in a report on Tuesday, February 6th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $16.57.

Bowlero Stock Up 0.2 %

Shares of NYSE:BOWL opened at $11.29 on Tuesday. The firm has a market capitalization of $1.69 billion, a PE ratio of 62.72 and a beta of 0.57. The company has a debt-to-equity ratio of 46.80, a quick ratio of 1.14 and a current ratio of 1.22. Bowlero has a 52-week low of $8.85 and a 52-week high of $15.47. The firm has a fifty day moving average of $12.69 and a 200 day moving average of $12.15.

Bowlero (NYSE:BOWL) last posted its quarterly earnings data on Monday, February 5th. The company reported ($0.01) earnings per share (EPS) 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 analysts’ expectations of $300.46 million. Bowlero had a return on equity of 98.75% and a net margin of 6.33%. As a group, research analysts anticipate that Bowlero will post 0.15 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Michelle D. Wilson sold 87,267 shares of Bowlero 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 sale, the director now owns 1,040,204 shares in the company, valued at $13,397,827.52. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 56.54% of the company’s stock.

Institutional Investors Weigh In On Bowlero

A number of large investors have recently modified their holdings of the stock. Parkside Financial Bank & Trust lifted 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 buying an additional 1,286 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position 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 worth $93,000 after acquiring an additional 1,842 shares in the last quarter. Bleakley Financial Group LLC boosted its position in shares of Bowlero by 7.6% during the fourth quarter. Bleakley Financial Group LLC now owns 26,890 shares of the company’s stock valued at $381,000 after purchasing an additional 1,890 shares in the last quarter. Simplicity Solutions LLC grew its stake in Bowlero by 7.6% in the fourth quarter. Simplicity Solutions LLC now owns 26,890 shares of the company’s stock worth $381,000 after purchasing an additional 1,890 shares during the period. Finally, Arizona State Retirement System raised its holdings in Bowlero by 19.0% in the third 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 in the last quarter. Institutional investors own 68.11% of the company’s stock.

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.