Bowlero (BOWL) to Release Quarterly Earnings on Monday

Bowlero (NYSE:BOWL) is scheduled to issue its quarterly earnings data before the market opens on Monday, May 6th. Analysts expect the company to announce earnings of $0.26 per share for the quarter. Bowlero has set its FY 2024 guidance at EPS and its Q3 2024 guidance at EPS.Parties that are interested in participating in the company’s conference call can do so using this link.

Bowlero (NYSE:BOWL) last released its quarterly earnings results 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 company had revenue of $305.67 million during the quarter, compared to the consensus estimate of $300.46 million. Bowlero had a return on equity of 98.75% and a net margin of 6.33%. On average, analysts expect Bowlero to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Bowlero Stock Performance

Bowlero stock 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 stock has a market cap of $1.87 billion, a price-to-earnings ratio of 69.39 and a beta of 0.57. The stock’s 50 day simple moving average is $12.74 and its two-hundred day simple moving average is $12.12. 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 Dividend Announcement

The company also recently declared a Variable dividend, which was paid on Friday, March 8th. Investors of record on Friday, February 23rd were paid a $0.055 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. Bowlero’s payout ratio is 122.22%.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Oppenheimer boosted their target price on shares of Bowlero from $16.00 to $18.00 and gave the company an “outperform” rating in a report on Wednesday, February 14th. Roth Mkm raised their price objective on Bowlero from $14.00 to $17.00 and gave the company a “buy” rating in a research report on Tuesday, February 6th. JPMorgan Chase & Co. dropped their target price on Bowlero from $17.00 to $16.00 and set an “overweight” rating on the stock in a report on Friday. Finally, Stifel Nicolaus reduced their price target on Bowlero from $21.00 to $19.00 and set a “buy” rating for the company in a report on Tuesday, April 23rd. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $18.00.

Insiders Place Their Bets

In other Bowlero 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 transaction, the director now owns 1,040,204 shares of the company’s stock, valued at approximately $13,397,827.52. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 56.54% 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.