Bowlero (NYSE:BOWL) Price Target Cut to $17.00

Bowlero (NYSE:BOWL) had its target price lowered by Stifel Nicolaus from $19.00 to $17.00 in a research report issued on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price target indicates a potential upside of 50.58% from the stock’s current price.

A number of other brokerages also recently issued reports 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. Roth Mkm boosted their target price on Bowlero from $14.00 to $17.00 and gave the stock a “buy” rating in a research note on Tuesday, February 6th. Finally, 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. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $16.57.

Bowlero Trading Up 0.2 %

Shares of BOWL stock opened at $11.29 on Tuesday. The stock has a market capitalization of $1.69 billion, a P/E ratio of 62.72 and a beta of 0.57. Bowlero has a fifty-two week low of $8.85 and a fifty-two week high of $15.47. The company has a debt-to-equity ratio of 46.80, a quick ratio of 1.14 and a current ratio of 1.22. The company has a 50 day moving average price of $12.69 and a 200 day moving average price of $12.15.

Bowlero (NYSE:BOWL) last posted 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). Bowlero had a net margin of 6.33% and a return on equity of 98.75%. The company had revenue of $305.67 million during the quarter, compared to analyst estimates of $300.46 million. Equities research analysts predict that Bowlero will post 0.15 EPS for the current fiscal year.

Insider Buying and Selling at Bowlero

In other news, Director Michelle D. Wilson sold 87,267 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $12.88, for a total transaction of $1,123,998.96. Following the transaction, the director now directly owns 1,040,204 shares in the company, valued at approximately $13,397,827.52. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 56.54% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Bowlero

Institutional investors have recently bought and sold shares of the business. Parkside Financial Bank & Trust lifted its holdings in Bowlero by 35.7% in the 4th 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 in the last quarter. PNC Financial Services Group Inc. acquired a new stake in shares of Bowlero during the third quarter valued at about $51,000. Tower Research Capital LLC TRC increased its position in shares of Bowlero by 2,940.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 6,568 shares of the company’s stock worth $93,000 after acquiring an additional 6,352 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Bowlero by 23.5% in the third 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. Finally, Arizona State Retirement System boosted 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 valued at $123,000 after purchasing an additional 2,046 shares during the last quarter. 68.11% of the stock is currently owned by hedge funds and other 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.