Stifel Nicolaus Lowers Bowlero (NYSE:BOWL) Price Target to $19.00

Bowlero (NYSE:BOWL) had its price target decreased by Stifel Nicolaus from $21.00 to $19.00 in a report published on Tuesday morning, Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

Several other research firms also recently commented on BOWL. Roth Mkm increased their price objective on Bowlero from $14.00 to $17.00 and gave the company a buy rating in a report on Tuesday, February 6th. Oppenheimer increased their price objective on Bowlero from $16.00 to $18.00 and gave the company an outperform rating in a report on Wednesday, February 14th. Six research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of Buy and an average target price of $18.00.

Bowlero Price Performance

Shares of BOWL opened at $11.71 on Tuesday. The stock has a market capitalization of $1.75 billion, a P/E ratio of 65.06 and a beta of 0.50. 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 has a twelve month low of $8.85 and a twelve month high of $15.47. The company has a 50 day moving average of $12.81 and a 200-day moving average of $12.09.

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

Bowlero Dividend Announcement

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

Insiders Place Their Bets

In other Bowlero news, Director Michelle D. Wilson sold 87,267 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $12.88, for a total transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 56.54% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust increased its position in shares of 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. Zurcher Kantonalbank Zurich Cantonalbank increased its position 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 purchasing an additional 1,842 shares during the period. Bleakley Financial Group LLC increased its position in shares of Bowlero by 7.6% in the fourth quarter. Bleakley Financial Group LLC now owns 26,890 shares of the company’s stock worth $381,000 after purchasing an additional 1,890 shares during the period. Simplicity Solutions LLC increased its position in shares of 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 increased its position in shares of 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 during the period. 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.