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

Bowlero (NYSE:BOWL) had its target price cut by analysts at Stifel Nicolaus from $21.00 to $19.00 in a report released on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ price target would suggest a potential upside of 65.79% from the company’s previous close.

Other research analysts also recently issued reports about the company. Oppenheimer upped their price target on Bowlero from $16.00 to $18.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 14th. Roth Mkm increased their target price on Bowlero from $14.00 to $17.00 and gave the company a “buy” rating in a research report on Tuesday, February 6th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Bowlero has a consensus rating of “Buy” and an average price target of $18.00.

Bowlero Trading Up 1.3 %

BOWL stock opened at $11.46 on Tuesday. Bowlero has a 1-year low of $8.85 and a 1-year high of $15.47. The company has a debt-to-equity ratio of 46.80, a current ratio of 1.22 and a quick ratio of 1.14. The company has a market capitalization of $1.72 billion, a price-to-earnings ratio of 63.67 and a beta of 0.50. The business has a 50 day simple moving average of $12.87 and a two-hundred day simple moving average of $12.09.

Bowlero (NYSE:BOWL) last posted its quarterly 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). Bowlero had a return on equity of 98.75% and a net margin of 6.33%. The business had revenue of $305.67 million during the quarter, compared to the consensus estimate of $300.46 million. Research analysts anticipate that Bowlero will post 0.17 EPS for the current fiscal year.

Insider Activity

In related news, Director Michelle D. Wilson sold 87,267 shares of the firm’s stock in a transaction on 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 in the company, 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 Trading of Bowlero

A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in Bowlero by 4.8% in the third quarter. Vanguard Group Inc. now owns 4,229,231 shares of the company’s stock worth $40,685,000 after purchasing an additional 193,801 shares during the period. Boston Partners increased its stake in Bowlero by 7.4% in the fourth quarter. Boston Partners now owns 3,440,211 shares of the company’s stock worth $47,632,000 after purchasing an additional 236,060 shares during the period. Private Management Group Inc. purchased a new stake in Bowlero in the third quarter worth $12,217,000. Kent Lake Capital LLC increased its stake in Bowlero by 500.0% in the third quarter. Kent Lake Capital LLC now owns 600,000 shares of the company’s stock worth $5,772,000 after purchasing an additional 500,000 shares during the period. Finally, Cadian Capital Management LP purchased a new stake in Bowlero in the third quarter worth $4,810,000. 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.