Rice Hall James & Associates LLC Has $3.27 Million Stock Holdings in Bowlero Corp. (NYSE:BOWL)

Rice Hall James & Associates LLC trimmed its position in Bowlero Corp. (NYSE:BOWL) by 0.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 225,655 shares of the company’s stock after selling 2,136 shares during the quarter. Rice Hall James & Associates LLC’s holdings in Bowlero were worth $3,270,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of BOWL. Russell Investments Group Ltd. bought a new stake in Bowlero during the first quarter valued at about $1,636,000. Boston Partners grew its holdings in Bowlero by 7.4% in the 4th quarter. Boston Partners now owns 3,440,211 shares of the company’s stock valued at $47,632,000 after buying an additional 236,060 shares during the last quarter. Champlain Investment Partners LLC increased its position in Bowlero by 10.8% in the 1st quarter. Champlain Investment Partners LLC now owns 2,817,305 shares of the company’s stock worth $38,597,000 after buying an additional 275,525 shares during the period. Lisanti Capital Growth LLC acquired a new position in shares of Bowlero during the second quarter worth approximately $2,648,000. Finally, Diversified Trust Co boosted its position in shares of Bowlero by 39.4% in the first quarter. Diversified Trust Co now owns 23,700 shares of the company’s stock valued at $325,000 after acquiring an additional 6,700 shares during the period. 68.11% of the stock is owned by institutional investors.

Bowlero Trading Up 1.7 %

Shares of NYSE:BOWL opened at $10.80 on Thursday. The business’s 50 day moving average is $12.15 and its 200-day moving average is $12.56. The firm has a market capitalization of $1.61 billion, a PE ratio of 20.38 and a beta of 0.60. Bowlero Corp. has a 1-year low of $8.85 and a 1-year high of $15.47.

Bowlero Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 23rd were issued a $0.055 dividend. This represents a $0.22 annualized dividend and a yield of 2.04%. The ex-dividend date was Friday, August 23rd. Bowlero’s dividend payout ratio (DPR) is presently 41.51%.

Analyst Upgrades and Downgrades

Separately, B. Riley reaffirmed a “buy” rating and set a $17.00 target price on shares of Bowlero in a research report on Tuesday, September 3rd. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $16.57.

Insider Activity

In related news, Director Michelle D. Wilson sold 65,829 shares of the company’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $12.90, for a total value of $849,194.10. Following the sale, the director now owns 848,471 shares of the company’s stock, valued at $10,945,275.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 56.54% of the company’s stock.

Bowlero Company Profile

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.