Bowlero Corp. (NYSE:BOWL) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Bowlero Corp. (NYSE:BOWL) have earned a consensus rating of “Moderate Buy” from the eight ratings firms that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $16.57.

Separately, B. Riley reaffirmed a “buy” rating and set a $17.00 price objective on shares of Bowlero in a research report on Tuesday, September 3rd.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Russell Investments Group Ltd. bought a new stake in shares of Bowlero in the first quarter valued at approximately $1,636,000. Boston Partners boosted its holdings in Bowlero by 6.0% in the 1st quarter. Boston Partners now owns 3,646,113 shares of the company’s stock valued at $49,004,000 after purchasing an additional 205,902 shares during the period. Champlain Investment Partners LLC grew 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 purchasing an additional 275,525 shares during the last quarter. Lisanti Capital Growth LLC bought a new position in shares of Bowlero during the 2nd quarter worth about $2,648,000. Finally, Diversified Trust Co raised its position in shares of Bowlero by 39.4% during the first quarter. Diversified Trust Co now owns 23,700 shares of the company’s stock valued at $325,000 after buying an additional 6,700 shares during the last quarter. 68.11% of the stock is currently owned by institutional investors and hedge funds.

Bowlero Price Performance

Shares of BOWL stock opened at $11.49 on Wednesday. The firm has a market cap of $1.71 billion, a P/E ratio of 21.68 and a beta of 0.59. Bowlero has a fifty-two week low of $8.85 and a fifty-two week high of $15.47. The stock’s 50-day moving average is $11.83 and its two-hundred day moving average is $12.51.

Bowlero Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 23rd were issued a $0.055 dividend. The ex-dividend date was Friday, August 23rd. This represents a $0.22 annualized dividend and a yield of 1.91%. Bowlero’s dividend payout ratio (DPR) is currently 41.51%.

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.