Bowlero (NYSE:BOWL) Issues Earnings Results

Bowlero (NYSE:BOWL) announced its earnings results on Monday. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.30, Zacks reports. Bowlero had a negative return on equity of 5.36% and a negative net margin of 7.24%. The business had revenue of $260.20 million for the quarter, compared to analyst estimates of $249.42 million. During the same quarter last year, the firm earned ($0.10) EPS. Bowlero updated its FY 2025 guidance to EPS.

Bowlero Price Performance

BOWL traded up $1.39 during trading on Tuesday, hitting $11.77. The stock had a trading volume of 1,290,775 shares, compared to its average volume of 810,583. The firm has a market cap of $1.74 billion, a price-to-earnings ratio of -18.00 and a beta of 0.62. The company has a 50 day moving average price of $11.47 and a 200-day moving average price of $12.17. Bowlero has a one year low of $8.85 and a one year high of $15.47.

Wall Street Analyst Weigh In

A number of analysts have recently commented on BOWL shares. Royal Bank of Canada raised shares of Bowlero to a “moderate buy” rating in a research report on Thursday, October 3rd. JPMorgan Chase & Co. reduced their price objective on shares of Bowlero from $16.00 to $15.00 and set an “overweight” rating for the company in a research note on Tuesday. B. Riley restated a “buy” rating and issued a $17.00 price objective on shares of Bowlero in a report on Tuesday, September 3rd. Canaccord Genuity Group reiterated a “buy” rating and set a $18.00 target price on shares of Bowlero in a report on Monday, September 30th. Finally, Piper Sandler began coverage on Bowlero in a research note on Monday, October 28th. They issued a “neutral” rating and a $12.00 price target for the company. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $15.88.

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.