Bowlero Corp. (NYSE:BOWL) Given Consensus Rating of “Moderate Buy” by Brokerages

Bowlero Corp. (NYSE:BOWL) has been given a consensus rating of “Moderate Buy” by the ten analysts that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $15.89.

A number of research firms have weighed in on BOWL. JPMorgan Chase & Co. dropped their price objective on shares of Bowlero from $16.00 to $15.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 5th. Truist Financial started coverage on shares of Bowlero in a report on Tuesday, December 10th. They issued a “buy” rating and a $16.00 target price for the company. Finally, Piper Sandler started coverage on shares of Bowlero in a report on Monday, October 28th. They issued a “neutral” rating and a $12.00 target price for the company.

Institutional Trading of Bowlero

A number of large investors have recently added to or reduced their stakes in BOWL. Victory Capital Management Inc. increased its holdings in Bowlero by 13.1% during the third quarter. Victory Capital Management Inc. now owns 33,099 shares of the company’s stock worth $389,000 after buying an additional 3,835 shares during the last quarter. Quest Partners LLC increased its holdings in Bowlero by 3,311,100.0% during the third quarter. Quest Partners LLC now owns 33,112 shares of the company’s stock worth $389,000 after buying an additional 33,111 shares during the last quarter. King Luther Capital Management Corp increased its holdings in Bowlero by 51.0% during the third quarter. King Luther Capital Management Corp now owns 356,105 shares of the company’s stock worth $4,181,000 after buying an additional 120,215 shares during the last quarter. Centiva Capital LP purchased a new stake in Bowlero during the third quarter worth about $207,000. Finally, Janus Henderson Group PLC increased its holdings in Bowlero by 8.6% during the third quarter. Janus Henderson Group PLC now owns 60,022 shares of the company’s stock worth $705,000 after buying an additional 4,763 shares during the last quarter. Hedge funds and other institutional investors own 68.11% of the company’s stock.

Bowlero Trading Down 6.0 %

Bowlero stock opened at $11.54 on Friday. Bowlero has a 1-year low of $9.70 and a 1-year high of $15.47. The firm has a market capitalization of $1.70 billion, a price-to-earnings ratio of -18.92 and a beta of 0.70. The firm’s fifty day moving average price is $10.74 and its two-hundred day moving average price is $11.27.

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.