Bowlero Corp. to Issue Quarterly Dividend of $0.06 (NYSE:BOWL)

Bowlero Corp. (NYSE:BOWLGet Free Report) announced a quarterly dividend on Monday, November 4th,NASDAQ Dividends reports. Investors of record on Friday, November 22nd will be paid a dividend of 0.055 per share on Friday, December 6th. This represents a $0.22 annualized dividend and a yield of 1.90%. The ex-dividend date is Friday, November 22nd.

Bowlero has a payout ratio of 50.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Bowlero to earn $0.37 per share next year, which means the company should continue to be able to cover its $0.22 annual dividend with an expected future payout ratio of 59.5%.

Bowlero Price Performance

NYSE BOWL opened at $11.59 on Thursday. Bowlero has a fifty-two week low of $9.70 and a fifty-two week high of $15.47. The stock’s fifty day moving average is $11.60 and its two-hundred day moving average is $12.16.

Bowlero (NYSE:BOWLGet Free Report) last announced its quarterly earnings results on Monday, November 4th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.30. Bowlero had a negative net margin of 6.63% and a negative return on equity of 31.58%. The business had revenue of $260.20 million during the quarter, compared to the consensus estimate of $249.42 million. During the same quarter last year, the firm earned ($0.10) EPS. On average, research analysts anticipate that Bowlero will post 0.45 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Piper Sandler assumed coverage on shares of Bowlero in a research note on Monday, October 28th. They set a “neutral” rating and a $12.00 target price for the company. Canaccord Genuity Group restated a “buy” rating and set a $18.00 price target on shares of Bowlero in a report on Monday, September 30th. 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. Royal Bank of Canada upgraded Bowlero to a “moderate buy” rating in a report on Thursday, October 3rd. Finally, JPMorgan Chase & Co. lowered their price target on Bowlero from $16.00 to $15.00 and set an “overweight” rating for the company in a report on Tuesday, November 5th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $15.88.

Read Our Latest Stock Analysis on Bowlero

Bowlero Company Profile

(Get Free Report)

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.

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