Bowlero Corp. (NYSE:BOWL), the operator of bowling entertainment centers under the AMF, Bowlmor Lanes, and Bowlero brands, has received a “Buy” rating from all nine analysts covering the stock, according to Bloomberg’s reports. This unanimous consensus reflects the positive sentiment surrounding the company’s prospects in the market.
Over the past year, various investment analysts have closely followed Bowlero Corp.’s performance and provided their insights into its potential. With all of them rating the stock as a “Buy,” it further reinforces investors’ confidence in the company’s future growth.
The average 12-month price target from these analysts stands at $19.00. This forecast suggests a substantial potential upside, considering that shares of BOWL opened at $10.71 on Monday. Although it is essential to note that past performance is not indicative of future results, this optimistic target provides valuable information to investors who are considering adding BOWL to their portfolio.
Reviewing its historical stock performance, Bowlero has experienced varying lows and highs over the past year. Its 1-year low stands at $9.71, while the 1-year high reached $17.45. These fluctuations highlight the volatility within the industry and can serve as reference points for investors assessing their risk tolerance.
Bowlero boasts a market capitalization of $1.86 billion, which positions it as a significant player in its sector. The company also carries a price-earnings ratio (PE ratio) of 35.70 and a beta value of 0.23, indicating relatively moderate volatility compared to the broader market.
Examining additional financial ratios provides further insight into Bowlero’s financial health and stability. The firm maintains a debt-to-equity ratio of 11.54, suggesting higher reliance on borrowed funds for its operations or expansion plans. Meanwhile, both its current ratio (1.37) and quick ratio (1.29) indicate a healthy liquidity position, allowing the company to meet its short-term obligations.
Bowlero Corp. is not merely limited to operating bowling entertainment centers. The company also takes an active role in hosting and overseeing professional and non-professional bowling tournaments, along with related broadcasting activities. This diversified approach allows Bowlero to leverage its industry expertise beyond its physical locations, potentially increasing its market reach and revenue streams.
With approximately 317 centers located across the United States, Mexico, and Canada as of July 3, 2022, Bowlero has established a substantial presence in North America. This widespread footprint provides the company with ample opportunities for continued growth and market penetration.
In conclusion, Bowlero Corp.’s position in the market appears promising according to nine investment analysts who have unanimously rated the stock as a “Buy.” With an average price target of $19.00 over the next 12 months, investors may perceive BOWL as an attractive investment opportunity. As always, interested parties should conduct thorough research and consult with their financial advisor before making any investment decisions.
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Bowlero Corp. Receives Attention from Brokerages and Attracts Interest from Insiders and Institutional Investors
Bowlero Corp., renowned operator of bowling entertainment centers under the popular AMF, Bowlmor Lanes, and Bowlero brand names, has been the focus of several brokerages recently. These brokerages have provided their insights and assessments of the company’s performance, including price targets and ratings.
Roth Mkm reaffirmed its “buy” rating on Bowlero shares and set a price target of $17.00 in a research report released on September 13th. JPMorgan Chase & Co., on the other hand, lowered its price target from $22.00 to $16.00 but maintained an “overweight” rating for the company in their research report published on the same day. Canaccord Genuity Group also decreased their price objective, from $22.00 to $20.00 and still upheld a “buy” rating for Bowlero in their research note on September 12th. Additionally, B. Riley reissued a “buy” rating with a $18.00 price objective while Oppenheimer decreased their price target from $19.00 to $16.00 but maintained an “outperform” rating in their respective reports.
Bowlero Corp., besides operating various bowling centers across the United States, Mexico, and Canada, further provides services such as hosting professional and non-professional bowling tournaments as well as related broadcasting activities. As of July 3, 2022, Bowlero operated around 317 centers across these regions.
In recent news surrounding company insiders’ transactions, CFO Robert M. Lavan purchased 10,000 shares of Bowlero stock on September 12th at an average price of $9.95 per share, amounting to a total transaction value of $99,500. Following this purchase, Lavan now owns directly 27,162 shares valued at approximately $270,261.90.
Furthermore, Director John Alan Young acquired 4,900 shares of the company’s stock on September 14th at an average price of $10.26 per share, totaling $50,274.00. Subsequently, Young directly possesses 44,768 shares worth $459,319.68.
These transactions were disclosed in filings with the Securities & Exchange Commission and can be accessed through the provided hyperlinks. Notably, insiders hold a significant portion of Bowlero’s stock, with approximately 53.65% ownership.
In terms of institutional investors and hedge funds’ involvement, there have been recent changes in their stakes regarding Bowlero Corp. FMR LLC elevated its holdings by 159%, now owning a total of 9,668,584 shares worth $163,882,000 after acquiring an additional 5,935,535 shares during the first quarter. Ameriprise Financial Inc., similarly increased its holdings by 305.6%, bringing their total to 3,8662 million shares valued at $65,546 million.
Hood River Capital Management LLC is another notable investor that entered the scene during the first quarter with a stake valued at approximately $46,324 million. Vanguard Group Inc., known for its significant investment portfolio across various industries as well as valuable insights into market trends and performance indicators acquired a new stake in Bowlero during the same period worth roughly $26,555 million.
Lastly, Boston Partners experienced a marked increase in their holdings by 141.6% during the second quarter. This brought their total number of shares to over 3 million with a value of $38,895 million.
As Bowlero Corp continues to garner attention from brokerages and attract interest from both insiders and institutional investors alike due to its wide-reaching bowling entertainment centers and related services across North America; it remains one to watch within the industry.
