Shares of Bowlero Corp. (NYSE:BOWL - Get Free Report) dropped 2.3% during trading on Tuesday . The company traded as low as $8.27 and last traded at $8.43. Approximately 153,650 shares changed hands during trading, a decline of 74% from the average daily volume of 599,957 shares. The stock had previously closed at $8.63.
Bowlero Price Performance
The company has a market capitalization of $1.34 billion, a price-to-earnings ratio of -14.92 and a beta of 0.70. The firm's 50-day simple moving average is $8.96 and its two-hundred day simple moving average is $10.17.
Hedge Funds Weigh In On Bowlero
A hedge fund recently bought a new stake in Bowlero stock. Raymond James Financial Inc. bought a new stake in Bowlero Corp. (NYSE:BOWL - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 15,700 shares of the company's stock, valued at approximately $184,000. Institutional investors and hedge funds own 68.11% of the company's stock.
About Bowlero
(
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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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