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Bowlero (NYSE:BOWL) Shares Down 0.1% - Here's What Happened

Bowlero logo with Consumer Discretionary background

Bowlero Corp. (NYSE:BOWL - Get Free Report)'s share price fell 0.1% on Friday . The stock traded as low as $10.07 and last traded at $10.20. 378,556 shares traded hands during mid-day trading, a decline of 35% from the average session volume of 580,426 shares. The stock had previously closed at $10.21.

Bowlero Stock Performance

The firm has a market capitalization of $1.50 billion, a PE ratio of -16.69 and a beta of 0.70. The company's 50-day moving average price is $9.30 and its 200-day moving average price is $9.76.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Bowlero stock. Deutsche Bank AG purchased a new position in shares of Bowlero Corp. (NYSE:BOWL - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 4,053 shares of the company's stock, valued at approximately $47,000. Hedge funds and other institutional investors own 68.11% of the company's stock.

About Bowlero

(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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