Bowlero (NYSE:BOWL) Trading Down 2.8% - Should You Sell?

Key Points

• Bowlero Corp. stock fell 2.8% during trading, dropping from a close of $9.92 to last trading at $9.64, with trading volume declining by 68% from average levels.
• The company announced a quarterly dividend of $0.055 per share, reflecting an annual dividend yield of 2.3% despite a negative dividend payout ratio of -36.07%.
• Bowlero operates bowling entertainment centers in the U.S., Mexico, and Canada under various brand names, including AMF and Bowlmor Lanes.

Bowlero Corp. (NYSE:BOWL - ) dropped 2.8% during trading on Thursday . The stock traded as low as $9.59 and last traded at $9.64. Approximately 189,603 shares traded hands during mid-day trading, a decline of 68% from the average daily volume of 583,815 shares. The stock had previously closed at $9.92.

Bowlero Stock Down 2.8%

The company has a market cap of $1.42 billion, a PE ratio of -15.80 and a beta of 0.70. The business's 50 day moving average price is $10.08 and its 200-day moving average price is $9.58.

Bowlero Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Friday, August 29th were paid a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.3%. Bowlero's dividend payout ratio is currently -36.07%.

Bowlero Company Profile

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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