Shares of Bowlero Corp. (NYSE:BOWL - Get Free Report) shot up 2.2% during trading on Monday . The company traded as high as $9.77 and last traded at $9.66. 144,689 shares changed hands during mid-day trading, a decline of 78% from the average session volume of 668,453 shares. The stock had previously closed at $9.45.
Bowlero Price Performance
The stock's 50-day moving average price is $9.37 and its 200 day moving average price is $10.50. The firm has a market capitalization of $1.22 billion, a PE ratio of -13.62 and a beta of 0.70.
Hedge Funds Weigh In On Bowlero
Hedge funds and other institutional investors have recently modified their holdings of the business. Deutsche Bank AG bought a new stake in shares of Bowlero in the 4th quarter valued at about $47,000. Barclays PLC lifted its holdings in shares of Bowlero by 22.6% during the third quarter. Barclays PLC now owns 7,807 shares of the company's stock worth $91,000 after purchasing an additional 1,439 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in shares of Bowlero in the 4th quarter valued at $184,000. 68.11% of the stock is currently owned by institutional investors.
Bowlero Company Profile
(
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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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