Bowlero (NYSE:BOWL) Price Target Raised to $18.00 at Craig Hallum

Bowlero (NYSE:BOWL - Get Free Report) had its target price lifted by equities researchers at Craig Hallum from $17.00 to $18.00 in a research note issued on Tuesday, Benzinga reports. The firm presently has a "buy" rating on the stock. Craig Hallum's target price would indicate a potential upside of 59.43% from the stock's previous close.

Several other brokerages have also recently commented on BOWL. Canaccord Genuity Group reduced their target price on shares of Bowlero from $20.00 to $18.00 and set a "buy" rating for the company in a report on Tuesday. Stifel Nicolaus decreased their price objective on Bowlero from $19.00 to $17.00 and set a "buy" rating for the company in a report on Tuesday. B. Riley dropped their target price on Bowlero from $19.00 to $17.00 and set a "buy" rating on the stock in a report on Tuesday. Roth Mkm decreased their price target on Bowlero from $17.00 to $15.00 and set a "buy" rating for the company in a research note on Tuesday. Finally, Oppenheimer lowered their price target on Bowlero from $18.00 to $15.00 and set an "outperform" rating on the stock in a research report on Tuesday. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $16.57.

Bowlero Stock Up 0.8 %

Shares of Bowlero stock traded up $0.09 during trading on Tuesday, reaching $11.29. The stock had a trading volume of 2,262,241 shares, compared to its average volume of 1,086,653. The company has a current ratio of 1.22, a quick ratio of 1.14 and a debt-to-equity ratio of 46.80. The company has a market capitalization of $1.69 billion, a price-to-earnings ratio of 62.56 and a beta of 0.57. Bowlero has a 52 week low of $8.85 and a 52 week high of $15.47. The stock has a fifty day moving average price of $12.72 and a two-hundred day moving average price of $12.15.

Bowlero (NYSE:BOWL - Get Free Report) last released its earnings results on Monday, February 5th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.13). The firm had revenue of $305.67 million during the quarter, compared to the consensus estimate of $300.46 million. Bowlero had a net margin of 6.33% and a return on equity of 98.75%. Sell-side analysts predict that Bowlero will post 0.15 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Michelle D. Wilson sold 87,267 shares of Bowlero stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $12.88, for a total transaction of $1,123,998.96. Following the completion of the sale, the director now owns 1,040,204 shares of the company's stock, valued at approximately $13,397,827.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 56.54% of the stock is currently owned by insiders.

Institutional Trading of Bowlero

Hedge funds and other institutional investors have recently bought and sold shares of the business. Private Management Group Inc. acquired a new position in shares of Bowlero in the 3rd quarter valued at approximately $12,217,000. Cadian Capital Management LP bought a new position in Bowlero in the 3rd quarter valued at approximately $4,810,000. Kent Lake Capital LLC grew its stake in shares of Bowlero by 500.0% during the third quarter. Kent Lake Capital LLC now owns 600,000 shares of the company's stock worth $5,772,000 after buying an additional 500,000 shares during the last quarter. Kennedy Capital Management LLC increased its holdings in shares of Bowlero by 283.8% during the third quarter. Kennedy Capital Management LLC now owns 482,083 shares of the company's stock worth $4,638,000 after buying an additional 356,485 shares in the last quarter. Finally, Primecap Management Co. CA acquired a new position in shares of Bowlero in the third quarter valued at approximately $3,145,000. Institutional investors and hedge funds own 68.11% of the company's stock.

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.