Bowlero Corp. (NYSE:BOWL) Receives $15.89 Consensus Price Target from Analysts

Shares of Bowlero Corp. (NYSE:BOWL) have earned an average rating of “Moderate Buy” from the ten research firms that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $15.89.

Several equities research analysts have issued reports on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Bowlero from $16.00 to $15.00 and set an “overweight” rating for the company in a research note on Tuesday, November 5th. Piper Sandler initiated coverage on shares of Bowlero in a research report on Monday, October 28th. They set a “neutral” rating and a $12.00 price target for the company. Finally, Truist Financial began coverage on Bowlero in a research report on Tuesday, December 10th. They issued a “buy” rating and a $16.00 price objective on the stock.

Bowlero Stock Performance

Shares of NYSE:BOWL opened at $10.70 on Friday. The stock has a 50-day simple moving average of $10.71 and a 200-day simple moving average of $11.26. The stock has a market capitalization of $1.57 billion, a P/E ratio of -17.54 and a beta of 0.70. Bowlero has a 1 year low of $9.70 and a 1 year high of $15.47.

Hedge Funds Weigh In On Bowlero

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Barclays PLC lifted its stake in shares of Bowlero by 22.6% in the third quarter. Barclays PLC now owns 7,807 shares of the company’s stock worth $91,000 after acquiring an additional 1,439 shares in the last quarter. Stifel Financial Corp raised its position in shares of Bowlero by 3.7% in the 3rd quarter. Stifel Financial Corp now owns 74,969 shares of the company’s stock valued at $880,000 after purchasing an additional 2,664 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of Bowlero by 13.1% in the 3rd quarter. Victory Capital Management Inc. now owns 33,099 shares of the company’s stock valued at $389,000 after purchasing an additional 3,835 shares in the last quarter. Deutsche Bank AG purchased a new position in shares of Bowlero during the 4th quarter valued at approximately $47,000. Finally, Janus Henderson Group PLC grew its position in shares of Bowlero by 8.6% during the third quarter. Janus Henderson Group PLC now owns 60,022 shares of the company’s stock worth $705,000 after buying an additional 4,763 shares in the last quarter. 68.11% of the stock is owned by hedge funds and other institutional investors.

About Bowlero

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.