Bowlero (NYSE:BOWL) Issues Earnings Results

Bowlero (NYSE:BOWL) issued its earnings results on Monday. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.30, Zacks reports. Bowlero had a negative net margin of 7.24% and a negative return on equity of 5.36%. The business had revenue of $260.20 million for the quarter, compared to the consensus estimate of $249.42 million. During the same period in the prior year, the firm earned ($0.10) EPS. Bowlero updated its FY 2025 guidance to EPS.

Bowlero Trading Up 11.7 %

NYSE BOWL opened at $11.59 on Wednesday. The company has a fifty day simple moving average of $11.47 and a two-hundred day simple moving average of $12.17. The stock has a market cap of $1.71 billion, a P/E ratio of -17.83 and a beta of 0.62. Bowlero has a 12-month low of $8.85 and a 12-month high of $15.47.

Bowlero Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 22nd will be issued a $0.055 dividend. The ex-dividend date is Friday, November 22nd. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.90%. Bowlero’s dividend payout ratio is currently -33.85%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on BOWL. JPMorgan Chase & Co. dropped their price objective on shares of Bowlero from $16.00 to $15.00 and set an “overweight” rating on the stock in a research note on Tuesday. B. Riley reiterated a “buy” rating and set a $17.00 price objective on shares of Bowlero in a research note on Tuesday, September 3rd. Royal Bank of Canada upgraded shares of Bowlero to a “moderate buy” rating in a research note on Thursday, October 3rd. Canaccord Genuity Group reiterated a “buy” rating and set a $18.00 price objective on shares of Bowlero in a research note on Monday, September 30th. Finally, Piper Sandler began coverage on shares of Bowlero in a research note on Monday, October 28th. They set a “neutral” rating and a $12.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Bowlero has a consensus rating of “Moderate Buy” and a consensus target price of $15.88.

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.