FY2025 EPS Estimates for Bowlero Corp. Decreased by Noble Financial (NYSE:BOWL)

Bowlero Corp. (NYSE:BOWL) – Noble Financial lowered their FY2025 EPS estimates for shares of Bowlero in a research note issued on Thursday, September 12th. Noble Financial analyst M. Kupinski now forecasts that the company will post earnings of $0.15 per share for the year, down from their prior estimate of $0.39. The consensus estimate for Bowlero’s current full-year earnings is $0.33 per share.

Separately, B. Riley reiterated a “buy” rating and set a $17.00 target price on shares of Bowlero in a research note on Tuesday, September 3rd. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $16.57.

Bowlero Trading Up 1.9 %

Shares of BOWL opened at $12.13 on Monday. The firm has a market cap of $1.81 billion, a PE ratio of 22.88 and a beta of 0.59. The firm has a fifty day simple moving average of $12.01 and a two-hundred day simple moving average of $12.54. Bowlero has a 1-year low of $8.85 and a 1-year high of $15.47.

Bowlero Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 23rd were paid a $0.055 dividend. The ex-dividend date was Friday, August 23rd. This represents a $0.22 annualized dividend and a dividend yield of 1.81%. Bowlero’s dividend payout ratio (DPR) is 41.51%.

Institutional Investors Weigh In On Bowlero

A number of institutional investors and hedge funds have recently bought and sold shares of BOWL. Boulder Hill Capital Management LP bought a new stake in Bowlero during the fourth quarter valued at about $607,000. Bullseye Asset Management LLC grew its position in shares of Bowlero by 39.2% during the fourth quarter. Bullseye Asset Management LLC now owns 159,940 shares of the company’s stock valued at $2,265,000 after purchasing an additional 45,000 shares in the last quarter. GLOBALT Investments LLC GA purchased a new position in Bowlero in the fourth quarter worth about $625,000. PNC Financial Services Group Inc. grew its position in Bowlero by 47.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 7,800 shares of the company’s stock worth $110,000 after acquiring an additional 2,500 shares in the last quarter. Finally, Diversified Trust Co grew its position in Bowlero by 39.4% in the first quarter. Diversified Trust Co now owns 23,700 shares of the company’s stock worth $325,000 after acquiring an additional 6,700 shares in the last quarter. 68.11% of the stock is owned by 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.