Janus Henderson Group PLC Acquires 4,763 Shares of Bowlero Corp. (NYSE:BOWL)

Janus Henderson Group PLC increased its holdings in shares of Bowlero Corp. (NYSE:BOWL) by 8.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,022 shares of the company’s stock after purchasing an additional 4,763 shares during the period. Janus Henderson Group PLC’s holdings in Bowlero were worth $705,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Marshall Wace LLP lifted its stake in Bowlero by 101.5% in the second quarter. Marshall Wace LLP now owns 363,784 shares of the company’s stock valued at $5,271,000 after buying an additional 183,252 shares in the last quarter. Lisanti Capital Growth LLC acquired a new stake in shares of Bowlero during the second quarter worth $2,648,000. Squarepoint Ops LLC lifted its position in Bowlero by 201.2% in the 2nd quarter. Squarepoint Ops LLC now owns 82,803 shares of the company’s stock valued at $1,200,000 after acquiring an additional 164,603 shares in the last quarter. King Luther Capital Management Corp boosted its position in shares of Bowlero by 51.0% during the third quarter. King Luther Capital Management Corp now owns 356,105 shares of the company’s stock worth $4,181,000 after buying an additional 120,215 shares during the period. Finally, Quest Partners LLC boosted its position in Bowlero by 3,311,100.0% during the 3rd quarter. Quest Partners LLC now owns 33,112 shares of the company’s stock worth $389,000 after acquiring an additional 33,111 shares during the last quarter. 68.11% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have issued reports on BOWL. JPMorgan Chase & Co. cut their price target on shares of Bowlero from $16.00 to $15.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 5th. Royal Bank of Canada upgraded shares of Bowlero to a “moderate buy” rating in a research note on Thursday, October 3rd. B. Riley reiterated a “buy” rating and issued a $17.00 target price on shares of Bowlero in a research note on Tuesday, September 3rd. Truist Financial initiated coverage on Bowlero in a research report on Tuesday, December 10th. They set a “buy” rating and a $16.00 price target on the stock. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and set a $18.00 price target on shares of Bowlero in a report on Monday, September 30th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Bowlero presently has an average rating of “Moderate Buy” and an average target price of $15.89.

Bowlero Price Performance

Shares of NYSE BOWL opened at $11.12 on Friday. The business has a fifty day moving average price of $11.71 and a two-hundred day moving average price of $12.18. The stock has a market capitalization of $1.63 billion, a PE ratio of -18.23 and a beta of 0.70. Bowlero Corp. has a fifty-two week low of $9.70 and a fifty-two week high of $15.47.

Bowlero (NYSE:BOWL) last posted its quarterly earnings results on Monday, November 4th. The company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.30. Bowlero had a negative return on equity of 31.58% and a negative net margin of 6.63%. The business had revenue of $260.20 million during the quarter, compared to the consensus estimate of $249.42 million. During the same quarter in the previous year, the firm earned ($0.10) earnings per share. On average, equities analysts expect that Bowlero Corp. will post 0.45 EPS for the current year.

Bowlero Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 22nd were given a dividend of $0.055 per share. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $0.22 annualized dividend and a yield of 1.98%. Bowlero’s dividend payout ratio is currently -36.07%.

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.