Bowlero Corp. (NYSE:BOWL) CFO Sells $471,250.00 in Stock

Bowlero Corp. (NYSE:BOWLGet Rating) CFO Brett I. Parker sold 32,500 shares of the business’s stock in a transaction dated Friday, January 20th. The shares were sold at an average price of $14.50, for a total value of $471,250.00. Following the completion of the sale, the chief financial officer now directly owns 2,117,673 shares of the company’s stock, valued at $30,706,258.50. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Bowlero Stock Performance

BOWL traded up $0.09 during midday trading on Tuesday, reaching $14.28. 901,891 shares of the company were exchanged, compared to its average volume of 886,326. The company’s fifty day moving average price is $13.38 and its 200 day moving average price is $12.92. The company has a market cap of $2.37 billion, a price-to-earnings ratio of -25.05 and a beta of 0.25. Bowlero Corp. has a one year low of $6.96 and a one year high of $15.28.

Bowlero (NYSE:BOWLGet Rating) last issued its quarterly earnings data on Wednesday, November 16th. The company reported $0.03 EPS for the quarter, hitting analysts’ consensus estimates of $0.03. The firm had revenue of $230.26 million during the quarter, compared to analyst estimates of $222.35 million. Bowlero had a negative return on equity of 157.07% and a negative net margin of 8.22%. As a group, sell-side analysts anticipate that Bowlero Corp. will post 0.73 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Bowlero

A number of hedge funds and other institutional investors have recently modified their holdings of the business. North Star Investment Management Corp. purchased a new position in shares of Bowlero in the 4th quarter worth approximately $1,494,000. Bank of New York Mellon Corp boosted its stake in shares of Bowlero by 12.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 253,036 shares of the company’s stock worth $3,114,000 after buying an additional 27,496 shares during the last quarter. California State Teachers Retirement System boosted its stake in shares of Bowlero by 3.5% in the 3rd quarter. California State Teachers Retirement System now owns 50,941 shares of the company’s stock worth $627,000 after buying an additional 1,705 shares during the last quarter. Alpha Paradigm Partners LLC purchased a new position in shares of Bowlero in the 3rd quarter worth approximately $740,000. Finally, CIBC Private Wealth Group LLC boosted its stake in shares of Bowlero by 22.1% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 43,948 shares of the company’s stock worth $541,000 after buying an additional 7,948 shares during the last quarter. Hedge funds and other institutional investors own 64.88% of the company’s stock.

Analyst Ratings Changes

Separately, Oppenheimer started coverage on Bowlero in a report on Monday, October 3rd. They set an “outperform” rating and a $16.00 price objective for the company.

Bowlero Company Profile

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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. As of July 3, 2022, it operated approximately 317 centers in the United States, Mexico, and Canada.

Further Reading

Insider Buying and Selling by Quarter for Bowlero (NYSE:BOWL)

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