Bowlero Corp. (NYSE:BOWL – Get 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:BOWL – Get 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
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
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.
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