Parkside Financial Bank & Trust Boosts Holdings in Bowlero Corp. (NYSE:BOWL)

Parkside Financial Bank & Trust raised its holdings in shares of Bowlero Corp. (NYSE:BOWL) by 35.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 4,892 shares of the company’s stock after purchasing an additional 1,286 shares during the period. Parkside Financial Bank & Trust’s holdings in Bowlero were worth $69,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Bowlero by 23.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,692 shares of the company’s stock worth $93,000 after buying an additional 1,842 shares in the last quarter. Bleakley Financial Group LLC grew its holdings in shares of Bowlero by 7.6% during the fourth quarter. Bleakley Financial Group LLC now owns 26,890 shares of the company’s stock worth $381,000 after buying an additional 1,890 shares in the last quarter. Simplicity Solutions LLC grew its holdings in shares of Bowlero by 7.6% during the fourth quarter. Simplicity Solutions LLC now owns 26,890 shares of the company’s stock worth $381,000 after buying an additional 1,890 shares in the last quarter. Arizona State Retirement System grew its holdings in shares of Bowlero by 19.0% during the third quarter. Arizona State Retirement System now owns 12,833 shares of the company’s stock worth $123,000 after buying an additional 2,046 shares in the last quarter. Finally, Diversified Trust Co grew its holdings in shares of Bowlero by 33.1% during the fourth quarter. Diversified Trust Co now owns 17,000 shares of the company’s stock worth $241,000 after buying an additional 4,225 shares in the last quarter. 68.11% of the stock is currently owned by hedge funds and other institutional investors.

Bowlero Trading Up 0.7 %

Shares of BOWL stock opened at $11.54 on Friday. The stock has a market cap of $1.73 billion, a price-to-earnings ratio of 64.11 and a beta of 0.50. The company has a quick ratio of 1.14, a current ratio of 1.22 and a debt-to-equity ratio of 46.80. Bowlero Corp. has a fifty-two week low of $8.85 and a fifty-two week high of $15.47. The firm’s 50 day moving average price is $12.83 and its two-hundred day moving average price is $12.09.

Bowlero (NYSE:BOWL) last posted its earnings results on Monday, February 5th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.13). Bowlero had a return on equity of 98.75% and a net margin of 6.33%. The firm had revenue of $305.67 million for the quarter, compared to analyst estimates of $300.46 million. On average, analysts anticipate that Bowlero Corp. will post 0.15 EPS for the current year.

Bowlero Announces Dividend

The company also recently announced a Variable dividend, which was paid on Friday, March 8th. Stockholders of record on Friday, February 23rd were given a dividend of $0.055 per share. The ex-dividend date of this dividend was Thursday, February 22nd. Bowlero’s payout ratio is currently 122.22%.

Analysts Set New Price Targets

A number of brokerages have recently commented on BOWL. Roth Mkm lifted their price target on shares of Bowlero from $14.00 to $17.00 and gave the stock a “buy” rating in a report on Tuesday, February 6th. Stifel Nicolaus decreased their target price on shares of Bowlero from $21.00 to $19.00 and set a “buy” rating on the stock in a research report on Tuesday. Finally, Oppenheimer raised their target price on shares of Bowlero from $16.00 to $18.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 14th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Bowlero presently has an average rating of “Buy” and a consensus price target of $18.00.

Insider Transactions at Bowlero

In other news, Director Michelle D. Wilson sold 87,267 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $12.88, for a total transaction of $1,123,998.96. Following the transaction, the director now directly owns 1,040,204 shares of the company’s stock, valued at $13,397,827.52. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 56.54% of the company’s stock.

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.