Bowlero Corp. (NYSE:BOWL – Get Rating) CEO Thomas F. Shannon sold 192,654 shares of the business’s stock in a transaction on Friday, January 20th. The shares were sold at an average price of $14.37, for a total transaction of $2,768,437.98. Following the transaction, the chief executive officer now owns 1,225,774 shares of the company’s stock, valued at $17,614,372.38. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Bowlero Stock Up 0.6 %
Shares of NYSE:BOWL traded up $0.09 during midday trading on Tuesday, hitting $14.28. 901,891 shares of the stock traded hands, compared to its average volume of 886,326. The stock has a market capitalization of $2.37 billion, a PE ratio of -25.05 and a beta of 0.25. The business’s 50 day moving average is $13.38 and its two-hundred day moving average is $12.92. 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, meeting the consensus estimate of $0.03. The firm had revenue of $230.26 million during the quarter, compared to the consensus estimate of $222.35 million. Bowlero had a negative net margin of 8.22% and a negative return on equity of 157.07%. As a group, sell-side analysts forecast that Bowlero Corp. will post 0.73 earnings per share for the current year.
Hedge Funds Weigh In On Bowlero
Analysts Set New Price Targets
Separately, Oppenheimer assumed coverage on shares of Bowlero in a research note on Monday, October 3rd. They issued an “outperform” rating and a $16.00 price target for the company.
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.
- Get a free copy of the StockNews.com research report on Bowlero (BOWL)
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