Bowlero Corp (NYSE: BOWL) Gain Of 25.94% Compared To 52-Week Low; YTD Fall -15.61% – What Should You Do Now?

Bowlero Corp (NYSE:BOWL)’s traded shares stood at 0.42 million during the last session, with the company’s beta value hitting 0.60. At the close of trading, the stock’s price was $11.95, to imply an increase of 5.01% or $0.57 in intraday trading. The BOWL share’s 52-week high remains $15.47, putting it -29.46% down since that peak but still an impressive 25.94% since price per share fell to its 52-week low of $8.85. The company has a valuation of $1.76B, with an average of 0.53 million shares in intraday trading volume over the past 10 days and average of 572.33K shares over the past 3 months.

Analysts have given a consensus recommendation of Buy for Bowlero Corp (BOWL), translating to a mean rating of 1.00. Of 5 analyst(s) looking at the stock, 0 analyst(s) give BOWL a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 5 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.17.

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Bowlero Corp (NYSE:BOWL) trade information

After registering a 5.01% upside in the last session, Bowlero Corp (BOWL) has traded red over the past five days. The 5-day price performance for the stock is 1.27%, and 10.75% over 30 days. With these gigs, the year-to-date price performance is -15.61%. Short interest in Bowlero Corp (NYSE:BOWL) saw shorts transact 11.32 million shares and set a 18.27 days time to cover.

The extremes give us $15 and $19 for target low and target high price respectively. As such, BOWL has been trading -59.0% off suggested target high and -25.52% from its likely low.

Bowlero Corp (BOWL) estimates and forecasts

Looking at statistics comparing Bowlero Corp share performance against respective industry, we note that the company has outperformed competitors. Bowlero Corp (BOWL) shares are -11.09% down over the last 6 months, with its year-to-date growth rate higher than industry average at 281.25% against 8.50%. Revenue is forecast to shrink -288.90% this quarter before jumping 122.70% for the next one. The rating firms project that company’s revenue will grow 7.60% compared to the previous financial year.

Revenue forecast for the current quarter as set by 8 analysts is 251.72M. Meanwhile, for the current quarter, a total of 8 analyst(s) estimate revenue growth to 323.36M.

BOWL Dividends

Bowlero Corp has its next earnings report out on 2024-Nov-05. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Bowlero Corp has a forward dividend ratio of 0.17, with the share yield ticking at 1.38% to continue the rising pattern observed over the past year.

Bowlero Corp (NYSE:BOWL)’s Major holders

Bowlero Corp insiders hold 9.45% of total outstanding shares, with institutional holders owning 104.04% of the shares at 114.90% float percentage. In total, 104.04% institutions holds shares in the company, led by ATAIROS GROUP, INC.. As of 2024-06-30, the company held over 63.43 million shares (or 42.8255% of shares), all amounting to roughly $919.04 million.

The next major institution holding the largest number of shares is BOSTON PARTNERS with 3.44 million shares, or about 2.3222% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $49.49 million.