Bowlero Corp. (NYSE: BOWL) stock fell -0.65% on Monday to $10.64 against a previous-day closing price of $10.71. With 1.82 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.74 million shares. During the session, the Leisure company that operates in wider Consumer Cyclical sector, reached to the highest price of $11.02 whereas the lowest price it dropped to was $10.61. The 52-week range on BOWL shows that it touched its highest point at $17.45 and its lowest point at $9.71 during that stretch. It currently has a 1-year price target of $19.06. Beta for the stock currently stands at 0.24.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of BOWL was up-trending over the past week, with a rise of 0.09%, but this was down by -0.65% over a month. Three-month performance dropped to -11.63% while six-month performance fell -29.49%. The stock lost -14.81% in the past year, while it has lost -21.07% so far this year. A look at the trailing 12-month EPS for BOWL yields 0.15 with Next year EPS estimates of 0.63. For the next quarter, that number is -0.03. This implies an EPS growth rate of 225.40% for this year and 27.02% for next year.
Float and Shares Shorts:
At present, 171.01 million BOWL shares are outstanding with a float of 106.59 million shares on hand for trading. On Aug 30, 2023, short shares totaled 17.72 million, which was 11.06% higher than short shares on Jul 30, 2023. In addition to Mr. Thomas F. Shannon as the firm’s Chairman & CEO, Mr. Brett I. Parker serves as its Exec. Vice Chairman, Sec. & Treasurer.
Through their ownership of 111.88% of BOWL’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 84.76% of BOWL, in contrast to 61.95% held by mutual funds. Shares owned by individuals account for 18.77%. As the largest shareholder in BOWL with 56.34% of the stake, Atairos Management LP holds 63,484,324 shares worth 63,484,324. A second-largest stockholder of BOWL, Fidelity Management & Research Co, holds 4,683,325 shares, controlling over 4.16% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in BOWL, holding 3,946,901 shares or 3.50% stake. With a 1.58% stake in BOWL, the Columbia Small Cap Growth Fund is the largest stakeholder. A total of 1,775,247 shares are owned by the mutual fund manager. The American Funds Small Cap World Fu, which owns about 1.55% of BOWL stock, is the second-largest Mutual Fund holder. It holds 1,748,497 shares valued at 19.23 million. Fidelity Value Fund holds 1.33% of the stake in BOWL, owning 1,501,900 shares worth 16.52 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jul 01, 2023, BOWL reported revenue of $267.72M and operating income of $45.82M. The EBITDA in the recently reported quarter was $74.02M and diluted EPS was $0.03.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for BOWL since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With BOWL analysts setting a high price target of $25.00 and a low target of $16.00, the average target price over the next 12 months is $18.75. Based on these targets, BOWL could surge 134.96% to reach the target high and rise by 50.38% to reach the target low. Reaching the average price target will result in a growth of 76.22% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded BOWL stock several times over the past three months with 2 Buys and 0 Sells. In these transactions, 15 shares were bought while 0 shares were sold. The number of buy transactions has increased to 21 while that of sell transactions has risen to 37 over the past year. The total number of shares bought during that period was 4,980,662 while 7,766,811 shares were sold.