Bowlero Corp (NYSE: BOWL) stock jumped 3.38% on Friday to $10.70 against a previous-day closing price of $10.35. With 0.86 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.95 million shares. The 52-week range on BOWL shows that it touched its highest point at $17.45 and its lowest point at $8.85 during that stretch. It currently has a 1-year price target of $18.25. Beta for the stock currently stands at 0.29.
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 4.70%, but this was down by -1.83% over a month. Three-month performance surged to 2.20% while six-month performance fell -6.96%. The stock lost -22.35% in the past year, while it has lost -20.62% so far this year. A look at the trailing 12-month EPS for BOWL yields 0.62 with Next year EPS estimates of 0.49. For the next quarter, that number is 0.11. This implies an EPS growth rate of 61.25% for this year and 1.98% for next year.
Float and Shares Shorts:
At present, 107.67 million BOWL shares are outstanding with a float of 84.56 million shares on hand for trading. On Oct 30, 2023, short shares totaled 17.98 million, which was 11.50% higher than short shares on Sep 28, 2023. In addition to Mr. Thomas F. Shannon as the firm’s Chairman & CEO, Mr. Brett I. Parker serves as its Executive Vice Chairman & Secretary.
Through their ownership of 111.88% of BOWL’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 99.18% of BOWL, in contrast to 76.17% held by mutual funds. Shares owned by individuals account for 19.17%. As the largest shareholder in BOWL with 67.26% of the stake, Atairos Management LP holds 63,484,324 shares worth 63,484,324. A second-largest stockholder of BOWL, The Vanguard Group, Inc., holds 4,134,185 shares, controlling over 4.38% of the firm’s shares. Alta Fundamental Advisers LLC is the third largest shareholder in BOWL, holding 3,233,827 shares or 3.43% stake. With a 1.85% stake in BOWL, the American Funds Small Cap World Fu is the largest stakeholder. A total of 1,748,497 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 1.52% of BOWL stock, is the second-largest Mutual Fund holder. It holds 1,431,498 shares valued at 14.44 million. Vanguard Small Cap Index Fund holds 1.23% of the stake in BOWL, owning 1,158,250 shares worth 11.69 million.
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 $14.00, the average target price over the next 12 months is $18.25. Based on these targets, BOWL could surge 133.64% to reach the target high and rise by 30.84% to reach the target low. Reaching the average price target will result in a growth of 70.56% from current levels.
Summary of Insider Activity:
Insiders traded BOWL stock several times over the past three months with 3 Buys and 0 Sells. In these transactions, 2,314,900 shares were bought while 0 shares were sold. The number of buy transactions has increased to 24 while that of sell transactions has risen to 37 over the past year. The total number of shares bought during that period was 7,295,562 while 7,766,811 shares were sold.