Noble Financial Has Positive View of Bowlero FY2025 Earnings

Bowlero Corp. (NYSE:BOWL) – Investment analysts at Noble Financial increased their FY2025 earnings estimates for shares of Bowlero in a report released on Monday, November 11th. Noble Financial analyst M. Kupinski now expects that the company will earn $0.38 per share for the year, up from their prior forecast of $0.15. The consensus estimate for Bowlero’s current full-year earnings is $0.45 per share.

Other equities analysts have also issued research reports about the stock. JPMorgan Chase & Co. cut their price objective on shares of Bowlero from $16.00 to $15.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 5th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $18.00 price objective on shares of Bowlero in a research note on Monday, September 30th. Piper Sandler assumed coverage on shares of Bowlero in a research report on Monday, October 28th. They set a “neutral” rating and a $12.00 target price on the stock. Royal Bank of Canada upgraded Bowlero to a “moderate buy” rating in a report on Thursday, October 3rd. Finally, B. Riley reissued a “buy” rating and set a $17.00 price objective on shares of Bowlero in a report on Tuesday, September 3rd. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $15.88.

Bowlero Price Performance

BOWL opened at $11.47 on Thursday. The company has a market capitalization of $1.69 billion, a PE ratio of -18.80 and a beta of 0.62. Bowlero has a fifty-two week low of $9.70 and a fifty-two week high of $15.47. The business has a 50-day moving average of $11.55 and a 200-day moving average of $12.17.

Bowlero (NYSE:BOWL) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.17) by $0.30. Bowlero had a negative return on equity of 31.58% and a negative net margin of 6.63%. The business had revenue of $260.20 million during the quarter, compared to analyst estimates of $249.42 million. During the same period last year, the company earned ($0.10) earnings per share.

Institutional Investors Weigh In On Bowlero

Several hedge funds have recently modified their holdings of the business. Barclays PLC boosted its holdings in Bowlero by 22.6% in the 3rd quarter. Barclays PLC now owns 7,807 shares of the company’s stock valued at $91,000 after purchasing an additional 1,439 shares during the period. State Street Corp lifted its stake in shares of Bowlero by 43.2% in the third quarter. State Street Corp now owns 285,534 shares of the company’s stock valued at $3,352,000 after buying an additional 86,083 shares during the period. Stifel Financial Corp grew its position in Bowlero by 3.7% during the third quarter. Stifel Financial Corp now owns 74,969 shares of the company’s stock worth $880,000 after buying an additional 2,664 shares in the last quarter. Systematic Financial Management LP increased its stake in Bowlero by 24.0% during the third quarter. Systematic Financial Management LP now owns 838,090 shares of the company’s stock valued at $9,839,000 after acquiring an additional 161,951 shares during the period. Finally, Portolan Capital Management LLC acquired a new position in Bowlero in the 3rd quarter valued at approximately $8,281,000. 68.11% of the stock is owned by institutional investors.

Bowlero Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 22nd will be issued a dividend of $0.055 per share. The ex-dividend date is Friday, November 22nd. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.92%. Bowlero’s dividend payout ratio (DPR) is presently -36.07%.

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.