Bowlero (NYSE:BOWL) Releases Earnings Results

Bowlero (NYSE:BOWL) issued its earnings results on Monday. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.30, Zacks reports. The business had revenue of $260.20 million during the quarter, compared to the consensus estimate of $249.42 million. Bowlero had a negative return on equity of 34.55% and a negative net margin of 6.63%. During the same period last year, the company earned ($0.10) EPS. Bowlero updated its FY 2025 guidance to EPS.

Bowlero Stock Performance

NYSE BOWL traded up $0.10 during trading on Wednesday, hitting $11.72. The stock had a trading volume of 716,068 shares, compared to its average volume of 496,693. The firm has a 50 day moving average price of $11.47 and a 200 day moving average price of $12.17. Bowlero has a twelve month low of $8.85 and a twelve month high of $15.47.

Bowlero Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 22nd will be given a $0.055 dividend. This represents a $0.22 annualized dividend and a yield of 1.88%. The ex-dividend date is Friday, November 22nd. Bowlero’s dividend payout ratio is currently -36.06%.

Analyst Ratings Changes

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

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.