Bowlero Announces the Acquisition of Thunderbowl Lanes in Michigan
Bowlero Corp. Class A (BOWL)
Company Research
Source: Business Wire
RICHMOND, Va.--(BUSINESS WIRE)--Bowlero Corp. (NYSE: BOWL) (“Bowlero” or the “Company”), one of the world’s premier operators of location-based entertainment, announced today they have entered into a definitive agreement to acquire Thunderbowl Lanes in Allen Park, Michigan, including the business and the underlying 8 acres of land. This transaction is expected to close in June 2024 and will be funded through an all-cash transaction.Thunderbowl Lanes is the largest bowling center in the United States. This expansive location spans over 98,000 sq. ft. and is home to 90 state-of-the-art bowling lanes, banquet and meeting rooms, a sports bar, billiards, and the Greater Detroit Bowling Association Hall of Fame. The acquisition of Thunderbowl Lanes marks the company’s sixth location in Michigan.“We are pleased to announce the acquisition of Thunderbowl Lanes," stated Thomas Shannon, Founder and Chief Executive Officer of Bowlero. "Thunderbowl's impressive facilities and prime location n
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News
- Bowlero Announces the Acquisition of Thunderbowl Lanes in Michigan [Yahoo! Finance]Yahoo! Finance
- Bowlero Corp. (NYSE: BOWL) had its price target raised by analysts at Craig Hallum from $17.00 to $18.00. They now have a "buy" rating on the stock.MarketBeat
- Bowlero Corp. (NYSE: BOWL) had its price target lowered by analysts at B. Riley from $19.00 to $17.00. They now have a "buy" rating on the stock.MarketBeat
- Bowlero Corp. (NYSE: BOWL) had its price target lowered by analysts at Roth Mkm from $17.00 to $15.00. They now have a "buy" rating on the stock.MarketBeat
- Bowlero Corp. (NYSE: BOWL) had its price target lowered by analysts at Canaccord Genuity Group Inc. from $20.00 to $18.00. They now have a "buy" rating on the stock.MarketBeat
BOWL
Sec Filings
- 5/6/24 - Form 10-Q
- 5/6/24 - Form 8-K
- 4/1/24 - Form 4
- BOWL's page on the SEC website