Bowlero's stock is a buy after strong boost in foot traffic in February, says Jefferies [MarketWatch]
Bowlero Corp. Class A (BOWL)
Company Research
Source: MarketWatch
The news comes after company earlier this week opened a new Lucky Strike location in Miami, its second new build for the brand, which Bowlero acquired last September in an all-cash deal valued at about $90 million. Analysts are unanimously bullish on the stock. All 10 analysts offering coverage on FactSet have buy ratings on the stock, which is down 3.3% in the year to date, while the S&P 500 SPX has gained 10.2%. Bowlero went public in 2021 by merging with a special-purpose acquisition corporation. The company beat second-quarter revenue estimates last month thanks to strength in its events business and said it would start paying a dividend to shareholders. Advertisement The 5.5 cent dividend was paid on March 8 to shareholders of record as of Feb. 23. Jefferies foot-traffic data suggests an improvement in February over January. “Meanwhile, the two-year stacks were up 22.0% in February compared to up 12.4% in January and down 7.0% in November, a significant improvement,
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News
- Analysts Estimate Bowlero Corp. (BOWL) to Report a Decline in Earnings: What to Look Out for [Yahoo! Finance]Yahoo! Finance
- Bowlero Corp. (NYSE: BOWL) had its price target lowered by analysts at Stifel Nicolaus from $21.00 to $19.00. They now have a "buy" rating on the stock.MarketBeat
- Bowlero to Report Third Quarter 2024 Financial Results on May 6, 2024Business Wire
- Former Bowlero exec says company threatened to report him to FBI in proposed extortion, retaliation suit [MSNBC.com]MSNBC.com
- Former Bowlero exec says company threatened to report him to FBI in proposed extortion, retaliation suit [CNBC]CNBC
BOWL
Earnings
- 5/17/23 - Miss
BOWL
Sec Filings
- 4/1/24 - Form 4
- 4/1/24 - Form 4
- 3/29/24 - Form 4
- BOWL's page on the SEC website