Bowlero (NYSE:BOWL) Releases Earnings Results, Beats Estimates By $0.30 EPS

Bowlero (NYSE:BOWL) released its earnings results on Monday. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.30, Zacks reports. The company 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 quarter in the previous year, the company posted ($0.10) EPS. Bowlero updated its FY 2025 guidance to EPS.

Bowlero Price Performance

BOWL stock traded up $0.06 during trading on Thursday, reaching $11.81. The company had a trading volume of 279,752 shares, compared to its average volume of 810,386. Bowlero has a 52 week low of $9.70 and a 52 week high of $15.47. The business has a 50 day moving average of $11.48 and a 200 day moving average of $12.17. The company has a market cap of $1.74 billion, a P/E ratio of -19.21 and a beta of 0.62.

Bowlero Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 22nd will be paid a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date is Friday, November 22nd. Bowlero’s payout ratio is -36.07%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on BOWL shares. 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. JPMorgan Chase & Co. decreased their price objective on Bowlero from $16.00 to $15.00 and set an “overweight” rating on the stock in a report on Tuesday. Piper Sandler began coverage on Bowlero in a report on Monday, October 28th. They set a “neutral” rating and a $12.00 target price for the company. B. Riley reaffirmed a “buy” rating and issued a $17.00 price target on shares of Bowlero in a research note on Tuesday, September 3rd. Finally, Royal Bank of Canada raised Bowlero to a “moderate buy” rating in a research note on Thursday, October 3rd. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Bowlero currently has an average rating of “Moderate Buy” and an average price target of $15.88.

Bowlero Company Profile

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.