Parkside Financial Bank & Trust Acquires 1,286 Shares of Bowlero Corp. (NYSE:BOWL)

Parkside Financial Bank & Trust grew its holdings in shares of Bowlero Corp. (NYSE:BOWL) by 35.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,892 shares of the company’s stock after acquiring an additional 1,286 shares during the period. Parkside Financial Bank & Trust’s holdings in Bowlero were worth $69,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of BOWL. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Bowlero by 23.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,692 shares of the company’s stock worth $93,000 after buying an additional 1,842 shares during the period. Bleakley Financial Group LLC boosted its holdings in Bowlero by 7.6% in the 4th quarter. Bleakley Financial Group LLC now owns 26,890 shares of the company’s stock worth $381,000 after buying an additional 1,890 shares during the period. Simplicity Solutions LLC boosted its holdings in Bowlero by 7.6% in the 4th quarter. Simplicity Solutions LLC now owns 26,890 shares of the company’s stock worth $381,000 after buying an additional 1,890 shares during the period. Arizona State Retirement System boosted its holdings in Bowlero by 19.0% in the 3rd quarter. Arizona State Retirement System now owns 12,833 shares of the company’s stock worth $123,000 after buying an additional 2,046 shares during the period. Finally, Diversified Trust Co lifted its stake in Bowlero by 33.1% in the 4th quarter. Diversified Trust Co now owns 17,000 shares of the company’s stock worth $241,000 after purchasing an additional 4,225 shares in the last quarter. Institutional investors own 68.11% of the company’s stock.

Insiders Place Their Bets

In other news, Director Michelle D. Wilson sold 87,267 shares of the stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $12.88, for a total transaction of $1,123,998.96. Following the transaction, the director now directly owns 1,040,204 shares in the company, valued at $13,397,827.52. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 56.54% of the company’s stock.

Bowlero Stock Performance

Shares of NYSE:BOWL opened at $11.54 on Friday. The company has a market capitalization of $1.73 billion, a price-to-earnings ratio of 64.11 and a beta of 0.50. Bowlero Corp. has a 12 month low of $8.85 and a 12 month high of $15.47. The firm’s 50-day moving average is $12.83 and its 200 day moving average is $12.09. The company has a current ratio of 1.22, a quick ratio of 1.14 and a debt-to-equity ratio of 46.80.

Bowlero (NYSE:BOWL) last issued its earnings results on Monday, February 5th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.13). The company had revenue of $305.67 million during the quarter, compared to the consensus estimate of $300.46 million. Bowlero had a return on equity of 98.75% and a net margin of 6.33%. Research analysts predict that Bowlero Corp. will post 0.15 EPS for the current year.

Bowlero Announces Dividend

The business also recently announced a Variable dividend, which was paid on Friday, March 8th. Shareholders of record on Friday, February 23rd were paid a $0.055 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. Bowlero’s dividend payout ratio is currently 122.22%.

Wall Street Analyst Weigh In

BOWL has been the topic of several research analyst reports. Oppenheimer boosted their price target on shares of Bowlero from $16.00 to $18.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 14th. Roth Mkm boosted their price target on shares of Bowlero from $14.00 to $17.00 and gave the stock a “buy” rating in a research note on Tuesday, February 6th. Finally, Stifel Nicolaus decreased their price target on shares of Bowlero from $21.00 to $19.00 and set a “buy” rating on the stock in a research note on Tuesday. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $18.00.

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.