The stock of Bowlero Corp. (NYSE:BOWL) decreased by -$0.37 on Tuesday to finish at $10.27, down -3.48 percent. The last five days have seen an average of 2,389,940 shares of common stock traded. 15 times new highs were reached in the current year, with a fall of -$3.21. The average number of shares traded over the last 20 days was 2,107,585, while the average volume over the last 50 days totaled 1,691,066.
BOWL stock dropped -4.47% since last month. On 09/12/23, the company’s shares reached a one-month low of $9.71. The stock touched a high of $17.45 on 03/09/23, after rallying from a low of $9.71 in 52 weeks. The price of BOWL stock has declined by -23.81% or -$3.21 this year, reaching a new high 15 times. Still, the stock price is down -41.15% from the 52-week high.
Insider Transactions
BOWL stock investors should be aware that Bowlero Corp. (BOWL) stock had its last reported insider trading activity 6 days ago on Sep 14. On Sep 14, Director Young John Alan acquired 4,900 shares at $10.26 each. This transaction resulted in the insider spending $50,274. On Sep 12, Lavan Robert M. added 10,000 shares at a price of US$9.95. After the transaction, the insider now owns 27,162 shares. Director Young John Alan had earlier bought 1,100 shares on Jun 01 for $11.25 a share. The transaction was completed for $12,375.
Valuation Metrics
Bowlero Corp. (BOWL) has a trailing price-to-earnings (P/E) ratio of 68.93. Beta for the stock is 0.24. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.53, the price-to-book (PB) ratio of 11.29, and the price-to-cash flow ratio of 23.76.
Financial Health
For the three months ended June 29, Bowlero Corp.’s quick ratio was 1.30, while its current ratio was 1.40, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 11.54, and the total debt to equity ratio is 11.60. As far as profitability goes, gross margin for the trailing twelve months is 32.30% percent. Bowlero Corp.’s operating margin stood at 19.00% for the same period. Based on annual data, it had gross profit of $342.41 million and revenue of $1.06 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. BOWL’s return on assets (ROA) during the last 12 months has been 2.50%. There was a 14.60% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 157.30%.
Earnings Surprise
According to Bowlero Corp.’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $211.86 million, while revenues fell by -115.32% to $315.73 million. It was predicted that Bowlero Corp.’s quarterly earnings would be $0.75, but it ended up being $0.01. EBITDA was $45.77 million for the quarter. At the end of Bowlero Corp.’s most recent quarter ended June 29, its liabilities totaled 2.54 billion, while its total debt was $2.27 billion. Equity owned by shareholders amounts to $161.77 million.
Technical Picture
Here’s a quick look at Bowlero Corp.’s (BOWL) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 38.40%, suggesting the stock is Neutral, with a 40.44% historical volatility rate.
The stochastic %K and %D were 44.18% and 44.89% respectively, while the average true range (ATR) was 0.50. Based on the 14-day stochastic reading of 29.82%, the RSI (14) reading is 40.05%. On the 9-day MACD Oscillator, the stock is at 0.08, and the 14-day reading is at -0.10.
Analyst Ratings
In its analyst report released on June 02, 2023, B. Riley Securities began covering Bowlero Corp. (NYSE: BOWL). The stock was rated as a Buy by the brokerage firm. Analysts have assigned Bowlero Corp. (BOWL) an Buy rating. BOWL is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 10 others recommend it as a buy.
What is BOWL’s price target for the next 12 months?
The current consensus forecast for the stock is between $16.00 and $25.00, with a median target price of $17.75. In analyzing these forecasts, the average price target given by analysts for Bowlero Corp. (BOWL) is $18.75.
