American Century Companies Inc. Has $23.13 Million Position in Bowlero Corp. (NYSE:BOWL)

American Century Companies Inc. boosted its position in shares of Bowlero Corp. (NYSE:BOWL – Free Report) by 36.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,364,854 shares of the company’s stock after purchasing an additional 364,651 shares during the quarter. American Century Companies Inc. owned 0.82% of Bowlero worth $23,134,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of BOWL. Vanguard Group Inc. acquired a new position in Bowlero during the first quarter valued at approximately $26,555,000. Boston Partners grew its holdings in Bowlero by 2,186.9% during the first quarter. Boston Partners now owns 1,378,446 shares of the company’s stock valued at $22,941,000 after purchasing an additional 1,318,170 shares during the period. Federated Hermes Inc. grew its holdings in Bowlero by 500.0% during the first quarter. Federated Hermes Inc. now owns 1,216,764 shares of the company’s stock valued at $20,624,000 after purchasing an additional 1,013,985 shares during the period. State Street Corp lifted its stake in Bowlero by 452.1% in the second quarter. State Street Corp now owns 602,105 shares of the company’s stock valued at $6,376,000 after buying an additional 493,043 shares in the last quarter. Finally, BlackRock Inc. bought a new position in Bowlero in the first quarter valued at approximately $5,168,000.

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Bowlero Stock Performance

Shares of BOWL stock opened at $11.18 on Thursday. The company’s fifty day simple moving average is $11.38 and its 200-day simple moving average is $13.29. The company has a quick ratio of 1.29, a current ratio of 1.37 and a debt-to-equity ratio of 14.60. The firm has a market cap of $1.94 billion, a PE ratio of -26.62 and a beta of 0.20. Bowlero Corp. has a 12 month low of $10.22 and a 12 month high of $17.45.

Analyst Ratings Changes

BOWL has been the topic of a number of research reports. Stifel Nicolaus lifted their price target on shares of Bowlero to $25.00 in a research note on Monday, June 5th. B. Riley initiated coverage on shares of Bowlero in a research note on Friday, June 2nd. They issued a “buy” rating and a $18.00 price target on the stock. TheStreet lowered shares of Bowlero from a “c-” rating to a “d+” rating in a research note on Thursday, May 18th. Finally, Oppenheimer cut their price target on shares of Bowlero from $19.00 to $16.00 and set an “outperform” rating on the stock in a research note on Thursday, August 24th. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $20.14.

Read Our Latest Stock Report on BOWL

About Bowlero

(Free Report)

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. As of July 3, 2022, it operated approximately 317 centers in the United States, Mexico, and Canada.

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