Bowlero Target of Unusually Large Options Trading (NYSE:BOWL)

Posted by Defense World Staff on Sep 10th, 2023

Bowlero Corp. (NYSE:BOWL – Get Free Report) was the recipient of some unusual options trading activity on Friday. Stock investors bought 2,095 put options on the stock. This is an increase of approximately 331% compared to the average daily volume of 486 put options.

Bowlero Stock Down 3.4 %

Bowlero stock opened at $10.13 on Friday. The company has a market cap of $1.76 billion, a P/E ratio of -24.12 and a beta of 0.23. Bowlero has a 1-year low of $10.03 and a 1-year high of $17.45. The company has a fifty day simple moving average of $11.27 and a 200 day simple moving average of $13.08. The company has a current ratio of 1.37, a quick ratio of 1.29 and a debt-to-equity ratio of 14.60.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC grew its position in shares of Bowlero by 233.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,424 shares of the company’s stock valued at $28,000 after acquiring an additional 1,696 shares during the period. US Bancorp DE bought a new position in shares of Bowlero in the 1st quarter valued at about $35,000. Parkside Financial Bank & Trust lifted its stake in shares of Bowlero by 159.2% during the 2nd quarter. Parkside Financial Bank & Trust now owns 3,173 shares of the company’s stock worth $37,000 after buying an additional 1,949 shares during the last quarter. Advisor Group Holdings Inc. lifted its stake in shares of Bowlero by 122.9% during the 4th quarter. Advisor Group Holdings Inc. now owns 5,350 shares of the company’s stock worth $72,000 after buying an additional 2,950 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in shares of Bowlero during the 2nd quarter worth about $72,000.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Stifel Nicolaus upped their target price on shares of Bowlero to $25.00 in a research note on Monday, June 5th. B. Riley assumed coverage on shares of Bowlero in a report on Friday, June 2nd. They set a “buy” rating and a $18.00 price objective on the stock. Oppenheimer dropped their price objective on shares of Bowlero from $19.00 to $16.00 and set an “outperform” rating on the stock in a report on Thursday, August 24th. Finally, TheStreet lowered shares of Bowlero from a “c-” rating to a “d+” rating in a report on Thursday, May 18th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $20.14.

Get Our Latest Stock Analysis on Bowlero

About Bowlero

(Get 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.