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Tuesday, June 6, 2023

Bowlero Corp. (NYSE: BOWL) May Be Attracting Institutional Investments

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Bowlero Corp. (BOWL) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.08, or -0.66%, to $12.02. The Bowlero Corp. has recorded 101,845 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Bowlero Corp. Completes Acquisition in Washington State.

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Stocks Info

Bowlero Corp. is listed on the NYSE as a member of the Consumer Cyclical sector and is a part of the Leisure industry. At the end of the last regular session, the stock closed at $12.10 and fluctuated between $12.16 as its day high and $11.72 as its day low. The current market capitalization of Bowlero Corp. is $2.04B. A total of 1.86 million shares were traded on the day, compared to an average of 1.77M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, BOWL has seen 4 BUY and 14 SELL insider trades, representing the acquisition of 4,908,345 and the disposition of 5,635,546 shares. Over the last 12 months, there were 18 BUYs and 37 SELLs from insiders. Insiders purchased 4,974,057 shares during that period but sold 7,766,811.

In the most recent transaction, Lavan Robert M. bought 8,595 shares of BOWL for 11.47 per share on May 19. After the transaction, the Chief Financial Officer now owns 8,595 company shares. In a previous transaction on Mar 16, A-B Parent LLC sold 4,908,234 shares at 15.02 per share. BOWL shares that Director owns now total 63,484,324.

Among the insiders who sold shares, KOSTELNI JEFFREY C disposed of 818 shares on Mar 14 at a per-share price of $16.17. This resulted in the Chief Accounting Officer holding 15,122 shares of BOWL after the transaction. In another insider transaction, Parker Brett I. sold 40,000 shares at $17.00 per share on Mar 08. Company shares held by the Chief Financial Officer now total 1,724,147.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for BOWL in the last 3 months, the mean price target is $20.72 with high estimates of $25.00 and low estimates of $17.00. In terms of 52-week highs and lows, BOWL has a high of $17.45 and a low of $8.71.

As of this writing, BOWL has an earnings estimate of $0.02 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of $0.06 per share and a lower estimate of -$0.03. The company reported an EPS of -$0.01 in the last quarter, which was -105.90% lower than expectations of $0.17.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for BOWL is Buy with a score of 5.00.

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