Bowlero (NYSE:BOWL) Announces Quarterly Earnings Results, Beats Estimates By $0.30 EPS

Bowlero (NYSE:BOWL) posted its quarterly earnings data on Monday. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.17) by $0.30, Zacks reports. Bowlero had a negative net margin of 7.24% and a negative return on equity of 5.36%. The company had revenue of $260.20 million for the quarter, compared to the consensus estimate of $249.42 million. During the same quarter in the previous year, the firm posted ($0.10) EPS. Bowlero updated its FY 2025 guidance to EPS.

Bowlero Stock Up 14.7 %

NYSE:BOWL traded up $1.53 on Tuesday, reaching $11.91. The stock had a trading volume of 1,247,725 shares, compared to its average volume of 810,382. The company has a market capitalization of $1.76 billion, a P/E ratio of -18.00 and a beta of 0.62. Bowlero has a 1-year low of $8.85 and a 1-year high of $15.47. The stock has a fifty day moving average price of $11.47 and a 200-day moving average price of $12.17.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on BOWL shares. JPMorgan Chase & Co. dropped their price objective on shares of Bowlero from $16.00 to $15.00 and set an “overweight” rating on the stock in a report on Tuesday. Canaccord Genuity Group restated a “buy” rating and set a $18.00 price objective on shares of Bowlero in a report on Monday, September 30th. B. Riley reiterated a “buy” rating and set a $17.00 target price on shares of Bowlero in a research report on Tuesday, September 3rd. Royal Bank of Canada upgraded shares of Bowlero to a “moderate buy” rating in a research report on Thursday, October 3rd. Finally, Piper Sandler assumed coverage on shares of Bowlero in a research report on Monday, October 28th. They set a “neutral” rating and a $12.00 target price on the stock. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $15.88.

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.