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

Bowlero (NYSE:BOWL) announced its quarterly earnings results on Monday. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $260.20 million during the quarter, compared to analysts’ expectations of $249.42 million. During the same quarter last year, the company earned ($0.10) earnings per share. Bowlero updated its FY 2025 guidance to EPS.

Bowlero Stock Up 13.4 %

Shares of Bowlero stock traded up $1.39 during trading on Tuesday, reaching $11.77. 1,290,775 shares of the company were exchanged, compared to its average volume of 810,583. Bowlero has a twelve month low of $8.85 and a twelve month high of $15.47. The firm has a market capitalization of $1.74 billion, a price-to-earnings ratio of -18.00 and a beta of 0.62. The business has a 50-day moving average price of $11.47 and a 200-day moving average price of $12.17.

Analyst Ratings Changes

Several research analysts have issued reports on BOWL shares. B. Riley reiterated a “buy” rating and set a $17.00 price objective on shares of Bowlero in a research note 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. Canaccord Genuity Group reaffirmed a “buy” rating and set a $18.00 price objective on shares of Bowlero in a report on Monday, September 30th. Piper Sandler began coverage on Bowlero in a report on Monday, October 28th. They issued a “neutral” rating and a $12.00 target price on the stock. Finally, JPMorgan Chase & Co. decreased their target price on Bowlero from $16.00 to $15.00 and set an “overweight” rating on the stock in a report on Tuesday. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Bowlero presently has a consensus rating of “Moderate Buy” and an average target price of $15.88.

About Bowlero

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.