Fintel reports that on September 12, 2023, B. Riley Securities reiterated coverage of Bowlero Corp - (NYSE:BOWL) with a Buy recommendation.
Analyst Price Forecast Suggests 98.16% Upside
As of August 31, 2023, the average one-year price target for Bowlero Corp - is 20.76. The forecasts range from a low of 16.16 to a high of $26.25. The average price target represents an increase of 98.16% from its latest reported closing price of 10.48.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Bowlero Corp - is 1,127MM, an increase of 6.44%. The projected annual non-GAAP EPS is 0.71.
What is the Fund Sentiment?
There are 336 funds or institutions reporting positions in Bowlero Corp -. This is an increase of 39 owner(s) or 13.13% in the last quarter. Average portfolio weight of all funds dedicated to BOWL is 0.31%, a decrease of 30.30%. Total shares owned by institutions decreased in the last three months by 2.54% to 128,067K shares. 
The put/call ratio of BOWL is 1.84, indicating a bearish outlook.
What are Other Shareholders Doing?
Atairos Group holds 63,426K shares representing 36.56% ownership of the company. No change in the last quarter.
CGOAX - Columbia Small Cap Growth Fund I holds 3,371K shares representing 1.94% ownership of the company. In it's prior filing, the firm reported owning 2,034K shares, representing an increase of 39.67%. The firm increased its portfolio allocation in BOWL by 19.24% over the last quarter.
Boston Partners holds 3,331K shares representing 1.92% ownership of the company. In it's prior filing, the firm reported owning 1,378K shares, representing an increase of 58.62%. The firm increased its portfolio allocation in BOWL by 326.30% over the last quarter.
Alta Fundamental Advisers holds 3,234K shares representing 1.86% ownership of the company. No change in the last quarter.
Ameriprise Financial holds 2,639K shares representing 1.52% ownership of the company. In it's prior filing, the firm reported owning 3,867K shares, representing a decrease of 46.53%. The firm increased its portfolio allocation in BOWL by 142.90% over the last quarter.
Bowlero Background Information
(This description is provided by the company.)
Bowlero Corporation is an American bowling center operator. It is the largest ten-pin bowling center operator in the world with around 300 centers, almost all of which are located in the United States.
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