Bowlero (NYSE:BOWL) Releases Quarterly Earnings Results, Beats Expectations By $0.30 EPS

Bowlero (NYSE:BOWL) announced its earnings results on Monday. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.30, Zacks reports. Bowlero had a negative return on equity of 34.55% and a negative net margin of 6.63%. The business had revenue of $260.20 million for the quarter, compared to analyst estimates of $249.42 million. During the same period in the previous year, the company earned ($0.10) earnings per share. Bowlero updated its FY 2025 guidance to EPS.

Bowlero Price Performance

BOWL traded up $0.03 during mid-day trading on Thursday, hitting $11.78. The stock had a trading volume of 252,879 shares, compared to its average volume of 810,261. Bowlero has a 1-year low of $9.70 and a 1-year high of $15.47. The firm has a market capitalization of $1.74 billion, a price-to-earnings ratio of -19.21 and a beta of 0.62. The stock’s fifty day simple moving average is $11.48 and its 200-day simple moving average is $12.17.

Bowlero Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 22nd will be paid a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a yield of 1.87%. The ex-dividend date is Friday, November 22nd. Bowlero’s payout ratio is -36.07%.

Wall Street Analysts Forecast Growth

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