Bowlero Corp. (NYSE:BOWL – Get Free Report) declared a quarterly dividend on Monday, August 5th, Wall Street Journal reports. Shareholders of record on Friday, August 23rd will be given a dividend of 0.055 per share on Friday, September 6th. This represents a $0.22 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date is Friday, August 23rd.
Bowlero has a dividend payout ratio of 73.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Bowlero to earn $0.32 per share next year, which means the company should continue to be able to cover its $0.22 annual dividend with an expected future payout ratio of 68.8%.
Bowlero Trading Up 4.2 %
BOWL stock opened at $11.41 on Thursday. The stock has a market cap of $1.70 billion, a PE ratio of 21.52 and a beta of 0.62. Bowlero has a 12 month low of $8.85 and a 12 month high of $15.47. The company has a 50-day moving average price of $12.95 and a 200 day moving average price of $12.79.
Wall Street Analysts Forecast Growth
Get Our Latest Analysis on Bowlero
Insiders Place Their Bets
In other news, Director Michelle D. Wilson sold 65,829 shares of Bowlero stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $12.90, for a total value of $849,194.10. Following the sale, the director now owns 848,471 shares in the company, valued at $10,945,275.90. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Bowlero news, Director Michelle D. Wilson sold 39,309 shares of the stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $13.98, for a total value of $549,539.82. Following the completion of the sale, the director now owns 958,162 shares in the company, valued at approximately $13,395,104.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Michelle D. Wilson sold 65,829 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $12.90, for a total transaction of $849,194.10. Following the completion of the transaction, the director now directly owns 848,471 shares in the company, valued at $10,945,275.90. The disclosure for this sale can be found here. Insiders own 56.54% of the company’s stock.
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.
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