Considering Bowlero Corp. (BOWL) as a potential investment: What Should You Do?

After finishing at $16.11 in the prior trading day, Bowlero Corp. (NYSE: BOWL) closed at $15.80, down -1.92%. In other words, the price has decreased by -$0.31 from its previous closing price. On the day, 1365128 shares were traded. BOWL stock price reached its highest trading level at $15.87 during the session, while it also had its lowest trading level at $15.30.

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Our goal is to gain a better understanding of BOWL by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 29.34 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 25.50. For the most recent quarter (mrq), Quick Ratio is recorded 0.90 and its Current Ratio is at 1.00.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Canaccord Genuity on March 08, 2023, initiated with a Buy rating and assigned the stock a target price of $22.

On February 24, 2023, Craig Hallum started tracking the stock assigning a Buy rating and target price of $24.

On October 04, 2022, Oppenheimer started tracking the stock assigning a Outperform rating and target price of $16.Oppenheimer initiated its Outperform rating on October 04, 2022, with a $16 target price.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 08 when Parker Brett I. sold 40,000 shares for $17.00 per share. The transaction valued at 680,000 led to the insider holds 1,724,147 shares of the business.

Parker Brett I. sold 32,728 shares of BOWL for $540,012 on Mar 07. The Chief Financial Officer now owns 1,764,147 shares after completing the transaction at $16.50 per share. On Mar 06, another insider, Shannon Thomas F., who serves as the Chief Executive Officer of the company, sold 204,604 shares for $16.17 each. As a result, the insider received 3,307,915 and left with 0 shares of the company.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 2.61.

Stock Price History:

Over the past 52 weeks, BOWL has reached a high of $17.45, while it has fallen to a 52-week low of $8.19. The 50-Day Moving Average of the stock is 14.64, while the 200-Day Moving Average is calculated to be 12.94.

Shares Statistics:

The stock has traded on average 1.21M shares per day over the past 3-months and 2.15M shares per day over the last 10 days, according to various share statistics. A total of 162.48M shares are outstanding, with a floating share count of 101.07M. Insiders hold about 2.10% of the company’s shares, while institutions hold 98.30% stake in the company. Shares short for BOWL as of Jan 30, 2023 were 8.89M with a Short Ratio of 8.00M, compared to 7.94M on Dec 29, 2022. Therefore, it implies a Short% of Shares Outstanding of 5.36% and a Short% of Float of 23.61%.

Earnings Estimates

Its stock is currently analyzed by 4 different market analysts. On average, analysts expect EPS of $0.17 for the current quarter, with a high estimate of $0.22 and a low estimate of $0.1, while EPS last year was -$0.25. The consensus estimate for the next quarter is $0.3, with high estimates of $0.42 and low estimates of $0.25.

Analysts are recommending an EPS of between $0.41 and $0.02 for the fiscal current year, implying an average EPS of $0.28. EPS for the following year is $0.69, with 4 analysts recommending between $0.86 and $0.38.

Revenue Estimates

4 analysts predict $257.9M in revenue for the current quarter. It ranges from a high estimate of $265.8M to a low estimate of $250.28M. As of the current estimate, Bowlero Corp.’s year-ago sales were $205.19M, an estimated increase of 25.70% from the year-ago figure. For the next quarter, 4 analysts are estimating revenue of $297.52M, an increase of 15.40% less than the figure of $25.70% in the same quarter last year. There is a high estimate of $299.79M for the next quarter, whereas the lowest estimate is $295.3M.

A total of 5 analysts have provided revenue estimates for BOWL’s current fiscal year. The highest revenue estimate was $1.06B, while the lowest revenue estimate was $1.01B, resulting in an average revenue estimate of $1.03B. In the same quarter a year ago, actual revenue was $911.71M, up 12.70% from the average estimate. Based on 5 analysts’ estimates, the company’s revenue will be $1.1B in the next fiscal year. The high estimate is $1.17B and the low estimate is $1.04B. The average revenue growth estimate for next year is up 7.30% from the average revenue estimate for this year.