Fintel reports that on April 19, 2023, Jefferies initiated coverage of Bowlero Corp - (NYSE:BOWL) with a Buy recommendation.
Analyst Price Forecast Suggests 30.75% Upside
As of April 7, 2023, the average one-year price target for Bowlero Corp - is $20.53. The forecasts range from a low of $17.17 to a high of $27.30. The average price target represents an increase of 30.75% from its latest reported closing price of $15.70.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Bowlero Corp - is $1,051MM, an increase of 2.12%. The projected annual non-GAAP EPS is $0.29.
What are Other Shareholders Doing?
IWV - iShares Russell 3000 ETF holds 13K shares representing 0.01% ownership of the company. In it's prior filing, the firm reported owning 12K shares, representing an increase of 6.89%. The firm increased its portfolio allocation in BOWL by 2.54% over the last quarter.
USMIX - Extended Market Index Fund holds 11K shares representing 0.01% ownership of the company. In it's prior filing, the firm reported owning 11K shares, representing a decrease of 0.05%. The firm increased its portfolio allocation in BOWL by 7.70% over the last quarter.
IRSIX - Voya RussellTM Small Cap Index Portfolio DV holds 13K shares representing 0.01% ownership of the company. In it's prior filing, the firm reported owning 16K shares, representing a decrease of 22.30%. The firm decreased its portfolio allocation in BOWL by 14.69% over the last quarter.
Ergoteles holds 37K shares representing 0.02% ownership of the company.
Sumitomo Mitsui DS Asset Management Company holds 12K shares representing 0.01% ownership of the company.
What is the Fund Sentiment?
There are 253 funds or institutions reporting positions in Bowlero Corp -. This is an increase of 26 owner(s) or 11.45% in the last quarter. Average portfolio weight of all funds dedicated to BOWL is 0.42%, a decrease of 3.63%. Total shares owned by institutions increased in the last three months by 0.20% to 111,424K shares. 
The put/call ratio of BOWL is 0.75, indicating a bullish outlook.
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.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
