Bowlero Corp. [BOWL] Insider Activity: An Update for Investors


Bowlero Corp.’s filing revealed that its Director Young John Alan acquired Company’s shares for reported $12375.0 on Jun 01. In the deal valued at $11.25 per share,1,100 shares were bought. As a result of this transaction, Young John Alan now holds 39,868 shares worth roughly $ 0.44 million.

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Then, Young John Alan bought 2,000 shares, generating $22,810 in total proceeds. Upon buying the shares at $11.40, the Director now owns 38,768 shares.

Before that, Lavan Robert M. bought 8,595 shares. Bowlero Corp. shares valued at $98,585 were divested by the Chief Financial Officer at a price of $11.47 per share. As a result of the transaction, Lavan Robert M. now holds 8,595 shares, worth roughly $95060.7.

B. Riley Securities initiated its Bowlero Corp. [BOWL] rating to a Buy in a research note published on Friday, June 02, 2023; the price target was $18. PT values the company’s stock at a premium of 38.56 to its Friday closing price.

Price Performance Review of BOWL

On Friday, Bowlero Corp. [NYSE:BOWL] saw its stock jump 0.55% to $11.06. On the same session, the stock had its day’s lowest price of $11.00, but rose to a high of $11.08. Over the last five days, the stock has gained 1.56%. Bowlero Corp. shares have fallen nearly -17.95% since the year began. Nevertheless, the stocks have fallen -6.43% over the past one year. While a 52-week high of $17.45 was reached on 03/09/23, a 52-week low of $10.22 was recorded on 08/23/23. SMA at 50 days reached $11.36, while 200 days put it at $13.32. A total of 1.0 million shares were traded, compared to the trading of 0.96 million shares in the previous session.

Levels Of Support And Resistance For BOWL Stock

The 24-hour chart illustrates a support level at 11.01, which if violated will result in even more drops to 10.97. On the upside, there is a resistance level at 11.09. A further resistance level may holdings at 11.13. The Relative Strength Index (RSI) on the 14-day chart is 47.46, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.22, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 39.27%. Stochastics %K at 56.20% indicates the stock is a holding.

How much short interest is there in Bowlero Corp.?

A steep rise in short interest was recorded in Bowlero Corp. stocks on Aug 14, 2023, growing by 1.43 million shares to a total of 19.59 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 18.16 million shares. There was a rise of 7.3%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 48.42% of the overall stock float, the days-to-cover ratio (short ratio) rose to 14.02.

Bowlero Corp. [BOWL] – Who Are The Largest Shareholders?

In filings from Atairos Management LP, it is revealed that the company now owns 63,484,324 shares, or roughly 56.34% of the outstanding BOWL shares. In other words, the investor’s shares have risen by 58,536 from its previous 13-F filing of 63425788.0. Additionally, Fidelity Management & Research Co decreased -41.43% of its stake after which the total value it holdings stand at $56,808,732, while The Vanguard Group, Inc. added 12.73% of its stake to hold $47.88 million in the firm. Over the last quarter, Boston Partners Global Investors, purchased 1,952,505 shares of Bowlero Corp., while Alta Fundamental Advisers LLC bought 0 shares. At present, Columbia Management Investment Ad is holding 2,639,018 shares valued at $32.01 million. Telemark Asset Management LLC owned 2,013,846 shares of the company at the time of its most recent 13F filing, worth $24.43 million.

According to FactSet, Bowlero Corp.’s share price will average $20.35 in the next year, based on opinions of analysts polled by the firm. This is up nearly 86.36 percent from its previous closing price of $11.00. Analysts expect Bowlero Corp. stock to reach the higher price of $25.00, while the lowest price estimate is $16.00. However, 10 analysts have rated BOWL stock as a Buy in their predictions for 2023.


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