Bowlero Corp.: Stay Buy Rated As Growth Initiatives Worked Out Well [Seeking Alpha]
Bowlero Corp. Class A (BOWL)
Company Research
Source: Seeking Alpha
I maintain a buy rating for Bowlero Corp. (BOWL) due to its successful growth initiatives. BOWL's Q4 revenue grew 18.6%, driven by same-center sales and new centers, with strong performance in group events, walk-in retail, and league revenues. Growth initiatives like enhanced summer passes, upgraded amusement offerings, and improved food menus have significantly boosted customer satisfaction and wallet share. Klaus Vedfelt Summary Following my coverage on Bowlero Corp. ( NYSE: BOWL ) in May '24, for which I recommended a buy rating due to my expectation that the business would continue to grow robustly given the multiple growth drivers, this post is to provide an update on my thoughts on the business and stock. I remain buy-rated for BOWL given the success seen with its growth initiatives. However, I note that my price target has been revised downwards to reflect the slower than expected growth rate (vs. my previous model). Investment thesis Yesterday, BOWL released its
Show less
Read more
Impact Snapshot
Event Time:
BOWL
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
BOWL alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
BOWL alerts
High impacting Bowlero Corp. Class A news events
Weekly update
A roundup of the hottest topics
BOWL
News
- Bowlero Expands With New Lucky Strike Locations in Colorado [Yahoo! Finance]Yahoo! Finance
- Bowlero Corp. Opens Two New Lucky Strike Locations in ColoradoBusiness Wire
- Topgolf Callaway Earnings: What To Look For From MODG [Yahoo! Finance]Yahoo! Finance
- Wall Street Analysts See a 47.66% Upside in Bowlero (BOWL): Can the Stock Really Move This High? [Yahoo! Finance]Yahoo! Finance
- Bowlero Corp. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next [Yahoo! Finance]Yahoo! Finance
BOWL
Sec Filings
- 11/7/24 - Form 8-K
- 11/4/24 - Form 10-Q
- 11/4/24 - Form 8-K
- BOWL's page on the SEC website