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
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News
- How birria took over restaurant menus across the country [CNBC]CNBC
- Why Is Bowlero (BOWL) Stock Rocketing Higher Today [Yahoo! Finance]Yahoo! Finance
- BOWL Q2 Loss Wider Than Expected, Revenues Surpass Estimates [Yahoo! Finance]Yahoo! Finance
- Why Bowlero Stock Jumped Up on a Down Day for the Stock Market [Yahoo! Finance]Yahoo! Finance
- Futures Slide Ahead Of Critical Jobs Report [zero hedge]zero hedge
BOWL
Sec Filings
- 9/18/24 - Form 4
- 9/18/24 - Form 4
- 9/9/24 - Form 4
- BOWL's page on the SEC website