Last Updated: 16 Sep 2024
Executive Summary
Bowlero Corp (NYSE: BOWL) is a leading operator of bowling centers in the United States. The company has a market capitalization of $1.75 billion and is currently trading at $12.13 per share. Bowlero has a strong financial position with positive EBITDA and a growing revenue base. The company is expected to continue to grow in the future, driven by its expansion plans and the increasing popularity of bowling.
Company Overview
Bowlero Corp was founded in 2013 and is headquartered in Mechanicsville, Virginia. The company operates over 300 bowling centers in the United States and Canada. Bowlero also owns and operates the Professional Bowlers Association (PBA). The company's bowling centers offer a variety of amenities, including bowling lanes, arcade games, and food and beverage service.
Fundamental Analysis
Bowlero Corp has a strong financial position. The company has positive EBITDA and a growing revenue base. In the most recent quarter, Bowlero reported revenue of $115.5 million and EBITDA of $28.1 million. The company's revenue has grown by 0.186% over the past year. Bowlero's profit margin is -0.0724%, and its operating margin is 0.0829%. The company's return on assets is 0.032%, and its return on equity is -0.669%.
Technical Analysis
Bowlero Corp's stock price has been trending upwards in recent months. The stock is currently trading above its 50-day and 200-day moving averages. The stock's relative strength index (RSI) is 58.27, which indicates that the stock is overbought.
Short Term Outlook
Bowlero Corp's stock price is expected to continue to rise in the short term. The company has a strong financial position and is expected to continue to grow in the future. The stock's RSI is overbought, which could lead to a pullback in the short term. However, the stock's long-term outlook is positive.
Long Term Outlook
Bowlero Corp's long-term outlook is positive. The company is expected to continue to grow in the future, driven by its expansion plans and the increasing popularity of bowling. The company's stock price is expected to rise over the long term.
Analyst Recommendations
Analysts are bullish on Bowlero Corp. The consensus analyst rating is "Buy." The average analyst target price is $17.83, which represents a potential upside of 47.1% from the current price.
