Bowlero Corp.: Stay Buy Rated As Growth Initiatives Worked Out Well
BOWLBowlero (BOWL) Seeking Alpha·2024-09-06 23:01
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 pre ...