Added to YB: 2024-09-18
Pitch date: 2024-09-16
BOWL [bearish]
Bowlero Corp.
-2.26%
current return
Author Info
The Lion's Roar is searching for the next long/short idea. Primarily US, SMID cap focused, but looking for value everywhere. Sign up for the newsletter.
Company Info
Bowlero Corp. operates location-based entertainment business under the AMF, Bowlero, and Lucky Strike brand names.
Market Cap
$1.8B
Pitch Price
$12.37
Price Target
4.20 (-65%)
Dividend
1.83%
Sector
Hotels, Restaurants and Leisure
Category
value
Bowlero Corp. - $BOWL
BOWL short: Risky roll-up in declining bowling industry. High debt, fixed costs, misaligned incentives. Waning popularity, aggressive expansion. EBITDA focus misleading. High leverage risky. Mgmt trust issues, accounting games. 3-yr PT $4.20 (-65%). 42x FY27 P/E vs. street 18x.
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