5 Stocks to Buy According to Don Morgan’s Brigade Capital

4. Bowlero Corp. (NYSE:BOWL)

Brigade Capital’s Stake Value: $9,531,000
Percentage of Brigade Capital’s 13F Portfolio: 1.06%
Number of Hedge Fund Holders: 18

Bowlero Corp. (NYSE:BOWL) is a media company and owner of bowling alleys that offer cuisine, entertainment, and bowling. In the second quarter of 2022, 18 hedge funds were long Bowlero Corp. (NYSE:BOWL), with a total stake value of $203.96 million. Brigade Capital trimmed its stake in Bowlero Corp. (NYSE:BOWL) by 7% in the second quarter, ending the period with shares worth $9.53 million.

Kevin Heenan, an analyst at JPMorgan, commenced coverage of Bowlero Corp. (NYSE:BOWL) on August 30, assigning the stock an ‘Overweight’ rating and a $17 price target. In a research report, Heenan disclosed to investors that Bowlero Corp. (NYSE:BOWL) held market dominance and leverage in the lucrative bowling sector.