Hollywood Bowl Group (LON:BOWL) Stock Passes Below 50 Day Moving Average – Here’s Why

Shares of Hollywood Bowl Group plc (LON:BOWL) passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 256.30 and traded as low as GBX 237. Hollywood Bowl Group shares last traded at GBX 242.50, with a volume of 981,572 shares trading hands.

Analysts Set New Price Targets

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 440 target price on shares of Hollywood Bowl Group in a report on Monday, January 19th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of GBX 400.

Hollywood Bowl Group Trading Down 1.4%

The company has a quick ratio of 1.62, a current ratio of 0.61 and a debt-to-equity ratio of 155.86. The company’s 50 day moving average price is GBX 255.65 and its two-hundred day moving average price is GBX 265.60. The firm has a market cap of £404.03 million, a PE ratio of 12.02, a P/E/G ratio of 0.87 and a beta of 0.23.

Insider Buying and Selling

In other Hollywood Bowl Group news, insider Stephen Burns bought 1,481 shares of the business’s stock in a transaction dated Friday, March 6th. The shares were purchased at an average price of GBX 243 per share, with a total value of £3,598.83. Also, insider Melanie Dickinson bought 2,222 shares of the business’s stock in a transaction dated Friday, March 6th. The shares were acquired at an average cost of GBX 243 per share, for a total transaction of £5,399.46. In the last ninety days, insiders have bought 4,703 shares of company stock valued at $1,159,829 and have sold 337,043 shares valued at $88,008,421. 3.69% of the stock is currently owned by corporate insiders.

About Hollywood Bowl Group

Hollywood Bowl Group plc is a leading international leisure operator of ten-pin bowling and mini-golf centres, bringing families and friends together for affordable fun and safe, healthy competition.

Our unique purpose-led culture and proven investment-led strategy are enabling us to capitalise on the significant growth opportunities in the markets we operate in, and achieve strong returns on capital invested.

We are market leader in the UK and Canada, and one of the largest operators of ten-pin bowling centres in the world.