Hollywood Bowl Group (LON:BOWL) Given “Buy” Rating at Shore Capital Group

Hollywood Bowl Group (LON:BOWL)‘s stock had its “buy” rating reiterated by Shore Capital Group in a research note issued to investors on Friday,Digital Look reports. They presently have a GBX 350 target price on the stock. Shore Capital Group’s price target suggests a potential upside of 24.56% from the stock’s current price.

BOWL has been the topic of a number of other reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 376 price objective on shares of Hollywood Bowl Group in a report on Thursday, May 28th. Royal Bank Of Canada decreased their price objective on shares of Hollywood Bowl Group from GBX 420 to GBX 415 and set an “outperform” rating for the company in a research note on Monday, June 1st. Finally, Berenberg Bank upped their price objective on shares of Hollywood Bowl Group from GBX 440 to GBX 450 and gave the company a “buy” rating in a report on Wednesday, May 27th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of GBX 397.75.

Hollywood Bowl Group Price Performance

LON BOWL opened at GBX 281 on Friday. The company has a debt-to-equity ratio of 149.86, a current ratio of 0.71 and a quick ratio of 1.62. The stock’s fifty day moving average price is GBX 274.57 and its 200 day moving average price is GBX 266.24. Hollywood Bowl Group has a 1 year low of GBX 227.50 and a 1 year high of GBX 312. The company has a market cap of £471.09 million, a price-to-earnings ratio of 14.16, a PEG ratio of 0.87 and a beta of 0.36.

Hollywood Bowl Group (LON:BOWL) last issued its earnings results on Wednesday, May 27th. The company reported GBX 14.51 earnings per share (EPS) for the quarter. Hollywood Bowl Group had a return on equity of 21.75% and a net margin of 12.75%.The company had revenue of £141.54 million during the quarter. As a group, equities research analysts forecast that Hollywood Bowl Group will post 22.5511696 earnings per share for the current year.

Hollywood Bowl Group announced that its Board of Directors has authorized a stock repurchase program on Wednesday, July 1st that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

Insider Buying and Selling at Hollywood Bowl Group

In other news, insider Ivan Schofield sold 53,391 shares of the business’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of GBX 310, for a total value of £165,512.10. Insiders own 3.56% of the company’s stock.

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.