Hollywood Bowl Group (LON:BOWL) Stock Price Passes Above 50-Day Moving Average – Here’s What Happened

Shares of Hollywood Bowl Group plc (LON:BOWL) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 285.58 and traded as high as GBX 287. Hollywood Bowl Group shares last traded at GBX 281.01, with a volume of 469,206 shares.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Berenberg Bank reissued a “buy” rating and issued a GBX 450 target price on shares of Hollywood Bowl Group in a report on Friday, August 7th. 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. Shore Capital Group reaffirmed a “buy” rating and set a GBX 350 target price on shares of Hollywood Bowl Group in a report on Friday, July 10th. Finally, Royal Bank Of Canada decreased their price target on shares of Hollywood Bowl Group from GBX 420 to GBX 415 and set an “outperform” rating on the stock in a research report on Monday, June 1st. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Hollywood Bowl Group has an average rating of “Buy” and an average price target of GBX 397.75.

Hollywood Bowl Group Price Performance

The firm has a 50 day moving average of GBX 285.58 and a 200-day moving average of GBX 268.36. The company has a current ratio of 0.71, a quick ratio of 1.62 and a debt-to-equity ratio of 149.86. The company has a market cap of £468.53 million, a P/E ratio of 14.16, a P/E/G ratio of 0.87 and a beta of 0.36.

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

Hollywood Bowl Group declared that its board has authorized a stock buyback plan on Wednesday, July 1st that authorizes the company to buyback 0 shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

Insider Transactions at Hollywood Bowl Group

In other Hollywood Bowl Group news, insider Ivan Schofield sold 53,391 shares of the business’s stock in a transaction on Friday, May 29th. The shares were sold at an average price of GBX 310, for a total value of £165,512.10. Corporate insiders own 3.52% 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.