Hollywood Bowl Group (LON:BOWL) Shares Cross Above 50 Day Moving Average – Here’s Why

Hollywood Bowl Group plc (LON:BOWL) shares passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 287.10 and traded as high as GBX 292.50. Hollywood Bowl Group shares last traded at GBX 292.50, with a volume of 479,645 shares.

Analyst Ratings Changes

Several equities research analysts recently weighed in on BOWL shares. Royal Bank Of Canada dropped their target price on Hollywood Bowl Group from GBX 420 to GBX 415 and set an “outperform” rating for the company in a report on Monday, June 1st. Berenberg Bank upped their price objective on shares of Hollywood Bowl Group from GBX 440 to GBX 450 and gave the stock a “buy” rating in a report on Wednesday, May 27th. Shore Capital Group reiterated a “buy” rating and issued a GBX 350 price target on shares of Hollywood Bowl Group in a research note on Friday, July 10th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 376 price objective on shares of Hollywood Bowl Group in a research report on Thursday, May 28th. Four analysts have rated the stock with a Buy rating, According to MarketBeat.com, Hollywood Bowl Group presently has a consensus rating of “Buy” and an average price target of GBX 397.75.

Hollywood Bowl Group Price Performance

The stock has a market cap of £487.85 million, a PE ratio of 14.66, a PEG ratio of 0.87 and a beta of 0.36. 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 firm has a 50-day moving average of GBX 287.10 and a 200-day moving average of GBX 268.04.

Hollywood Bowl Group (LON:BOWL) last issued 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 for the quarter. Hollywood Bowl Group had a return on equity of 21.75% and a net margin of 12.75%. 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 initiated a share buyback plan on Wednesday, July 1st that allows the company to buyback 0 shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

Insider Transactions at Hollywood Bowl Group

In related news, insider Ivan Schofield sold 53,391 shares of the business’s stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of GBX 310, for a total value of £165,512.10. 3.56% of the stock is currently owned by company insiders.

Hollywood Bowl Group Company Profile

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.