Hollywood Bowl Group (LON:BOWL) Stock Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Hollywood Bowl Group plc (LON:BOWL)’s share price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 270.04 and traded as low as GBX 263. Hollywood Bowl Group shares last traded at GBX 264.50, with a volume of 1,377,203 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Shore Capital Group restated a “buy” rating and issued a GBX 350 price target on shares of Hollywood Bowl Group in a research note on Friday, July 10th. Berenberg Bank reiterated a “buy” rating and set a GBX 450 price objective on shares of Hollywood Bowl Group in a research report on Friday, August 7th. Royal Bank Of Canada reduced their price objective on Hollywood Bowl Group from GBX 420 to GBX 415 and set an “outperform” rating for the company in a research report on Monday, June 1st. Finally, 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. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Hollywood Bowl Group has a consensus rating of “Buy” and an average price target of GBX 397.75.

Hollywood Bowl Group Trading Down 6.0%

The business’s 50 day moving average is GBX 282.35 and its two-hundred day moving average is GBX 270.04. The company has a quick ratio of 1.62, a current ratio of 0.71 and a debt-to-equity ratio of 149.86. The firm has a market capitalization of £440.66 million, a P/E ratio of 13.32, a PEG ratio of 0.87 and a beta of 0.36.

Hollywood Bowl Group declared that its Board of Directors has initiated a share buyback plan on Wednesday, July 1st that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

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.