Hollywood Bowl Group (LON:BOWL) Hits New 52-Week Low – Here’s Why

Hollywood Bowl Group plc (LON:BOWL)’s stock price hit a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 246.50 ($3.19) and last traded at GBX 249 ($3.22), with a volume of 1570916 shares traded. The stock had previously closed at GBX 252.48 ($3.26).

Analysts Set New Price Targets

Several analysts recently commented on BOWL shares. Shore Capital reiterated a “buy” rating on shares of Hollywood Bowl Group in a research report on Tuesday, February 18th. Berenberg Bank reissued a “buy” rating and issued a GBX 420 ($5.43) price target on shares of Hollywood Bowl Group in a research note on Thursday, November 28th.

Hollywood Bowl Group Price Performance

The company has a debt-to-equity ratio of 143.39, a current ratio of 0.95 and a quick ratio of 1.62. The stock has a 50 day simple moving average of GBX 277.77 and a two-hundred day simple moving average of GBX 303.67. The company has a market cap of £430.07 million, a price-to-earnings ratio of 12.19, a price-to-earnings-growth ratio of 0.87 and a beta of 1.26.

Hollywood Bowl Group (LON:BOWL) last released its quarterly earnings data on Tuesday, December 17th. The company reported GBX 18.82 ($0.24) earnings per share (EPS) for the quarter. Hollywood Bowl Group had a net margin of 15.73% and a return on equity of 23.23%. On average, equities research analysts predict that Hollywood Bowl Group plc will post 22.5511696 earnings per share for the current fiscal year.

Hollywood Bowl Group Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, February 21st. Shareholders of record on Thursday, January 30th were given a GBX 8.08 ($0.10) dividend. The ex-dividend date was Thursday, January 30th. This represents a yield of 2.42%. This is an increase from Hollywood Bowl Group’s previous dividend of $3.98. Hollywood Bowl Group’s payout ratio is currently 63.64%.

Insider Transactions at Hollywood Bowl Group

In other news, insider Ivan Schofield acquired 37,500 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The shares were purchased at an average price of GBX 273 ($3.53) per share, for a total transaction of £102,375 ($132,335.83). Also, insider Peter Boddy bought 40,000 shares of the stock in a transaction that occurred on Thursday, December 19th. The shares were purchased at an average price of GBX 300 ($3.88) per share, with a total value of £120,000 ($155,118.92). In the last ninety days, insiders acquired 121,010 shares of company stock worth $34,615,600. 4.36% 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.