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

Shares of Hollywood Bowl Group plc (LON:BOWL) crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 271.15 ($3.51) and traded as low as GBX 271 ($3.51). Hollywood Bowl Group shares last traded at GBX 272.50 ($3.53), with a volume of 13,767,653 shares.

Analyst Upgrades and Downgrades

BOWL has been the topic of several research analyst reports. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 420 ($5.44) price objective on shares of Hollywood Bowl Group in a research report on Thursday, November 28th. Shore Capital reissued a “buy” rating on shares of Hollywood Bowl Group in a research note on Tuesday, February 18th.

Hollywood Bowl Group Trading Down 0.9 %

The stock’s 50-day moving average price is GBX 271.15 and its 200 day moving average price is GBX 297.92. 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 firm has a market capitalization of £470.66 million, a PE ratio of 13.34, a price-to-earnings-growth ratio of 0.87 and a beta of 1.26.

Hollywood Bowl Group Increases Dividend

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

Insiders Place Their Bets

In related news, insider Ivan Schofield purchased 28,300 shares of the business’s stock in a transaction dated Monday, February 3rd. The shares were acquired at an average cost of GBX 277 ($3.59) per share, for a total transaction of £78,391 ($101,490.16). Also, insider Julia Porter acquired 2,000 shares of the firm’s stock in a transaction that occurred on Monday, January 20th. The shares were bought at an average price of GBX 288 ($3.73) per share, with a total value of £5,760 ($7,457.28). In the last ninety days, insiders bought 97,800 shares of company stock worth $26,392,600. 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.