Hollywood Bowl Group (LON:BOWL) Stock Price Crosses Below Fifty Day Moving Average – What’s Next?

Hollywood Bowl Group plc (LON:BOWL)’s share price passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 278.06 and traded as low as GBX 242.50. Hollywood Bowl Group shares last traded at GBX 246.50, with a volume of 571,267 shares traded.

Wall Street Analysts Forecast Growth

BOWL has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 376 price objective on shares of Hollywood Bowl Group in a research report on Thursday, May 28th. Royal Bank Of Canada cut their price target on shares of 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 reaffirmed a “buy” rating and set a GBX 450 price target on shares of Hollywood Bowl Group in a research report on Friday, August 7th. Finally, Shore Capital Group reissued a “buy” rating and set a GBX 350 target price on shares of Hollywood Bowl Group in a research note on Friday, July 10th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Hollywood Bowl Group currently has a consensus rating of “Buy” and an average price target of GBX 397.75.

Hollywood Bowl Group Price Performance

The company has a debt-to-equity ratio of 149.86, a quick ratio of 1.62 and a current ratio of 0.71. The stock has a market cap of £407.34 million, a PE ratio of 12.32, a PEG ratio of 0.87 and a beta of 0.36. The stock’s 50-day moving average is GBX 277.51 and its two-hundred day moving average is GBX 269.36.

Hollywood Bowl Group declared that its board has approved a share repurchase program on Wednesday, July 1st that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s leadership believes its shares are 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.