Hollywood Bowl Group (LON:BOWL) Receives “Buy” Rating from Shore Capital Group

Shore Capital Group restated their buy rating on shares of Hollywood Bowl Group (LON:BOWL) in a report issued on Friday morning,Digital Look reports. They currently have a GBX 350 price objective on the stock.

Several other brokerages also recently weighed in on BOWL. Berenberg Bank raised their price target on Hollywood Bowl Group from GBX 440 to GBX 450 and gave the stock a “buy” rating in a report on Wednesday, May 27th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 376 price objective on shares of Hollywood Bowl Group in a research report on Thursday, May 28th. Finally, Royal Bank Of Canada lowered their target price on shares of Hollywood Bowl Group from GBX 420 to GBX 415 and set an “outperform” rating for the company in a research note on Monday, June 1st. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of GBX 397.75.

Hollywood Bowl Group Stock Performance

Shares of BOWL opened at GBX 282.50 on Friday. Hollywood Bowl Group has a 12 month low of GBX 227.50 and a 12 month high of GBX 312. The stock has a fifty day moving average price of GBX 275.18 and a 200-day moving average price of GBX 266.36. The company has a current ratio of 0.71, a quick ratio of 1.62 and a debt-to-equity ratio of 149.86. The firm has a market cap of £473.60 million, a PE ratio of 14.23, a P/E/G ratio of 0.87 and a beta of 0.36.

Hollywood Bowl Group (LON:BOWL) last posted its quarterly earnings data on Wednesday, May 27th. The company reported GBX 14.51 earnings per share for the quarter. Hollywood Bowl Group had a return on equity of 21.75% and a net margin of 12.75%.The firm had revenue of £141.54 million during the quarter. Equities research analysts predict that Hollywood Bowl Group will post 22.5511696 earnings per share for the current fiscal year.

Hollywood Bowl Group announced that its Board of Directors has approved a stock repurchase plan on Wednesday, July 1st that allows the company to buyback 0 shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

Insider Activity at Hollywood Bowl Group

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

About Hollywood Bowl Group

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.