Hollywood Bowl Group (LON:BOWL) Stock Keeps “Buy” Rating at Berenberg Bank

Hollywood Bowl Group (LON:BOWL)‘s stock had its “buy” rating reaffirmed by investment analysts at Berenberg Bank in a note issued to investors on Tuesday, Marketbeat reports. They presently have a GBX 450 price target on the stock. Berenberg Bank’s price objective would indicate a potential upside of 81.09% from the stock’s previous close.

Several other research firms have also recently commented on BOWL. Shore Capital Group reaffirmed a “buy” rating and issued a GBX 350 price target on shares of Hollywood Bowl Group in a report on Friday, July 10th. Royal Bank Of Canada lowered their price objective on Hollywood Bowl Group from GBX 420 to GBX 415 and set an “outperform” rating on the stock in a research note on Monday, June 1st. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of GBX 397.75.

Hollywood Bowl Group Price Performance

BOWL stock opened at GBX 248.50 on Tuesday. 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 50-day moving average of GBX 268.58 and a two-hundred day moving average of GBX 268.65. Hollywood Bowl Group has a 12 month low of GBX 227.50 and a 12 month high of GBX 312. The company has a market cap of £414.01 million, a price-to-earnings ratio of 12.52, a PEG ratio of 0.87 and a beta of 0.36.

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.

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.