Hollywood Bowl Group (LON:BOWL) Given Buy Rating at Berenberg Bank

Hollywood Bowl Group (LON:BOWL)‘s stock had its “buy” rating reaffirmed by equities researchers at Berenberg Bank in a research report issued on Tuesday, Marketbeat Ratings reports. They currently have a GBX 450 price objective on the stock. Berenberg Bank’s price objective suggests a potential upside of 81.09% from the company’s previous close.

BOWL has been the topic of a number of other reports. Royal Bank Of Canada decreased their price target on Hollywood Bowl Group from GBX 420 to GBX 415 and set an “outperform” rating on the stock in a research report on Monday, June 1st. Shore Capital Group reiterated a “buy” rating and issued a GBX 350 price objective on shares of Hollywood Bowl Group in a research report on Friday, July 10th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat, Hollywood Bowl Group presently has an average rating of “Buy” and a consensus price target of GBX 397.75.

Hollywood Bowl Group Price Performance

Shares of LON BOWL traded up GBX 2.50 during mid-day trading on Tuesday, hitting GBX 248.50. 235,080 shares of the stock were exchanged, compared to its average volume of 2,036,575. The company has a market cap of £414.01 million, a P/E ratio of 12.52, a PEG ratio of 0.87 and a beta of 0.36. The stock’s fifty day simple moving average is GBX 268.58 and its two-hundred day simple moving average is GBX 268.51. The company has a debt-to-equity ratio of 149.86, a quick ratio of 1.62 and a current ratio of 0.71. Hollywood Bowl Group has a twelve month low of GBX 227.50 and a twelve month high of GBX 312.

Hollywood Bowl Group declared that its board has authorized a stock repurchase program on Wednesday, July 1st that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is 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.