Hollywood Bowl Group’s (BOWL) “Buy” Rating Reiterated at Berenberg Bank

Berenberg Bank restated their buy rating on shares of Hollywood Bowl Group (LON:BOWL) in a report published on Tuesday morning, Marketbeat.com reports. Berenberg Bank currently has a GBX 450 price objective on the stock.

A number of other analysts have also recently commented on BOWL. 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. Shore Capital Group reissued a “buy” rating and set a GBX 350 price objective on shares of Hollywood Bowl Group in a report on Friday, July 10th. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat, Hollywood Bowl Group currently has a consensus rating of “Buy” and an average target price of GBX 397.75.

Hollywood Bowl Group Price Performance

Shares of BOWL stock opened at GBX 246 on Tuesday. Hollywood Bowl Group has a fifty-two week low of GBX 227.50 and a fifty-two week high of GBX 312. 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 firm has a market capitalization of £409.84 million, a price-to-earnings ratio of 12.39, a PEG ratio of 0.87 and a beta of 0.36. The stock’s 50-day simple moving average is GBX 269.28 and its 200-day simple moving average is GBX 268.65.

Hollywood Bowl Group announced that its board has approved a stock buyback program on Wednesday, July 1st that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management 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.