Hollywood Bowl Group (LON:BOWL) Stock Crosses Above 50-Day Moving Average – Here’s Why

Hollywood Bowl Group plc (LON:BOWL)’s stock price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 287.10 and traded as high as GBX 292.50. Hollywood Bowl Group shares last traded at GBX 292.50, with a volume of 479,645 shares trading hands.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Berenberg Bank lifted 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 set a GBX 376 price target on shares of Hollywood Bowl Group in a report on Thursday, May 28th. Shore Capital Group reaffirmed a “buy” rating and issued a GBX 350 price objective on shares of Hollywood Bowl Group in a research note on Friday, July 10th. Finally, Royal Bank Of Canada cut their target price on shares of 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. Four analysts have rated the stock with a Buy rating, According to MarketBeat, Hollywood Bowl Group presently has an average rating of “Buy” and an average target price of GBX 397.75.

Hollywood Bowl Group Stock 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 company has a 50 day moving average price of GBX 287.10 and a 200 day moving average price of GBX 268.04. The company has a market capitalization of £487.85 million, a price-to-earnings ratio of 14.66, a P/E/G ratio of 0.87 and a beta of 0.36.

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

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

Insider Activity

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

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.