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

Berenberg Bank reiterated their buy rating on shares of Hollywood Bowl Group (LON:BOWL) in a research note issued to investors on Friday morning, Marketbeat.com reports. Berenberg Bank currently has a GBX 450 price target on the stock.

Several other equities research analysts have also recently commented on BOWL. Royal Bank Of Canada lowered their price target on shares of Hollywood Bowl Group from GBX 420 to GBX 415 and set an “outperform” rating for the company in a research report on Monday, June 1st. Shore Capital Group restated a “buy” rating and issued a GBX 350 price objective on shares of Hollywood Bowl Group in a report on Friday, July 10th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 376 price objective on shares of Hollywood Bowl Group in a research note on Thursday, May 28th. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of GBX 397.75.

Hollywood Bowl Group Trading Down 1.9%

Shares of BOWL opened at GBX 285.50 on Friday. The stock’s fifty day simple moving average is GBX 286.36 and its 200-day simple moving average is GBX 268.25. The firm has a market capitalization of £476.01 million, a PE ratio of 14.38, a price-to-earnings-growth ratio of 0.87 and a beta of 0.36. Hollywood Bowl Group has a 12-month low of GBX 227.50 and a 12-month high of GBX 312. The company has a quick ratio of 1.62, a current ratio of 0.71 and a debt-to-equity ratio of 149.86.

Hollywood Bowl Group (LON:BOWL) last announced its quarterly earnings data on Wednesday, May 27th. The company reported GBX 14.51 EPS 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. As a group, research analysts predict that Hollywood Bowl Group will post 22.5511696 earnings per share for the current year.

Hollywood Bowl Group announced that its Board of Directors has approved a share repurchase plan on Wednesday, July 1st that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling at Hollywood Bowl Group

In related news, insider Ivan Schofield sold 53,391 shares of Hollywood Bowl Group stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of GBX 310, for a total transaction of £165,512.10. 3.52% of the stock is owned by corporate insiders.

Hollywood Bowl Group Company Profile

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.