Hollywood Bowl Group (LON:BOWL) Stock Crosses Above 50-Day Moving Average – What’s Next?

Hollywood Bowl Group plc (LON:BOWL) shares 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 traded.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on BOWL. Berenberg Bank reaffirmed a “buy” rating and set a GBX 450 price objective on shares of Hollywood Bowl Group in a research report on Friday. Shore Capital Group reissued a “buy” rating and issued a GBX 350 target price on shares of Hollywood Bowl Group in a research note on Friday, July 10th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 376 price target on shares of Hollywood Bowl Group in a report on Thursday, May 28th. Finally, Royal Bank Of Canada lowered their price target on 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. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of GBX 397.75.

Hollywood Bowl Group Trading Down 1.9%

The stock has a market cap of £476.01 million, a PE ratio of 14.38, a PEG ratio of 0.87 and a beta of 0.36. The company has a quick ratio of 1.62, a current ratio of 0.71 and a debt-to-equity ratio of 149.86. The stock’s fifty day moving average price is GBX 286.36 and its 200 day moving average price is GBX 268.25.

Hollywood Bowl Group (LON:BOWL) last released its quarterly earnings data on Wednesday, May 27th. The company reported GBX 14.51 earnings per share (EPS) for the quarter. Hollywood Bowl Group had a return on equity of 21.75% and a net margin of 12.75%.The business had revenue of £141.54 million for the quarter. On average, sell-side analysts forecast that Hollywood Bowl Group plc will post 22.5511696 EPS for the current year.

Hollywood Bowl Group declared that its board has authorized a stock buyback 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 board of directors believes its shares are undervalued.

Insider Activity

In other news, insider Ivan Schofield sold 53,391 shares of the company’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of GBX 310, for a total transaction of £165,512.10. 3.52% of the stock is currently owned by 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.