Hollywood Bowl Group (LON:BOWL) Stock Rating Reaffirmed as “Buy” by Berenberg Bank

Hollywood Bowl Group (LON:BOWL)‘s stock had its “buy” rating restated by research analysts at Berenberg Bank in a research note issued to investors on Wednesday, October 7th, Digital Look reports. They presently have a GBX 450 price target on the stock. Berenberg Bank’s price target suggests a potential upside of 76.47% from the company’s previous close.

Separately, Shore Capital Group reiterated a “buy” rating and set a GBX 350 target price on shares of Hollywood Bowl Group in a report on Friday, July 10th. Four investment analysts have rated the stock with a Buy rating. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of GBX 397.75.

Hollywood Bowl Group Stock Down 0.4%

LON BOWL traded down GBX 1 during trading hours on Wednesday, hitting GBX 255. The company had a trading volume of 258,137 shares, compared to its average volume of 1,979,356. The firm’s 50 day moving average is GBX 263.50 and its 200 day moving average is GBX 269.13. The company has a debt-to-equity ratio of 149.86, a current ratio of 0.71 and a quick ratio of 1.62. 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 market capitalization of £424.86 million, a price-to-earnings ratio of 12.85, a P/E/G ratio of 0.87 and a beta of 0.36.

Hollywood Bowl Group declared that its board has approved a share repurchase program on Wednesday, July 1st that permits the company to buy back 0 shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Share buyback programs are often an indication that the company’s board believes its stock is undervalued.

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.