Hollywood Bowl Group (LON:BOWL) Stock Price Crosses Below 50 Day Moving Average – Here’s What Happened

Shares of Hollywood Bowl Group plc (LON:BOWL) passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 272.61 ($3.52) and traded as low as GBX 258 ($3.33). Hollywood Bowl Group shares last traded at GBX 263 ($3.40), with a volume of 436,290 shares traded.

Analyst Ratings Changes

BOWL has been the topic of several research reports. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 420 ($5.42) price objective on shares of Hollywood Bowl Group in a research report on Thursday, November 28th. Shore Capital reaffirmed a “buy” rating on shares of Hollywood Bowl Group in a research report on Tuesday, February 18th.

Hollywood Bowl Group Trading Up 0.6 %

The firm’s 50-day moving average price is GBX 272.08 and its 200-day moving average price is GBX 299.22. The company has a quick ratio of 1.62, a current ratio of 0.95 and a debt-to-equity ratio of 143.39. The company has a market cap of £463.24 million, a P/E ratio of 13.13, a price-to-earnings-growth ratio of 0.87 and a beta of 1.26.

Hollywood Bowl Group (LON:BOWL) last posted its quarterly earnings results on Tuesday, December 17th. The company reported GBX 18.82 ($0.24) earnings per share (EPS) for the quarter. Hollywood Bowl Group had a net margin of 15.73% and a return on equity of 23.23%. As a group, equities research analysts expect that Hollywood Bowl Group plc will post 22.5511696 earnings per share for the current fiscal year.

Hollywood Bowl Group Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, February 21st. Stockholders of record on Thursday, January 30th were given a GBX 8.08 ($0.10) dividend. The ex-dividend date was Thursday, January 30th. This represents a dividend yield of 2.42%. This is a positive change from Hollywood Bowl Group’s previous dividend of $3.98. Hollywood Bowl Group’s payout ratio is 63.64%.

Insider Activity

In other news, insider Julia Porter bought 2,000 shares of the firm’s stock in a transaction that occurred on Monday, January 20th. The shares were acquired at an average price of GBX 288 ($3.72) per share, with a total value of £5,760 ($7,437.06). Also, insider Darren M. Shapland bought 30,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The shares were purchased at an average cost of GBX 258 ($3.33) per share, for a total transaction of £77,400 ($99,935.44). Insiders have acquired a total of 97,800 shares of company stock valued at $26,392,600 over the last quarter. Company insiders own 4.36% 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.