Hollywood Bowl Group (LON:BOWL) Stock Price Up 14.3% – Here’s Why

Hollywood Bowl Group plc (LON:BOWL) shares rose 14.3% on Wednesday . The stock traded as high as GBX 299.50 and last traded at GBX 297.15. Approximately 4,527,348 shares were traded during trading, an increase of 166% from the average daily volume of 1,702,740 shares. The stock had previously closed at GBX 260.

Wall Street Analysts Forecast Growth

BOWL has been the topic of several research reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 376 price objective on shares of Hollywood Bowl Group in a research note on Thursday, April 16th. Shore Capital Group reiterated a “buy” rating and set a GBX 325 price objective on shares of Hollywood Bowl Group in a research note on Wednesday. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Hollywood Bowl Group presently has an average rating of “Buy” and an average target price of GBX 390.25.

Hollywood Bowl Group Price Performance

The company has a debt-to-equity ratio of 155.86, a current ratio of 0.61 and a quick ratio of 1.62. The company has a 50-day simple moving average of GBX 252.41 and a two-hundred day simple moving average of GBX 263.74. The stock has a market capitalization of £502.92 million, a price-to-earnings ratio of 14.90, a price-to-earnings-growth ratio of 0.87 and a beta of 0.34.

Hollywood Bowl Group (LON:BOWL) last issued its earnings results on Wednesday, May 27th. The company reported GBX 14.51 earnings per share for the quarter. Hollywood Bowl Group had a return on equity of 22.81% and a net margin of 13.81%.The firm had revenue of £141.54 million for the quarter. On average, equities research analysts predict that Hollywood Bowl Group plc will post 22.5511696 earnings per share for the current year.

Insider Activity at Hollywood Bowl Group

In other news, insider Stephen Burns purchased 1,481 shares of the company’s stock in a transaction on Friday, March 6th. The shares were bought at an average price of GBX 243 per share, for a total transaction of £3,598.83. Also, insider Melanie Dickinson purchased 2,222 shares of the company’s stock in a transaction on Friday, March 6th. The stock was purchased at an average price of GBX 243 per share, for a total transaction of £5,399.46. 3.56% of the stock is currently owned by company 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.