Hollywood Bowl Group (LON:BOWL) Stock Crosses Above Fifty Day Moving Average – Time to Sell?

Hollywood Bowl Group plc (LON:BOWL) shares crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 285.58 and traded as high as GBX 287. Hollywood Bowl Group shares last traded at GBX 281.01, with a volume of 469,206 shares trading hands.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on BOWL shares. Royal Bank Of Canada dropped their price target on shares of Hollywood Bowl Group from GBX 420 to GBX 415 and set an “outperform” rating on the stock in a research note on Monday, June 1st. Berenberg Bank restated a “buy” rating and set a GBX 450 target price on shares of Hollywood Bowl Group in a research note on Friday, August 7th. Shore Capital Group reaffirmed a “buy” rating and set a GBX 350 target price on shares of Hollywood Bowl Group in a research report on Friday, July 10th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 376 target price on shares of Hollywood Bowl Group in a research report on Thursday, May 28th. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of GBX 397.75.

Hollywood Bowl Group Trading Up 0.4%

The company has a market cap of £468.53 million, a price-to-earnings ratio of 14.16, a price-to-earnings-growth ratio of 0.87 and a beta of 0.36. The firm has a 50-day moving average price of GBX 285.58 and a 200 day moving average price of GBX 268.36. The company has a current ratio of 0.71, a quick ratio of 1.62 and a debt-to-equity ratio of 149.86.

Hollywood Bowl Group (LON:BOWL) last posted its quarterly earnings results on Wednesday, May 27th. The company reported GBX 14.51 earnings per share (EPS) for the quarter. The business had revenue of £141.54 million for the quarter. Hollywood Bowl Group had a return on equity of 21.75% and a net margin of 12.75%. As a group, 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 approved a share repurchase program on Wednesday, July 1st that allows the company to repurchase 0 shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Insiders Place Their Bets

In other Hollywood Bowl Group news, insider Ivan Schofield sold 53,391 shares of the stock in a transaction 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 currently owned by insiders.

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.