Berenberg Bank Reaffirms “Buy” Rating for Hollywood Bowl Group (LON:BOWL)

Hollywood Bowl Group (LON:BOWL)‘s stock had its “buy” rating restated by Berenberg Bank in a report released on Tuesday, Marketbeat reports. They currently have a GBX 450 price objective on the stock. Berenberg Bank’s price objective would indicate a potential upside of 81.82% from the stock’s current price.

BOWL has been the topic of a number of other reports. Royal Bank Of Canada decreased their price target on 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. Shore Capital Group reissued a “buy” rating and set a GBX 350 target price on shares of Hollywood Bowl Group in a research note on Friday, July 10th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of GBX 397.75.

Hollywood Bowl Group Price Performance

Hollywood Bowl Group stock opened at GBX 247.50 on Tuesday. The company’s 50 day simple moving average is GBX 270 and its 200-day simple moving average is GBX 268.71. The company has a debt-to-equity ratio of 149.86, a quick ratio of 1.62 and a current ratio of 0.71. Hollywood Bowl Group has a 1 year low of GBX 227.50 and a 1 year high of GBX 312. The company has a market capitalization of £412.34 million, a price-to-earnings ratio of 12.47, a price-to-earnings-growth ratio of 0.87 and a beta of 0.36.

Hollywood Bowl Group declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, July 1st that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

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.