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

Hollywood Bowl Group (LON:BOWL)‘s stock had its “buy” rating reissued by stock analysts at Berenberg Bank in a research note issued on Tuesday, Marketbeat reports. They presently have a GBX 450 target price on the stock. Berenberg Bank’s target price suggests a potential upside of 82.93% from the company’s previous close.

Several other equities research analysts have also recently commented on BOWL. Royal Bank Of Canada dropped their price objective on Hollywood Bowl Group from GBX 420 to GBX 415 and set an “outperform” rating on the stock in a research report on Monday, June 1st. Shore Capital Group reissued a “buy” rating and issued a GBX 350 target price on shares of Hollywood Bowl Group in a research report on Friday, July 10th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of GBX 397.75.

Hollywood Bowl Group Stock Down 2.6%

Shares of Hollywood Bowl Group stock traded down GBX 6.50 on Tuesday, reaching GBX 246. The company’s stock had a trading volume of 684,034 shares, compared to its average volume of 2,046,057. Hollywood Bowl Group has a 52 week low of GBX 227.50 and a 52 week high of GBX 312. The firm’s fifty day simple moving average is GBX 269.28 and its two-hundred day simple moving average is GBX 268.65. The company has a quick ratio of 1.62, a current ratio of 0.71 and a debt-to-equity ratio of 149.86. The company has a market capitalization of £409.84 million, a price-to-earnings ratio of 12.39, a P/E/G ratio of 0.87 and a beta of 0.36.

Hollywood Bowl Group declared that its board has initiated a share buyback program on Wednesday, July 1st that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board of directors 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.