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

Hollywood Bowl Group (LON:BOWL)‘s stock had its “buy” rating reiterated by analysts at Berenberg Bank in a report released on Tuesday, Marketbeat reports. They presently have a GBX 450 price target on the stock. Berenberg Bank’s price target would suggest a potential upside of 81.09% from the stock’s previous close.

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

Hollywood Bowl Group Price Performance

Shares of BOWL stock traded up GBX 2.50 during trading hours on Tuesday, reaching GBX 248.50. The company had a trading volume of 235,080 shares, compared to its average volume of 2,036,575. Hollywood Bowl Group has a 12-month low of GBX 227.50 and a 12-month high of GBX 312. The company has a debt-to-equity ratio of 149.86, a quick ratio of 1.62 and a current ratio of 0.71. The company has a market capitalization of £414.01 million, a price-to-earnings ratio of 12.52, a PEG ratio of 0.87 and a beta of 0.36. The stock has a fifty day moving average of GBX 269.28 and a 200-day moving average of GBX 268.65.

Hollywood Bowl Group announced that its Board of Directors has initiated a share repurchase program on Wednesday, July 1st that allows the company to buyback 0 shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are 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.