Hollywood Bowl Group (LON:BOWL) Share Price Passes Below 50 Day Moving Average – Here’s What Happened

Hollywood Bowl Group plc (LON:BOWL)’s share price crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 282.89 and traded as low as GBX 274.50. Hollywood Bowl Group shares last traded at GBX 279.50, with a volume of 544,437 shares traded.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Berenberg Bank reaffirmed a “buy” rating and set a GBX 450 target price on shares of Hollywood Bowl Group in a research note on Friday, August 7th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 376 target price on shares of Hollywood Bowl Group in a research report on Thursday, May 28th. 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. Finally, Royal Bank Of Canada reduced their price target on shares of Hollywood Bowl Group from GBX 420 to GBX 415 and set an “outperform” rating for the company in a report on Monday, June 1st. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Hollywood Bowl Group has a consensus rating of “Buy” and an average price target of GBX 397.75.

Hollywood Bowl Group Stock Performance

The stock has a market cap of £466.01 million, a price-to-earnings ratio of 14.08, a P/E/G ratio of 0.87 and a beta of 0.36. The company’s fifty day simple moving average is GBX 282.89 and its two-hundred day simple moving average is GBX 269.24. The company has a debt-to-equity ratio of 149.86, a current ratio of 0.71 and a quick ratio of 1.62.

Hollywood Bowl Group (LON:BOWL) last issued its quarterly earnings data on Wednesday, May 27th. The company reported GBX 14.51 earnings per share (EPS) for the quarter. The firm had revenue of £141.54 million during the quarter. Hollywood Bowl Group had a net margin of 12.75% and a return on equity of 21.75%. On average, analysts forecast that Hollywood Bowl Group plc will post 22.5511696 earnings per share for the current year.

Hollywood Bowl Group declared that its Board of Directors has authorized a stock buyback plan on Wednesday, July 1st that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board believes its shares are undervalued.

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.