Hollywood Bowl Group (LON:BOWL) Sets New 12-Month High – Here’s What Happened

by · The Markets Daily

Hollywood Bowl Group plc (LON:BOWL – Get Free Report) shares reached a new 52-week high on Tuesday. The stock traded as high as GBX 357.98 and last traded at GBX 256.67, with a volume of 693,405 shares trading hands. The stock had previously closed at GBX 255.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on BOWL. Shore Capital Group reiterated a “buy” rating and issued a GBX 350 price target on shares of Hollywood Bowl Group in a report on Friday, July 10th. Berenberg Bank restated a “buy” rating and set a GBX 450 target price on shares of Hollywood Bowl Group in a research report on Wednesday, October 7th. Four analysts have rated the stock with a Buy rating. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of GBX 397.75.

Check Out Our Latest Analysis on BOWL

Hollywood Bowl Group Trading Up 0.7%

The stock has a market cap of £427.64 million, a P/E ratio of 12.93, a P/E/G ratio of 0.87 and a beta of 0.36. The company has a current ratio of 0.71, a quick ratio of 1.62 and a debt-to-equity ratio of 149.86. The company has a 50-day moving average price of GBX 264.14 and a two-hundred day moving average price of GBX 269.03.

Hollywood Bowl Group announced that its Board of Directors has initiated a share repurchase program on Wednesday, July 1st that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.

Hollywood Bowl Group Company Profile

(Get Free Report)

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.

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