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

Hollywood Bowl Group plc (LON:BOWL)’s stock price crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 264.85 and traded as low as GBX 248.50. Hollywood Bowl Group shares last traded at GBX 248.50, with a volume of 180,620 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 440 price target on shares of Hollywood Bowl Group in a report on Monday, January 19th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of GBX 400.

Hollywood Bowl Group Trading Up 0.4%

The company has a current ratio of 0.61, a quick ratio of 1.62 and a debt-to-equity ratio of 155.86. The stock has a 50-day simple moving average of GBX 264.85 and a two-hundred day simple moving average of GBX 266.53. The firm has a market capitalization of £414.63 million, a P/E ratio of 12.34, a price-to-earnings-growth ratio of 0.87 and a beta of 0.23.

Hollywood Bowl Group (LON:BOWL) last posted its quarterly earnings results on Tuesday, December 16th. The company reported GBX 21.51 earnings per share (EPS) for the quarter. Hollywood Bowl Group had a return on equity of 22.81% and a net margin of 13.81%. On average, equities research analysts anticipate that Hollywood Bowl Group plc will post 22.5511696 earnings per share for the current year.

Insider Activity at Hollywood Bowl Group

In other Hollywood Bowl Group news, insider Melanie Dickinson acquired 2,222 shares of the stock in a transaction that occurred on Friday, March 6th. The stock was bought at an average cost of GBX 243 per share, with a total value of £5,399.46. Also, insider Asheeka Hyde acquired 1,000 shares of the stock in a transaction that occurred on Friday, February 13th. The stock was acquired at an average cost of GBX 260 per share, with a total value of £2,600. Over the last three months, insiders bought 4,703 shares of company stock worth $1,159,829 and sold 337,043 shares worth $88,008,421. 3.69% of the stock is currently owned by corporate insiders.

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.