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

Hollywood Bowl Group plc (LON:BOWL) crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 253.82 and traded as low as GBX 246. Hollywood Bowl Group shares last traded at GBX 254, with a volume of 279,358 shares changing hands.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on BOWL. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 376 price target on shares of Hollywood Bowl Group in a research note on Thursday, April 16th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 440 price target on shares of Hollywood Bowl Group in a research note on Monday, January 19th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Hollywood Bowl Group presently has an average rating of “Buy” and an average target price of GBX 394.

Hollywood Bowl Group Trading Down 0.4%

The firm has a market capitalization of £425.81 million, a P/E ratio of 12.61, a price-to-earnings-growth ratio of 0.87 and a beta of 0.32. The company has a debt-to-equity ratio of 155.86, a quick ratio of 1.62 and a current ratio of 0.61. The firm has a 50 day moving average price of GBX 253.82 and a two-hundred day moving average price of GBX 265.92.

Insider Transactions at Hollywood Bowl Group

In other Hollywood Bowl Group news, insider Melanie Dickinson bought 2,222 shares of Hollywood Bowl Group stock in a transaction dated Friday, March 6th. The stock was bought at an average price of GBX 243 per share, for a total transaction of £5,399.46. Also, insider Asheeka Hyde bought 1,000 shares of Hollywood Bowl Group stock in a transaction dated Friday, February 13th. The stock was acquired at an average price of GBX 260 per share, with a total value of £2,600. Insiders purchased a total of 4,703 shares of company stock valued at $1,159,829 in the last three months. 3.56% of the stock is currently owned by corporate insiders.

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.