Hollywood Bowl Group’s (BOWL) Buy Rating Reiterated at Berenberg Bank

Berenberg Bank restated their buy rating on shares of Hollywood Bowl Group (LON:BOWL) in a research report report published on Wednesday,Digital Look reports. The firm currently has a GBX 450 price target on the stock.

Separately, Shore Capital Group reiterated a “buy” rating and set a GBX 350 price objective on shares of Hollywood Bowl Group in a research note on Friday, July 10th. Four research analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, Hollywood Bowl Group presently has an average rating of “Buy” and an average price target of GBX 397.75.

Hollywood Bowl Group Stock Performance

LON:BOWL opened at GBX 251.50 on Wednesday. Hollywood Bowl Group has a one year low of GBX 227.50 and a one year 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 firm has a market cap of £419.03 million, a P/E ratio of 12.67, a P/E/G ratio of 0.87 and a beta of 0.36. The firm has a 50-day simple moving average of GBX 264.86 and a 200-day simple moving average of GBX 268.75.

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