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

Shares of Hollywood Bowl Group plc (LON:BOWL) passed below its fifty day moving average during trading on Friday . The stock has a fifty 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 trading hands.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Berenberg Bank reiterated a “buy” rating and issued a GBX 450 price objective on shares of Hollywood Bowl Group in a report on Friday, August 7th. Shore Capital Group restated a “buy” rating and issued a GBX 350 price target on shares of Hollywood Bowl Group in a research report on Friday, July 10th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 376 target price on shares of Hollywood Bowl Group in a research report on Thursday, May 28th. Finally, Royal Bank Of Canada reduced their price target on Hollywood Bowl Group from GBX 420 to GBX 415 and set an “outperform” rating on the stock in a research report on Monday, June 1st. Four analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of GBX 397.75.

Hollywood Bowl Group Stock Up 0.2%

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 company has a market cap of £466.01 million, a P/E ratio of 14.08, a price-to-earnings-growth ratio of 0.87 and a beta of 0.36. The firm’s 50 day moving average price is GBX 282.89 and its two-hundred day moving average price is GBX 269.24.

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

Hollywood Bowl Group declared that its Board of Directors has authorized a share repurchase program on Wednesday, July 1st that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s leadership 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.