Berenberg Bank Reaffirms “Buy” Rating for Hollywood Bowl Group (LON:BOWL)

Hollywood Bowl Group (LON:BOWL)‘s stock had its “buy” rating reiterated by research analysts at Berenberg Bank in a report issued on Wednesday, Digital Look reports. They presently have a GBX 450 price objective on the stock. Berenberg Bank’s price target indicates a potential upside of 78.93% from the company’s current price.

Separately, 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. Four equities research analysts have rated the stock with a Buy rating. According to MarketBeat, Hollywood Bowl Group presently has a consensus rating of “Buy” and an average price target of GBX 397.75.

Hollywood Bowl Group Price Performance

BOWL stock opened at GBX 251.50 on Wednesday. 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’s fifty day moving average is GBX 264.86 and its 200 day moving average is GBX 268.75. The firm has a market cap of £419.03 million, a PE ratio of 12.67, a P/E/G ratio of 0.87 and a beta of 0.36. Hollywood Bowl Group has a one year low of GBX 227.50 and a one year high of GBX 312.

Hollywood Bowl Group declared that its Board of Directors has initiated a stock buyback plan on Wednesday, July 1st that authorizes the company to buy back 0 outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Share buyback plans are typically a sign that the company’s board of directors believes its stock is undervalued.

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.