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

Hollywood Bowl Group plc (LON:BOWL) crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 267.96 and traded as low as GBX 252.50. Hollywood Bowl Group shares last traded at GBX 255, with a volume of 6,649,790 shares changing hands.

Analyst Ratings Changes

A number of brokerages have recently commented on BOWL. Berenberg Bank reaffirmed a “buy” rating and set a GBX 440 price target on shares of Hollywood Bowl Group in a research report on Monday, January 19th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 420 price objective on shares of Hollywood Bowl Group in a report on Tuesday, November 4th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of GBX 400.

Hollywood Bowl Group Stock Performance

The company has a 50-day moving average price of GBX 267.96 and a two-hundred day moving average price of GBX 266.42. The stock has a market capitalization of £424.64 million, a P/E ratio of 12.64, a PEG ratio of 0.87 and a beta of 0.22. The company has a quick ratio of 1.62, a current ratio of 0.61 and a debt-to-equity ratio of 155.86.

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

Insider Buying and Selling

In other Hollywood Bowl Group news, insider Asheeka Hyde bought 1,000 shares of the firm’s stock in a transaction on Friday, February 13th. The shares were acquired at an average cost of GBX 260 per share, for a total transaction of £2,600. Also, insider Stephen Burns sold 158,472 shares of the firm’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of GBX 259, for a total value of £410,442.48. Over the last quarter, insiders have sold 337,043 shares of company stock worth $88,008,421. Corporate insiders own 3.56% of the company’s stock.

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.