Hollywood Bowl Group (LON:BOWL) Reaches New 1-Year High on Analyst Upgrade

Hollywood Bowl Group plc (LON:BOWL) shares hit a new 52-week high on Thursday after Berenberg Bank raised their price target on the stock from GBX 440 to GBX 450. Berenberg Bank currently has a buy rating on the stock. Hollywood Bowl Group traded as high as GBX 305.50 and last traded at GBX 305.50, with a volume of 6349810 shares. The stock had previously closed at GBX 300.

Other equities research analysts have also issued reports about the stock. Shore Capital Group reiterated a “buy” rating and issued a GBX 325 price target on shares of Hollywood Bowl Group in a research note on Wednesday. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 376 price objective on shares of Hollywood Bowl Group in a report on Thursday, April 16th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of GBX 392.75.

Insiders Place Their Bets

In other news, insider Melanie Dickinson purchased 2,222 shares of the company’s stock in a transaction on Friday, March 6th. The shares were purchased at an average cost of GBX 243 per share, with a total value of £5,399.46. Also, insider Stephen Burns purchased 1,481 shares of the business’s stock in a transaction on Friday, March 6th. The stock was purchased at an average price of GBX 243 per share, with a total value of £3,598.83. 3.56% of the stock is currently owned by insiders.

Hollywood Bowl Group Price Performance

The company has a market capitalization of £517.17 million, a P/E ratio of 15.32, a price-to-earnings-growth ratio of 0.87 and a beta of 0.34. The company’s 50-day moving average price is GBX 253.44 and its two-hundred day moving average price is GBX 263.95. The company has a debt-to-equity ratio of 155.86, a current ratio of 0.61 and a quick ratio of 1.62.

Hollywood Bowl Group (LON:BOWL) last issued its quarterly earnings data on Wednesday, May 27th. The company reported GBX 14.51 earnings per share (EPS) for the quarter. The firm had revenue of £141.54 million during the quarter. Hollywood Bowl Group had a net margin of 13.81% and a return on equity of 22.81%. As a group, sell-side analysts expect that Hollywood Bowl Group plc will post 22.5511696 EPS for the current year.

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.