Hollywood Bowl Group (LON:BOWL) Earns “Buy” Rating from Berenberg Bank

Hollywood Bowl Group (LON:BOWL)‘s stock had its “buy” rating reiterated by research analysts at Berenberg Bank in a research note issued to investors on Friday,London Stock Exchange reports. They currently have a GBX 450 target price on the stock. Berenberg Bank’s price objective would indicate a potential upside of 60.71% from the company’s previous close.

Several other research firms also recently issued reports on BOWL. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 376 price target on shares of Hollywood Bowl Group in a research note on Thursday, May 28th. Royal Bank Of Canada lowered their target price on Hollywood Bowl Group from GBX 420 to GBX 415 and set an “outperform” rating for the company in a research note on Monday, June 1st. Finally, Shore Capital Group reaffirmed a “buy” rating and set a GBX 350 target price on shares of Hollywood Bowl Group in a research report on Friday, July 10th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of GBX 397.75.

Hollywood Bowl Group Stock Down 3.8%

Shares of LON:BOWL opened at GBX 280 on Friday. The company has a quick ratio of 1.62, a current ratio of 0.71 and a debt-to-equity ratio of 149.86. Hollywood Bowl Group has a 52-week low of GBX 227.50 and a 52-week high of GBX 312. The company has a 50 day moving average of GBX 286.80 and a two-hundred day moving average of GBX 268.13. The company has a market capitalization of £469.41 million, a price-to-earnings ratio of 14.11, a price-to-earnings-growth ratio of 0.87 and a beta of 0.36.

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

Hollywood Bowl Group announced that its board has initiated a stock repurchase plan on Wednesday, July 1st that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Insider Transactions at Hollywood Bowl Group

In other Hollywood Bowl Group news, insider Ivan Schofield sold 53,391 shares of the stock in a transaction on Friday, May 29th. The shares were sold at an average price of GBX 310, for a total transaction of £165,512.10. 3.56% of the stock is owned by corporate insiders.

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.