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

Key Points

• Berenberg Bank has reissued a "buy" rating on Hollywood Bowl Group (LON:BOWL) with a target price of GBX 440, indicating a potential upside of 58.27% from its previous close.
• Shore Capital also maintains a "buy" rating, setting a lower target price of GBX 340, contributing to a consensus rating of "Buy" with an average target of GBX 390.
• Recent insider transactions reflect confidence in the company, as insiders purchased a total of 39,900 shares valued at approximately £9.83 million over the last 90 days.

Hollywood Bowl Group (LON:BOWL - Get Free Report)'s stock had its "buy" rating reissued by investment analysts at Berenberg Bank in a note issued to investors on Tuesday,London Stock Exchange reports. They presently have a GBX 440 price objective on the stock. Berenberg Bank's target price suggests a potential upside of 58.27% from the company's previous close.

Separately, Shore Capital reiterated a "buy" rating and set a GBX 340 target price on shares of Hollywood Bowl Group in a research note on Monday, July 28th. Two analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of "Buy" and an average target price of GBX 390.

Hollywood Bowl Group Price Performance

LON:BOWL opened at GBX 278 on Tuesday. The stock has a market cap of £463.85 million, a P/E ratio of 1,679.76, a PEG ratio of 0.87 and a beta of 1.26. Hollywood Bowl Group has a one year low of GBX 231.50 and a one year high of GBX 343.50. The company has a fifty day moving average price of GBX 252.50 and a 200 day moving average price of GBX 260.86. The company has a debt-to-equity ratio of 143.39, a current ratio of 0.95 and a quick ratio of 1.62.

Insiders Place Their Bets

In other Hollywood Bowl Group news, insider Ivan Schofield acquired 23,000 shares of the company's stock in a transaction dated Wednesday, August 6th. The stock was bought at an average price of GBX 244 per share, for a total transaction of £56,120. Also, insider Julia Porter acquired 10,000 shares of the company's stock in a transaction dated Wednesday, July 23rd. The stock was acquired at an average price of GBX 249 per share, with a total value of £24,900. In the last 90 days, insiders bought 39,900 shares of company stock valued at $9,833,900. Corporate insiders own 3.47% 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.

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