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

Key Points

• Berenberg Bank reiterated a “Buy” rating on Hollywood Bowl Group and set a GBX 450 price target, implying 60.71% upside from the GBX 280 share price. Analysts overall maintain a consensus “Buy” rating with a GBX 397.75 target.
• Shares opened down 3.8% at GBX 280, while the company reported quarterly revenue of £141.54 million and EPS of GBX 14.51, alongside a 12.75% net margin and 21.75% return on equity.
• Insider Ivan Schofield sold 53,391 shares at an average GBX 310, generating proceeds of approximately £165,512; insiders collectively own 3.56% of the company.

Hollywood Bowl Group (LON:BOWL - Get Free Report)'s stock had its "buy" rating restated by Berenberg Bank in a note issued to investors on Friday,London Stock Exchange reports. They presently have a GBX 450 target price on the stock. Berenberg Bank's target price indicates a potential upside of 60.71% from the stock's current price.

A number of other equities analysts have also weighed in on BOWL. Royal Bank Of Canada decreased their price target on shares of Hollywood Bowl Group from GBX 420 to GBX 415 and set an "outperform" rating on the stock in a report on Monday, June 1st. Shore Capital Group reissued a "buy" rating and set a GBX 350 price target on shares of Hollywood Bowl Group in a research report on Friday, July 10th. Finally, 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, May 28th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of GBX 397.75.

Hollywood Bowl Group Trading Down 3.8%

Shares of BOWL stock opened at GBX 280 on Friday. The firm's 50-day simple moving average is GBX 286.80 and its 200-day simple moving average is GBX 268.13. The company has a debt-to-equity ratio of 149.86, a current ratio of 0.71 and a quick ratio of 1.62. Hollywood Bowl Group has a 1-year low of GBX 227.50 and a 1-year high of GBX 312. The firm has a market cap of £469.41 million, a P/E ratio of 14.11, a PEG ratio of 0.87 and a beta of 0.36.

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

Hollywood Bowl Group declared that its Board of Directors has approved a share buyback plan on Wednesday, July 1st that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company's management believes its stock is undervalued.

Insider Buying and Selling at Hollywood Bowl Group

In related news, insider Ivan Schofield sold 53,391 shares of Hollywood Bowl Group 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. Insiders own 3.56% of the company's stock.

Hollywood Bowl Group Company Profile

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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