Hollywood Bowl Group (LON:BOWL) Earns "Buy" Rating from Shore Capital

Key Points

• Hollywood Bowl Group's stock has received a reinforced "buy" rating from Shore Capital, with a target price of GBX 340, indicating a potential upside of 36.27% from its last closing price.
• Berenberg Bank also reaffirmed a "buy" rating, setting a higher price target of GBX 440, reflecting positive sentiment among analysts.
• Insider purchases indicate confidence in the company, with insiders acquiring over 60,000 shares in the last quarter, representing around 4.36% of outstanding shares.

Hollywood Bowl Group (LON:BOWL - Get Free Report)'s stock had its "buy" rating reaffirmed by equities researchers at Shore Capital in a research note issued to investors on Monday,London Stock Exchange reports. They currently have a GBX 340 ($4.57) price objective on the stock. Shore Capital's target price would suggest a potential upside of 36.27% from the stock's previous close.

Separately, Berenberg Bank reaffirmed a "buy" rating and set a GBX 440 ($5.91) price target on shares of Hollywood Bowl Group in a research report on Wednesday, April 23rd.

Hollywood Bowl Group Trading Up 1.0%

Shares of BOWL opened at GBX 249.50 ($3.35) on Monday. The company has a current ratio of 0.95, a quick ratio of 1.62 and a debt-to-equity ratio of 143.39. Hollywood Bowl Group has a 12-month low of GBX 231.50 ($3.11) and a 12-month high of GBX 343.50 ($4.62). The firm has a 50-day moving average price of GBX 258.13 and a 200 day moving average price of GBX 268.91. The firm has a market capitalization of £430.93 million, a P/E ratio of 12.21, a P/E/G ratio of 0.87 and a beta of 1.26.

Hollywood Bowl Group (LON:BOWL - Get Free Report) last issued its earnings results on Thursday, May 29th. The company reported GBX 12.01 ($0.16) EPS for the quarter. Hollywood Bowl Group had a net margin of 15.73% and a return on equity of 23.23%. Sell-side analysts forecast that Hollywood Bowl Group will post 22.5511696 EPS for the current year.

Insider Buying and Selling at Hollywood Bowl Group

In related news, insider Darren M. Shapland bought 12,500 shares of the firm's stock in a transaction on Tuesday, July 8th. The shares were bought at an average price of GBX 242 ($3.25) per share, with a total value of £30,250 ($40,647.68). Also, insider Asheeka Hyde bought 1,000 shares of the stock in a transaction on Tuesday, July 15th. The shares were bought at an average cost of GBX 247 ($3.32) per share, with a total value of £2,470 ($3,319.00). In the last quarter, insiders bought 60,927 shares of company stock worth $14,907,053. Insiders own 4.36% 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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