Hollywood Bowl Group (LON:BOWL) Shares Down 0.2% - Should You Sell?

Key Points

• Shares of Hollywood Bowl Group plc fell 0.2%, trading at GBX 252.50 ($3.40) with a notable drop in trading volume, down 48% from the average.
• Analysts at Shore Capital have set a price target of GBX 340 for the stock, maintaining a "buy" rating amidst an overall average target of GBX 390.
• Insiders have recently purchased a total of 90,827 shares valued at over $22 million, indicating confidence in the company's future performance.

Hollywood Bowl Group plc (LON:BOWL - Get Free Report)'s stock price traded down 0.2% on Friday . The company traded as low as GBX 250 ($3.37) and last traded at GBX 252.50 ($3.40). 549,696 shares were traded during mid-day trading, a decline of 48% from the average session volume of 1,059,189 shares. The stock had previously closed at GBX 253 ($3.41).

Wall Street Analysts Forecast Growth

Separately, Shore Capital reaffirmed 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 equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of GBX 390.

Hollywood Bowl Group Trading Down 0.2%

The company's fifty day moving average price is GBX 249.92 and its 200-day moving average price is GBX 261.93. The stock has a market cap of £422.31 million, a price-to-earnings ratio of 1,525.68, a P/E/G ratio of 0.87 and a beta of 1.26. The company has a debt-to-equity ratio of 143.39, a current ratio of 0.95 and a quick ratio of 1.62.

Insider Activity at Hollywood Bowl Group

In related news, insider Stephen Burns acquired 12,427 shares of the stock in a transaction on Monday, July 7th. The shares were acquired at an average price of GBX 239 per share, for a total transaction of £29,700.53. Also, insider Julia Porter bought 10,000 shares of the business's stock in a transaction dated Wednesday, July 23rd. The shares were purchased at an average cost of GBX 249 per share, with a total value of £24,900. Insiders acquired a total of 90,827 shares of company stock valued at $22,250,953 over the last ninety days. Corporate insiders own 3.47% 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.