Hollywood Bowl Group (LON:BOWL) Shares Down 10.3% - Should You Sell?

Hollywood Bowl Group plc (LON:BOWL - Get Free Report)'s stock price dropped 10.3% during mid-day trading on Thursday . The company traded as low as GBX 263 ($3.54) and last traded at GBX 265.50 ($3.57). Approximately 4,765,469 shares traded hands during trading, an increase of 336% from the average daily volume of 1,093,784 shares. The stock had previously closed at GBX 296 ($3.98).

Wall Street Analyst Weigh In

BOWL has been the topic of a number of recent research reports. Shore Capital reiterated a "buy" rating on shares of Hollywood Bowl Group in a research note on Thursday. Berenberg Bank restated a "buy" rating and set a GBX 440 ($5.92) target price on shares of Hollywood Bowl Group in a research note on Wednesday, April 23rd.

Hollywood Bowl Group Price Performance

The stock's 50 day moving average is GBX 281.09 and its two-hundred day moving average is GBX 286.47. The company has a debt-to-equity ratio of 143.39, a current ratio of 0.95 and a quick ratio of 1.62. The stock has a market capitalization of £457.70 million, a PE ratio of 12.97, a price-to-earnings-growth ratio of 0.87 and a beta of 1.26.

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

Insider Buying and Selling

In other Hollywood Bowl Group news, insider Darren M. Shapland purchased 30,000 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was purchased at an average cost of GBX 258 ($3.47) per share, with a total value of £77,400 ($104,144.24). 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.