Hollywood Bowl Group (LON:BOWL) Shares Down 10.3% - Here's Why

Shares of Hollywood Bowl Group plc (LON:BOWL - Get Free Report) 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 Analysts Forecast Growth

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

Hollywood Bowl Group Stock Performance

The company has a current ratio of 0.95, a quick ratio of 1.62 and a debt-to-equity ratio of 143.39. The company's 50-day simple moving average is GBX 281.09 and its 200-day simple moving average is GBX 286.69. The stock has a market capitalization of £457.70 million, a price-to-earnings ratio of 12.97, a PEG ratio of 0.87 and a beta of 1.26.

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

Insider Buying and Selling at Hollywood Bowl Group

In other news, insider Darren M. Shapland acquired 30,000 shares of the firm's stock in a transaction dated Tuesday, March 11th. The stock was bought at an average cost of GBX 258 ($3.47) per share, for a total transaction of £77,400 ($104,144.24). Corporate 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.