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

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

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Shore Capital reissued a "buy" rating on shares of Hollywood Bowl Group in a research note on Thursday. Berenberg Bank restated a "buy" rating and issued a GBX 440 ($5.92) price objective on shares of Hollywood Bowl Group in a research note on Wednesday, April 23rd.

Hollywood Bowl Group Stock Down 0.2%

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 firm's 50-day simple moving average is GBX 281.09 and its two-hundred day simple moving average is GBX 286.69. The company has a market capitalization of £457.70 million, a price-to-earnings 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 quarterly 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 predict that Hollywood Bowl Group plc will post 22.5511696 EPS for the current fiscal year.

Insider Activity at Hollywood Bowl Group

In other news, insider Darren M. Shapland purchased 30,000 shares of the company's stock in a transaction on Tuesday, March 11th. The shares were bought at an average price of GBX 258 ($3.47) per share, for a total transaction of £77,400 ($104,144.24). Company 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.