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

Hollywood Bowl Group plc (LON:BOWL - Get Free Report) shares fell 10.3% on Friday . The stock 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).

Analysts Set New Price Targets

Several research firms have recently weighed in on BOWL. Shore Capital reissued a "buy" rating on shares of Hollywood Bowl Group in a research report on Thursday. Berenberg Bank reissued 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 Stock Performance

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

Hollywood Bowl Group (LON:BOWL - Get Free Report) last posted its 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%. As a group, research analysts predict that Hollywood Bowl Group plc will post 22.5511696 earnings per share for the current fiscal year.

Insider Buying and Selling at Hollywood Bowl Group

In other news, insider Darren M. Shapland acquired 30,000 shares of Hollywood Bowl Group stock in a transaction dated Tuesday, March 11th. The stock was acquired 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.