Hollywood Bowl Group (LON:BOWL) Trading Up 0.6% - What's Next?

Key Points

• Hollywood Bowl Group plc's shares rose by 0.6% during mid-day trading, reaching a high of GBX 263.50 ($3.52) and a last traded price of GBX 256 ($3.42).
• Shore Capital has restated a "buy" rating with a price target of GBX 340, contributing to a consensus target price of GBX 390 among analysts.
• Insiders have shown confidence in the company by purchasing a total of 40,900 shares worth £10,080,900 over the past three months, indicating significant insider investment activity.

Shares of Hollywood Bowl Group plc (LON:BOWL - Get Free Report) were up 0.6% during mid-day trading on Friday . The company traded as high as GBX 263.50 ($3.52) and last traded at GBX 256 ($3.42). Approximately 5,007,091 shares changed hands during trading, an increase of 388% from the average daily volume of 1,026,883 shares. The stock had previously closed at GBX 254.50 ($3.40).

Wall Street Analysts Forecast Growth

Separately, Shore Capital restated a "buy" rating and issued a GBX 340 price objective on shares of Hollywood Bowl Group in a report on Monday, July 28th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of GBX 390.

Hollywood Bowl Group Stock Performance

The firm has a market capitalization of £427.14 million, a PE ratio of 1,546.83, 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. The firm has a fifty day moving average price of GBX 252.15 and a 200 day moving average price of GBX 261.12.

Insider Activity

In related news, insider Ivan Schofield bought 6,900 shares of Hollywood Bowl Group stock in a transaction dated Thursday, August 7th. The stock was acquired at an average cost of GBX 251 per share, with a total value of £17,319. Also, insider Julia Porter bought 10,000 shares of Hollywood Bowl Group stock in a transaction dated Wednesday, July 23rd. The shares were bought at an average cost of GBX 249 per share, with a total value of £24,900. Insiders purchased a total of 40,900 shares of company stock valued at $10,080,900 over the last three months. Insiders own 3.47% 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.

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