Hollywood Bowl Group (LON:BOWL) Share Price Crosses Below 50 Day Moving Average - Here's What Happened

Key Points

• Hollywood Bowl Group shares fell below their 50-day moving average, trading as low as GBX 274.50 before closing at GBX 279.50, with 544,437 shares changing hands.
• Analysts remain broadly positive: all four covering the stock rate it a Buy, with an average price target of GBX 397.75 versus the latest share price.
• The company reported quarterly EPS of GBX 14.51 on revenue of £141.54 million, alongside a 12.75% net margin and 21.75% return on equity.

Hollywood Bowl Group plc (LON:BOWL - Get Free Report)'s share price passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 282.89 and traded as low as GBX 274.50. Hollywood Bowl Group shares last traded at GBX 279.50, with a volume of 544,437 shares changing hands.

Analyst Upgrades and Downgrades

Several analysts have weighed in on BOWL shares. Berenberg Bank reiterated a "buy" rating and issued a GBX 450 price objective on shares of Hollywood Bowl Group in a research note on Friday, August 7th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a GBX 376 target price on shares of Hollywood Bowl Group in a report on Thursday, May 28th. Shore Capital Group reaffirmed a "buy" rating and set a GBX 350 price target on shares of Hollywood Bowl Group in a report on Friday, July 10th. Finally, Royal Bank Of Canada decreased their price objective on shares of Hollywood Bowl Group from GBX 420 to GBX 415 and set an "outperform" rating on the stock in a research note on Monday, June 1st. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Hollywood Bowl Group presently has an average rating of "Buy" and an average target price of GBX 397.75.

Hollywood Bowl Group Stock Up 0.2%

The firm's fifty day moving average is GBX 282.89 and its 200-day moving average is GBX 269.24. The company has a market capitalization of £466.01 million, a P/E ratio of 14.08, a price-to-earnings-growth ratio of 0.87 and a beta of 0.36. The company has a debt-to-equity ratio of 149.86, a quick ratio of 1.62 and a current ratio of 0.71.

Hollywood Bowl Group (LON:BOWL - Get Free Report) last issued its quarterly earnings data on Wednesday, May 27th. The company reported GBX 14.51 EPS for the quarter. The business had revenue of £141.54 million during the quarter. Hollywood Bowl Group had a net margin of 12.75% and a return on equity of 21.75%. As a group, equities research analysts predict that Hollywood Bowl Group plc will post 22.5511696 EPS for the current year.

Hollywood Bowl Group declared that its Board of Directors has approved a share buyback plan on Wednesday, July 1st that permits the company to repurchase 0 shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board believes its shares are undervalued.

Hollywood Bowl Group Company Profile

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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