Hollywood Bowl Group (LON:BOWL) Earns “Buy” Rating from Shore Capital

Shore Capital reaffirmed their buy rating on shares of Hollywood Bowl Group (LON:BOWL) in a research report released on Tuesday, MarketBeat Ratings reports.

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 420 ($5.32) price objective on shares of Hollywood Bowl Group in a report on Thursday, November 28th.

Hollywood Bowl Group Trading Down 1.5 %

Shares of Hollywood Bowl Group stock opened at GBX 269 ($3.41) on Tuesday. The company has a debt-to-equity ratio of 143.39, a current ratio of 0.95 and a quick ratio of 1.62. Hollywood Bowl Group has a 1 year low of GBX 268 ($3.40) and a 1 year high of GBX 355 ($4.50). The firm has a market cap of £464.61 million, a PE ratio of 13.17, a PEG ratio of 0.87 and a beta of 1.26. The company has a 50 day simple moving average of GBX 286.30 and a two-hundred day simple moving average of GBX 307.53.

Hollywood Bowl Group (LON:BOWL) last posted its quarterly earnings data on Tuesday, December 17th. The company reported GBX 18.82 ($0.24) 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%. Analysts expect that Hollywood Bowl Group will post 22.5511696 earnings per share for the current fiscal year.

Hollywood Bowl Group Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, February 21st. Stockholders of record on Thursday, January 30th will be issued a GBX 8.08 ($0.10) dividend. This represents a dividend yield of 2.42%. This is a positive change from Hollywood Bowl Group’s previous dividend of $3.98. The ex-dividend date of this dividend is Thursday, January 30th. Hollywood Bowl Group’s payout ratio is presently 63.64%.

Insider Activity

In related news, insider Stephen Burns acquired 13,210 shares of the stock in a transaction on Tuesday, December 17th. The stock was purchased at an average price of GBX 300 ($3.80) per share, for a total transaction of £39,630 ($50,215.41). Also, insider Julia Porter acquired 2,000 shares of the company’s stock in a transaction dated Monday, January 20th. The shares were bought at an average cost of GBX 288 ($3.65) per share, with a total value of £5,760 ($7,298.53). In the last 90 days, insiders acquired 121,010 shares of company stock valued at $34,615,600. 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.