Hollywood Bowl Group (LON:BOWL) Shares Down 2.6% – Time to Sell?

Hollywood Bowl Group plc (LON:BOWL)’s share price traded down 2.6% during mid-day trading on Friday . The stock traded as low as GBX 277 ($3.38) and last traded at GBX 277 ($3.38). 8,290,003 shares changed hands during trading, an increase of 336% from the average session volume of 1,899,811 shares. The stock had previously closed at GBX 284.50 ($3.47).

Analyst Upgrades and Downgrades

BOWL has been the subject of a number of research analyst reports. Berenberg Bank reiterated a “buy” rating and set a GBX 420 ($5.13) price objective on shares of Hollywood Bowl Group in a research report on Thursday, November 28th. Shore Capital reiterated a “buy” rating on shares of Hollywood Bowl Group in a research note on Tuesday, December 17th.

Hollywood Bowl Group Stock Down 2.6 %

The company has a debt-to-equity ratio of 135.91, a quick ratio of 1.62 and a current ratio of 1.24. The firm’s 50 day moving average price is GBX 311.76 and its two-hundred day moving average price is GBX 315.36. The company has a market cap of £476.66 million, a P/E ratio of 1,385.00, a price-to-earnings-growth ratio of 0.87 and a beta of 1.26.

Hollywood Bowl Group Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, February 21st. Stockholders of record on Thursday, January 30th will be paid a GBX 8.08 ($0.10) dividend. The ex-dividend date of this dividend is Thursday, January 30th. This is an increase from Hollywood Bowl Group’s previous dividend of $3.98. This represents a dividend yield of 2.42%. Hollywood Bowl Group’s dividend payout ratio (DPR) is currently 6,500.00%.

Insider Buying and Selling

In other news, insider Stephen Burns bought 13,210 shares of Hollywood Bowl Group stock in a transaction dated Tuesday, December 17th. The stock was purchased at an average price of GBX 300 ($3.66) per share, for a total transaction of £39,630 ($48,388.28). Also, insider Peter Boddy purchased 40,000 shares of the business’s stock in a transaction that occurred on Thursday, December 19th. The shares were purchased at an average price of GBX 300 ($3.66) per share, for a total transaction of £120,000 ($146,520.15). In the last three months, insiders have bought 153,210 shares of company stock valued at $47,963,000. 4.36% of the stock is owned by company insiders.

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.