Hollywood Bowl Group (LON:BOWL) Hits New 12-Month Low – Here’s Why

Shares of Hollywood Bowl Group plc (LON:BOWL) hit a new 52-week low during trading on Monday . The stock traded as low as GBX 246.50 ($3.19) and last traded at GBX 249 ($3.22), with a volume of 1570916 shares. The stock had previously closed at GBX 252.48 ($3.27).

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Berenberg Bank reiterated a “buy” rating and issued a GBX 420 ($5.44) price target on shares of Hollywood Bowl Group in a research note on Thursday, November 28th. Shore Capital reaffirmed a “buy” rating on shares of Hollywood Bowl Group in a research report on Tuesday, February 18th.

Hollywood Bowl Group Stock Up 0.2 %

The company has a current ratio of 0.95, a quick ratio of 1.62 and a debt-to-equity ratio of 143.39. The stock has a market cap of £443.88 million, a P/E ratio of 12.58, a PEG ratio of 0.87 and a beta of 1.26. The firm has a 50-day simple moving average of GBX 276.01 and a two-hundred day simple moving average of GBX 302.65.

Hollywood Bowl Group (LON:BOWL) last issued its quarterly earnings data on Tuesday, December 17th. The company reported GBX 18.82 ($0.24) earnings per share for the quarter. Hollywood Bowl Group had a net margin of 15.73% and a return on equity of 23.23%. Equities research analysts expect that Hollywood Bowl Group plc will post 22.5511696 earnings per share for the current fiscal year.

Hollywood Bowl Group Increases Dividend

The business also recently declared a dividend, which was paid on Friday, February 21st. Investors of record on Thursday, January 30th were paid a GBX 8.08 ($0.10) dividend. This is a boost from Hollywood Bowl Group’s previous dividend of $3.98. This represents a dividend yield of 2.42%. The ex-dividend date of this dividend was Thursday, January 30th. Hollywood Bowl Group’s payout ratio is 63.64%.

Insider Buying and Selling at Hollywood Bowl Group

In related news, insider Julia Porter acquired 2,000 shares of the stock in a transaction that occurred on Monday, January 20th. The stock was acquired at an average cost of GBX 288 ($3.73) per share, for a total transaction of £5,760 ($7,457.28). Also, insider Peter Boddy bought 40,000 shares of the business’s stock in a transaction on Thursday, December 19th. The stock was bought at an average price of GBX 300 ($3.88) per share, for a total transaction of £120,000 ($155,359.92). Insiders purchased 151,010 shares of company stock valued at $42,355,600 in the last three months. Corporate insiders own 4.36% of the company’s stock.

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.