Hollywood Bowl Group (LON:BOWL) Sets New 52-Week High Following Analyst Upgrade

Hollywood Bowl Group PLC (LON:BOWL) reached a new 52-week high on Tuesday after Berenberg Bank raised their price target on the stock from GBX 280 to GBX 310. Berenberg Bank currently has a buy rating on the stock. Hollywood Bowl Group traded as high as GBX 295 ($3.88) and last traded at GBX 295 ($3.88), with a volume of 97446 shares changing hands. The stock had previously closed at GBX 282 ($3.71).

Several other research analysts also recently commented on BOWL. Peel Hunt downgraded Hollywood Bowl Group to a “hold” rating in a report on Thursday, December 19th. Liberum Capital reissued a “buy” rating on shares of Hollywood Bowl Group in a report on Friday, December 13th. Shore Capital reissued a “buy” rating on shares of Hollywood Bowl Group in a report on Friday, December 13th. Finally, JPMorgan Chase & Co. boosted their target price on Hollywood Bowl Group from GBX 260 ($3.42) to GBX 270 ($3.55) and gave the stock an “overweight” rating in a report on Wednesday, October 9th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Hollywood Bowl Group has an average rating of “Buy” and an average target price of GBX 286.25 ($3.77).

In other Hollywood Bowl Group news, insider Ivan Schofield bought 15,000 shares of the company’s stock in a transaction on Friday, October 11th. The stock was bought at an average price of GBX 226 ($2.97) per share, for a total transaction of £33,900 ($44,593.53).

The company has a debt-to-equity ratio of 26.33, a quick ratio of 1.15 and a current ratio of 1.53. The stock’s 50-day moving average is GBX 256.41 and its 200 day moving average is GBX 232.75. The firm has a market cap of $426.00 million and a P/E ratio of 19.93.

The business also recently announced a dividend, which will be paid on Wednesday, February 19th. Investors of record on Thursday, January 30th will be paid a GBX 9.66 ($0.13) dividend. The ex-dividend date is Thursday, January 30th. This is a positive change from Hollywood Bowl Group’s previous dividend of $2.27. This represents a yield of 3.83%. Hollywood Bowl Group’s dividend payout ratio is presently 0.47%.

About Hollywood Bowl Group (LON:BOWL)

Hollywood Bowl Group plc operates ten-pin bowling centers under the Hollywood Bowl and AMF brands in the United Kingdom. As of September 30, 2018, it operated approximately 50 Hollywood Bowl centers and 8 AMF centers. The company is headquartered in Hemel Hempstead, the United Kingdom.

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