Hollywood Bowl Group (LON:BOWL) Trading 5.8% Higher

Posted by Defense World Staff on Apr 9th, 2023

Shares of Hollywood Bowl Group plc (LON:BOWL – Get Rating) were up 5.8% during trading on Friday . The company traded as high as GBX 245.50 ($3.05) and last traded at GBX 245.50 ($3.05). Approximately 337,450 shares changed hands during trading, a decline of 21% from the average daily volume of 425,577 shares. The stock had previously closed at GBX 232 ($2.88).

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Numis Securities restated a “buy” rating and issued a GBX 335 ($4.16) price target on shares of Hollywood Bowl Group in a research note on Thursday, February 16th. Shore Capital reissued a “buy” rating on shares of Hollywood Bowl Group in a report on Monday, January 23rd.

Hollywood Bowl Group Price Performance

The company has a current ratio of 1.58, a quick ratio of 1.62 and a debt-to-equity ratio of 136.09. The company has a market cap of £421.55 million, a price-to-earnings ratio of 1,115.91, a PEG ratio of 0.87 and a beta of 1.27. The company’s 50 day moving average price is GBX 240.97 and its 200 day moving average price is GBX 226.61.

Hollywood Bowl Group Increases Dividend

The business also recently announced a dividend, which was paid on Friday, February 24th. Shareholders of record on Thursday, February 2nd were given a dividend of GBX 11.53 ($0.14) per share. This is a positive change from Hollywood Bowl Group’s previous dividend of $3.00. This represents a dividend yield of 4.85%. The ex-dividend date was Thursday, February 2nd. Hollywood Bowl Group’s payout ratio is presently 5,454.55%.

Insider Transactions at Hollywood Bowl Group

In related news, insider Laurence Keen sold 158,834 shares of the stock in a transaction dated Thursday, February 16th. The shares were sold at an average price of GBX 249 ($3.09), for a total value of £395,496.66 ($491,178.17). Corporate insiders own 4.84% of the company’s stock.

Hollywood Bowl Group Company Profile

(Get Rating)

Hollywood Bowl Group plc operates ten-pin bowling and mini-golf centers in the United Kingdom. The company also supplies and installs bowling equipment. As of December 16, 2022, it operated 75 centers under the Hollywood Bowl, Puttstars, and Splitsville brands. The company was incorporated in 2016 and is based in Hemel Hempstead, the United Kingdom.