Hollywood Bowl Group (LON:BOWL) Hits New 52-Week Low – Here’s What Happened

Shares of Hollywood Bowl Group plc (LON:BOWL) hit a new 52-week low during trading on Wednesday . The company traded as low as GBX 267 ($3.38) and last traded at GBX 268.50 ($3.40), with a volume of 725208 shares traded. The stock had previously closed at GBX 271.50 ($3.44).

Analyst Ratings Changes

BOWL has been the subject of several recent research reports. Berenberg Bank restated a “buy” rating and set a GBX 420 ($5.32) target price on shares of Hollywood Bowl Group in a research report on Thursday, November 28th. Shore Capital reaffirmed a “buy” rating on shares of Hollywood Bowl Group in a research note on Tuesday, February 18th.

Hollywood Bowl Group Trading Down 1.1 %

The company has a market capitalization of £463.75 million, a P/E ratio of 13.14, a PEG ratio of 0.87 and a beta of 1.26. The business has a 50 day moving average price of GBX 283.51 and a 200 day moving average price of GBX 306.76. The company has a current ratio of 0.95, a quick ratio of 1.62 and a debt-to-equity ratio of 143.39.

Hollywood Bowl Group (LON:BOWL) last posted its earnings results on Tuesday, December 17th. The company reported GBX 18.82 ($0.24) earnings per share (EPS) for the quarter. Hollywood Bowl Group had a return on equity of 23.23% and a net margin of 15.73%. Analysts anticipate that Hollywood Bowl Group plc will post 22.5511696 EPS for the current year.

Hollywood Bowl Group Increases Dividend

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

Insider Buying and Selling

In other Hollywood Bowl Group news, insider Stephen Burns purchased 13,210 shares of the stock in a transaction on Tuesday, December 17th. The shares were purchased at an average price of GBX 300 ($3.80) per share, with a total value of £39,630 ($50,228.14). Also, insider Peter Boddy acquired 40,000 shares of the business’s stock in a transaction dated Thursday, December 19th. The stock was acquired at an average cost of GBX 300 ($3.80) per share, with a total value of £120,000 ($152,091.25). Over the last three months, insiders bought 121,010 shares of company stock worth $34,615,600. 4.36% of the stock is owned by corporate 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.