Hollywood Bowl Group (LON:BOWL) Stock Price Crosses Below 50 Day Moving Average – What’s Next?

Hollywood Bowl Group plc (LON:BOWL)’s stock price passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 272.61 ($3.55) and traded as low as GBX 258 ($3.36). Hollywood Bowl Group shares last traded at GBX 263 ($3.42), with a volume of 436,290 shares.

Wall Street Analysts Forecast Growth

BOWL has been the subject of several research reports. Berenberg Bank restated a “buy” rating and set a GBX 420 ($5.46) price target on shares of Hollywood Bowl Group in a research report on Thursday, November 28th. Shore Capital reissued a “buy” rating on shares of Hollywood Bowl Group in a research report on Tuesday, February 18th.

Hollywood Bowl Group Stock Performance

The company has a debt-to-equity ratio of 143.39, a current ratio of 0.95 and a quick ratio of 1.62. The company has a 50 day simple moving average of GBX 272.61 and a 200-day simple moving average of GBX 299.86. The stock has a market capitalization of £454.25 million, a P/E ratio of 12.87, a price-to-earnings-growth ratio of 0.87 and a beta of 1.26.

Hollywood Bowl Group (LON:BOWL) last announced its quarterly earnings data 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%. On average, equities analysts forecast that Hollywood Bowl Group plc will post 22.5511696 EPS for the current year.

Hollywood Bowl Group Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, February 21st. Stockholders of record on Thursday, January 30th were given a GBX 8.08 ($0.11) dividend. The ex-dividend date was Thursday, January 30th. This represents a dividend yield of 2.42%. This is a positive change from Hollywood Bowl Group’s previous dividend of $3.98. Hollywood Bowl Group’s payout ratio is 63.64%.

Insider Activity at Hollywood Bowl Group

In related news, insider Ivan Schofield bought 37,500 shares of Hollywood Bowl Group stock in a transaction on Thursday, February 20th. The stock was acquired at an average price of GBX 273 ($3.55) per share, with a total value of £102,375 ($133,179.39). Also, insider Darren M. Shapland purchased 30,000 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The shares were bought at an average price of GBX 258 ($3.36) per share, for a total transaction of £77,400 ($100,689.48). In the last ninety days, insiders have acquired 97,800 shares of company stock worth $26,392,600. 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.