Hollywood Bowl Group (LON:BOWL) Sets New 52-Week High – Should You Buy?

Shares of Hollywood Bowl Group plc (LON:BOWL – Get Free Report) hit a new 52-week high during trading on Tuesday. The stock traded as high as GBX 357.98 and last traded at GBX 256.67, with a volume of 693,405 shares trading hands. The stock had previously closed at GBX 255.

Analyst Upgrades and Downgrades

BOWL has been the topic of a number of analyst reports. Shore Capital Group restated a “buy” rating and set a GBX 350 target price on shares of Hollywood Bowl Group in a research note on Friday, July 10th. Berenberg Bank reiterated a “buy” rating and issued a GBX 450 price target on shares of Hollywood Bowl Group in a research note on Wednesday, October 7th. Four research analysts have rated the stock with a Buy rating. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of GBX 397.75.

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Hollywood Bowl Group Price Performance

The firm has a 50-day moving average of GBX 264.14 and a 200-day moving average of GBX 269.03. The stock has a market cap of £427.64 million, a PE ratio of 12.93, a PEG ratio of 0.87 and a beta of 0.36. The company has a debt-to-equity ratio of 149.86, a current ratio of 0.71 and a quick ratio of 1.62.

Hollywood Bowl Group declared that its board has approved a share buyback program on Wednesday, July 1st that allows the company to buy back 0 shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Share repurchase programs are often a sign that the company’s leadership believes its stock is undervalued.

Hollywood Bowl Group Company Profile

(Get Free Report)

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.

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