Hollywood Bowl Group (LON:BOWL) Shares Down 2.6% – What’s Next?

Hollywood Bowl Group plc (LON:BOWL) fell 2.6% during mid-day trading on Friday . The company traded as low as GBX 277 ($3.38) and last traded at GBX 277 ($3.38). 8,290,003 shares traded hands during mid-day trading, an increase of 336% from the average session volume of 1,899,811 shares. The stock had previously closed at GBX 284.50 ($3.47).

Analyst Ratings Changes

Several equities research analysts recently commented on BOWL shares. Berenberg Bank reiterated a “buy” rating and set a GBX 420 ($5.13) target price on shares of Hollywood Bowl Group in a research report on Thursday, November 28th. Shore Capital reiterated a “buy” rating on shares of Hollywood Bowl Group in a report on Tuesday, December 17th.

Hollywood Bowl Group Price Performance

The stock has a market cap of £476.66 million, a P/E ratio of 1,385.00, a price-to-earnings-growth ratio of 0.87 and a beta of 1.26. The business has a 50-day simple moving average of GBX 312.65 and a 200 day simple moving average of GBX 315.63. The company has a current ratio of 1.24, a quick ratio of 1.62 and a debt-to-equity ratio of 135.91.

Hollywood Bowl Group Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, February 21st. Investors of record on Thursday, January 30th will be issued a GBX 8.08 ($0.10) dividend. The ex-dividend date is Thursday, January 30th. This is a boost from Hollywood Bowl Group’s previous dividend of $3.98. This represents a yield of 2.42%. Hollywood Bowl Group’s dividend payout ratio is presently 6,500.00%.

Insider Buying and Selling at Hollywood Bowl Group

In other Hollywood Bowl Group news, insider Peter Boddy bought 40,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 19th. The stock was acquired at an average price of GBX 300 ($3.66) per share, with a total value of £120,000 ($146,520.15). Also, insider Stephen Burns bought 13,210 shares of the stock in a transaction on Tuesday, December 17th. The stock was acquired at an average price of GBX 300 ($3.66) per share, with a total value of £39,630 ($48,388.28). In the last 90 days, insiders bought 153,210 shares of company stock valued at $47,963,000. 4.36% of the stock is currently owned by company insiders.

About Hollywood Bowl Group

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.