Hollywood Bowl Group (LON:BOWL) Stock Rating Reaffirmed as Buy by Berenberg Bank

Hollywood Bowl Group (LON:BOWL)‘s stock had its “buy” rating reaffirmed by investment analysts at Berenberg Bank in a research report issued to clients and investors on Wednesday, Digital Look reports. They presently have a GBX 450 price target on the stock. Berenberg Bank’s target price indicates a potential upside of 78.93% from the company’s previous close.

Separately, Shore Capital Group reiterated a “buy” rating and issued a GBX 350 price objective on shares of Hollywood Bowl Group in a report on Friday, July 10th. Four investment analysts have rated the stock with a Buy rating. According to MarketBeat, Hollywood Bowl Group presently has a consensus rating of “Buy” and a consensus price target of GBX 397.75.

Hollywood Bowl Group Stock Performance

Shares of LON:BOWL remained flat at GBX 251.50 during midday trading on Wednesday. The stock had a trading volume of 364,030 shares, compared to its average volume of 2,002,455. The company has a market capitalization of £419.03 million, a P/E ratio of 12.67, a price-to-earnings-growth ratio of 0.87 and a beta of 0.36. The company has a current ratio of 0.71, a quick ratio of 1.62 and a debt-to-equity ratio of 149.86. Hollywood Bowl Group has a 1 year low of GBX 227.50 and a 1 year high of GBX 312. The stock’s 50 day moving average price is GBX 264.86 and its 200 day moving average price is GBX 268.75.

Hollywood Bowl Group announced that its board has approved a stock buyback plan on Wednesday, July 1st that allows the company to repurchase 0 outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Share buyback plans are typically a sign that the company’s board believes its shares are undervalued.

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.