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

Shares of Hollywood Bowl Group plc (LON:BOWL) crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 272.61 ($3.52) and traded as low as GBX 258 ($3.33). Hollywood Bowl Group shares last traded at GBX 263 ($3.40), with a volume of 436,290 shares.

Wall Street Analyst Weigh In

BOWL has been the subject of a number of research reports. Berenberg Bank reissued a “buy” rating and issued a GBX 420 ($5.42) price target on shares of Hollywood Bowl Group in a research note on Thursday, November 28th. Shore Capital reissued a “buy” rating on shares of Hollywood Bowl Group in a research note on Tuesday, February 18th.

Hollywood Bowl Group Trading Up 0.6 %

The company has a debt-to-equity ratio of 143.39, a quick ratio of 1.62 and a current ratio of 0.95. The firm has a market cap of £463.24 million, a PE ratio of 13.13, a PEG ratio of 0.87 and a beta of 1.26. The stock’s 50 day simple moving average is GBX 272.08 and its 200 day simple moving average is GBX 299.22.

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 net margin of 15.73% and a return on equity of 23.23%. On average, sell-side analysts forecast that Hollywood Bowl Group plc will post 22.5511696 earnings per share for the current fiscal year.

Hollywood Bowl Group Increases Dividend

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

Insider Activity

In other Hollywood Bowl Group news, insider Julia Porter acquired 2,000 shares of the business’s stock in a transaction dated Monday, January 20th. The stock was bought at an average price of GBX 288 ($3.72) per share, with a total value of £5,760 ($7,437.06). Also, insider Ivan Schofield purchased 37,500 shares of the company’s stock in a transaction on Thursday, February 20th. The shares were purchased at an average cost of GBX 273 ($3.52) per share, with a total value of £102,375 ($132,182.05). In the last 90 days, insiders acquired 97,800 shares of company stock valued at $26,392,600. Corporate insiders own 4.36% of the company’s stock.

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.