Hollywood Bowl Group (LON:BOWL) Stock Price Crosses Below Fifty Day Moving Average of $247.70

Hollywood Bowl Group plc (LON:BOWL – Get Rating)’s stock price crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 247.70 ($3.02) and traded as low as GBX 223.80 ($2.73). Hollywood Bowl Group shares last traded at GBX 226 ($2.75), with a volume of 86,822 shares traded.

Analyst Ratings Changes

Several brokerages have recently issued reports on BOWL. Berenberg Bank reissued a “buy” rating and issued a GBX 350 ($4.27) target price on shares of Hollywood Bowl Group in a research report on Thursday, December 1st. Shore Capital reissued a “buy” rating on shares of Hollywood Bowl Group in a report on Monday, January 23rd. Finally, Numis Securities reissued a “buy” rating and issued a GBX 335 ($4.08) target price on shares of Hollywood Bowl Group in a report on Thursday, February 16th.

Hollywood Bowl Group Trading Down 0.9 %

The stock has a market capitalization of £388.06 million, a PE ratio of 1,076.19, a P/E/G ratio of 0.87 and a beta of 1.27. The company has a current ratio of 1.58, a quick ratio of 1.62 and a debt-to-equity ratio of 136.09. The stock has a 50 day moving average price of GBX 247.70 and a 200-day moving average price of GBX 220.17.

Hollywood Bowl Group Increases Dividend

The business also recently announced a dividend, which was paid on Friday, February 24th. Investors of record on Thursday, February 2nd were given a dividend of GBX 11.53 ($0.14) per share. The ex-dividend date of this dividend was Thursday, February 2nd. This is an increase from Hollywood Bowl Group’s previous dividend of $3.00. This represents a yield of 4.85%. Hollywood Bowl Group’s payout ratio is 5,714.29%.

Insider Activity at Hollywood Bowl Group

In related news, insider Laurence Keen sold 158,834 shares of Hollywood Bowl Group stock in a transaction on Thursday, February 16th. The stock was sold at an average price of GBX 249 ($3.03), for a total transaction of £395,496.66 ($482,019.09). 4.96% of the stock is owned by company insiders.

About Hollywood Bowl Group

(Get Rating)

Hollywood Bowl Group plc operates ten-pin bowling and mini-golf centers in the United Kingdom. The company also supplies and installs bowling equipment. As of December 16, 2022, it operated 75 centers under the Hollywood Bowl, Puttstars, and Splitsville brands. The company was incorporated in 2016 and is based in Hemel Hempstead, the United Kingdom.