Hollywood Bowl Group’s (BOWL) Buy Rating Reaffirmed at Berenberg Bank

Berenberg Bank restated their buy rating on shares of Hollywood Bowl Group (LON:BOWL) in a research note released on Tuesday, Marketbeat reports. The firm currently has a GBX 410 ($5.10) price target on the stock.

Hollywood Bowl Group Stock Up 1.3 %

Shares of LON BOWL opened at GBX 333.29 ($4.15) on Tuesday. Hollywood Bowl Group has a 52 week low of GBX 211.85 ($2.64) and a 52 week high of GBX 345.50 ($4.30). The business has a 50-day simple moving average of GBX 322.37 and a two-hundred day simple moving average of GBX 291.65. The company has a quick ratio of 1.62, a current ratio of 1.53 and a debt-to-equity ratio of 131.27. The company has a market cap of £571.86 million, a P/E ratio of 1,645.00, a P/E/G ratio of 0.87 and a beta of 1.24.

Hollywood Bowl Group Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, February 23rd. Stockholders of record on Thursday, February 1st were given a dividend of GBX 11.27 ($0.14) per share. This represents a dividend yield of 3.99%. The ex-dividend date was Thursday, February 1st. This is an increase from Hollywood Bowl Group’s previous dividend of $3.27. Hollywood Bowl Group’s dividend payout ratio (DPR) is 6,000.00%.

Insider Activity

In related news, insider Ivan Schofield sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of GBX 334 ($4.16), for a total transaction of £66,800 ($83,156.98). In other Hollywood Bowl Group news, insider Stephen Burns sold 165,696 shares of Hollywood Bowl Group stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of GBX 321 ($4.00), for a total value of £531,884.16 ($662,123.94). Also, insider Ivan Schofield sold 20,000 shares of Hollywood Bowl Group stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of GBX 334 ($4.16), for a total value of £66,800 ($83,156.98). In the last 90 days, insiders sold 235,696 shares of company stock worth $74,948,416. 4.25% of the stock is currently owned by insiders.

Hollywood Bowl Group Company Profile

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