Berenberg Bank Reaffirms Buy Rating for Hollywood Bowl Group (LON:BOWL)

Berenberg Bank reissued their buy rating on shares of Hollywood Bowl Group (LON:BOWL) in a research report sent to investors on Tuesday, MarketBeat Ratings reports. They currently have a GBX 410 ($5.10) price objective on the stock.

Hollywood Bowl Group Trading Up 1.3 %

Shares of LON BOWL opened at GBX 333.29 ($4.15) on Tuesday. 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 business has a fifty day simple moving average of GBX 322.37 and a two-hundred day simple moving average of GBX 291.65. The firm has a market cap of £571.86 million, a PE ratio of 1,645.00, a price-to-earnings-growth ratio of 0.87 and a beta of 1.24. Hollywood Bowl Group has a twelve month low of GBX 211.85 ($2.64) and a twelve month high of GBX 345.50 ($4.30).

Hollywood Bowl Group Increases Dividend

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

Insider Transactions at Hollywood Bowl Group

In related news, insider Ivan Schofield sold 20,000 shares of the business’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of GBX 319 ($3.97), for a total transaction of £63,800 ($79,422.38). In related news, insider Ivan Schofield sold 20,000 shares of the business’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of GBX 319 ($3.97), for a total transaction of £63,800 ($79,422.38). Also, insider Peter Boddy sold 30,000 shares of the business’s stock in a transaction on Friday, January 19th. The stock was sold at an average price of GBX 290 ($3.61), for a total value of £87,000 ($108,303.25). In the last three months, insiders sold 235,696 shares of company stock valued at $74,948,416. Corporate insiders own 4.25% of the company’s stock.

About Hollywood Bowl Group

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.