Hollywood Bowl Group (LON:BOWL) Stock Price Passes Below 50 Day Moving Average – Here’s Why

Shares of Hollywood Bowl Group plc (LON:BOWL) passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 256.30 and traded as low as GBX 237. Hollywood Bowl Group shares last traded at GBX 242.50, with a volume of 981,572 shares trading hands.

Analysts Set New Price Targets

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 440 target price on shares of Hollywood Bowl Group in a report on Monday, January 19th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of GBX 400.

Hollywood Bowl Group Price Performance

The business’s 50 day simple moving average is GBX 256.30 and its 200-day simple moving average is GBX 265.76. The stock has a market capitalization of £404.62 million, a price-to-earnings ratio of 12.04, a P/E/G ratio of 0.87 and a beta of 0.23. The company has a quick ratio of 1.62, a current ratio of 0.61 and a debt-to-equity ratio of 155.86.

Insiders Place Their Bets

In other Hollywood Bowl Group news, insider Asheeka Hyde bought 1,000 shares of Hollywood Bowl Group stock in a transaction on Friday, February 13th. The shares were purchased at an average price of GBX 260 per share, with a total value of £2,600. Also, insider Melanie Dickinson purchased 2,222 shares of the stock in a transaction dated Friday, March 6th. The shares were acquired at an average cost of GBX 243 per share, with a total value of £5,399.46. Over the last three months, insiders acquired 4,703 shares of company stock worth $1,159,829 and sold 337,043 shares worth $88,008,421. Corporate insiders own 3.69% 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.