Hollywood Bowl Group (LON:BOWL) Downgraded by Peel Hunt to “Add”

Hollywood Bowl Group (LON:BOWL) was downgraded by research analysts at Peel Hunt to an “add” rating in a report released on Tuesday, ThisIsMoney.Co.Uk reports.

Several other research firms have also issued reports on BOWL. Berenberg Bank reissued a “buy” rating and set a GBX 280 ($3.66) price target on shares of Hollywood Bowl Group in a report on Tuesday, October 8th. Shore Capital reissued a “buy” rating on shares of Hollywood Bowl Group in a report on Tuesday, October 8th. Liberum Capital reissued a “buy” rating on shares of Hollywood Bowl Group in a report on Tuesday, October 8th. Finally, JPMorgan Chase & Co. boosted their price target on Hollywood Bowl Group from GBX 260 ($3.40) to GBX 270 ($3.53) and gave the company an “overweight” rating in a report on Wednesday, October 9th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Hollywood Bowl Group presently has an average rating of “Buy” and a consensus price target of GBX 278.75 ($3.64).

LON:BOWL traded down GBX 4 ($0.05) during mid-day trading on Tuesday, hitting GBX 230 ($3.01). 18,948 shares of the company traded hands, compared to its average volume of 140,334. The stock’s fifty day moving average price is GBX 231.30 and its 200-day moving average price is GBX 227.64. Hollywood Bowl Group has a one year low of GBX 175 ($2.29) and a one year high of GBX 255 ($3.33). The company has a quick ratio of 1.36, a current ratio of 1.42 and a debt-to-equity ratio of 28.68. The firm has a market cap of $351.75 million and a price-to-earnings ratio of 16.91.

In other Hollywood Bowl Group news, insider Ivan Schofield acquired 15,000 shares of the stock in a transaction dated Friday, October 11th. The shares were acquired at an average cost of GBX 226 ($2.95) per share, for a total transaction of £33,900 ($44,296.35). Also, insider Mathew Hart sold 238,000 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of GBX 228 ($2.98), for a total value of £542,640 ($709,055.27).

Hollywood Bowl Group Company Profile

Hollywood Bowl Group plc operates ten-pin bowling centers under the Hollywood Bowl and AMF brands in the United Kingdom. As of September 30, 2018, it operated approximately 50 Hollywood Bowl centers and 8 AMF centers. The company is headquartered in Hemel Hempstead, the United Kingdom.

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Analyst Recommendations for Hollywood Bowl Group (LON:BOWL)

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