Hollywood Bowl Group (LON:BOWL) Reaches New 52-Week Low – Time to Sell?

Shares of Hollywood Bowl Group plc (LON:BOWL) reached a new 52-week low during trading on Tuesday . The company traded as low as GBX 256.50 ($3.26) and last traded at GBX 257 ($3.27), with a volume of 553721 shares traded. The stock had previously closed at GBX 263 ($3.34).

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Shore Capital reiterated a “buy” rating on shares of Hollywood Bowl Group in a report on Tuesday, February 18th. Berenberg Bank restated a “buy” rating and issued a GBX 420 ($5.34) target price on shares of Hollywood Bowl Group in a research report on Thursday, November 28th.

Hollywood Bowl Group Price Performance

The company has a quick ratio of 1.62, a current ratio of 0.95 and a debt-to-equity ratio of 143.39. The company has a 50 day moving average of GBX 280.95 and a two-hundred day moving average of GBX 305.44. The firm has a market cap of £443.88 million, a P/E ratio of 12.58, a PEG ratio of 0.87 and a beta of 1.26.

Hollywood Bowl Group (LON:BOWL) last announced its quarterly earnings data on Tuesday, December 17th. The company reported GBX 18.82 ($0.24) earnings per share (EPS) for the quarter. Hollywood Bowl Group had a net margin of 15.73% and a return on equity of 23.23%. Sell-side analysts expect that Hollywood Bowl Group plc will post 22.5511696 EPS for the current year.

Hollywood Bowl Group Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, February 21st. Shareholders of record on Thursday, January 30th were given a GBX 8.08 ($0.10) dividend. This is a positive change from Hollywood Bowl Group’s previous dividend of $3.98. The ex-dividend date was Thursday, January 30th. This represents a yield of 2.42%. Hollywood Bowl Group’s payout ratio is 63.64%.

Insider Buying and Selling at Hollywood Bowl Group

In other news, insider Julia Porter bought 2,000 shares of the firm’s stock in a transaction on Monday, January 20th. The stock was bought at an average cost of GBX 288 ($3.66) per share, for a total transaction of £5,760 ($7,319.86). Also, insider Ivan Schofield purchased 37,500 shares of the business’s stock in a transaction dated Thursday, February 20th. The shares were purchased at an average price of GBX 273 ($3.47) per share, for a total transaction of £102,375 ($130,099.12). Over the last 90 days, insiders have purchased 121,010 shares of company stock valued at $34,615,600. Corporate insiders own 4.36% 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.