Hollywood Bowl Group (LON:BOWL) Hits New 12-Month High – Still a Buy?

Hollywood Bowl Group plc (LON:BOWL) reached a new 52-week high during mid-day trading on Tuesday. The company traded as high as GBX 357.98 and last traded at GBX 256.67, with a volume of 693,405 shares changing hands. The stock had previously closed at GBX 255.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 450 price target on shares of Hollywood Bowl Group in a report on Wednesday, October 7th. Shore Capital Group reiterated a “buy” rating and set a GBX 350 price objective on shares of Hollywood Bowl Group in a research note on Friday, July 10th. Four analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of GBX 397.75.

Hollywood Bowl Group Price Performance

The company has a market capitalization of £435.89 million, a price-to-earnings ratio of 13.18, a P/E/G ratio of 0.87 and a beta of 0.36. The stock has a fifty day simple moving average of GBX 262.75 and a 200-day simple moving average of GBX 269.22. The company has a debt-to-equity ratio of 149.86, a current ratio of 0.71 and a quick ratio of 1.62.

Hollywood Bowl Group announced that its Board of Directors has approved a share repurchase program on Wednesday, July 1st that permits the company to buy back 0 outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Share buyback programs are usually a sign that the company’s board believes its shares are undervalued.

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.