Peel Hunt Upgrades Hollywood Bowl Group (LON:BOWL) to “Buy”

Peel Hunt upgraded shares of Hollywood Bowl Group (LON:BOWL) to a buy rating in a research note published on Monday, Stock Target Advisor reports.

Several other brokerages have also recently commented on BOWL. Liberum Capital reissued a buy rating on shares of Hollywood Bowl Group in a research report on Friday, December 13th. Shore Capital reissued a buy rating on shares of Hollywood Bowl Group in a research report on Friday, December 13th. JPMorgan Chase & Co. increased their price target on Hollywood Bowl Group from GBX 260 ($3.42) to GBX 270 ($3.55) and gave the company an overweight rating in a research report on Wednesday, October 9th. Finally, Berenberg Bank reissued a buy rating on shares of Hollywood Bowl Group in a research report on Friday, January 17th. Five research analysts have rated the stock with a buy rating, The company has a consensus rating of Buy and a consensus target price of GBX 286.25 ($3.77).

Shares of LON BOWL opened at GBX 298 ($3.92) on Monday. The stock has a 50 day moving average price of GBX 277.16 and a 200 day moving average price of GBX 238.65. Hollywood Bowl Group has a 52 week low of GBX 205 ($2.70) and a 52 week high of GBX 314 ($4.13). The company has a debt-to-equity ratio of 26.33, a quick ratio of 1.15 and a current ratio of 1.53. The stock has a market capitalization of $447.00 million and a PE ratio of 20.14.

The business also recently declared a dividend, which will be paid on Wednesday, February 19th. Investors of record on Thursday, January 30th will be given a dividend of GBX 9.66 ($0.13) per share. The ex-dividend date is Thursday, January 30th. This is a boost from Hollywood Bowl Group’s previous dividend of $2.27. This represents a yield of 3.83%. Hollywood Bowl Group’s dividend payout ratio is 0.47%.

In related news, insider Stephen Burns purchased 18,312 shares of Hollywood Bowl Group stock in a transaction that occurred on Tuesday, January 7th. The stock was purchased at an average cost of GBX 287 ($3.78) per share, with a total value of £52,555.44 ($69,133.70).

About Hollywood Bowl Group

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.

Further Reading: Initial Coin Offering (ICO)

Analyst Recommendations for Hollywood Bowl Group (LON:BOWL)

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