Hollywood Bowl Group (LON:BOWL) Reaches New 1-Year Low - Here's What Happened

Hollywood Bowl Group plc (LON:BOWL - Get Free Report)'s stock price hit a new 52-week low during trading on Friday . The stock traded as low as GBX 246.50 ($3.15) and last traded at GBX 249.50 ($3.19), with a volume of 9137462 shares trading hands. The stock had previously closed at GBX 267 ($3.41).

Analysts Set New Price Targets

Separately, Shore Capital reaffirmed a "buy" rating on shares of Hollywood Bowl Group in a research note on Tuesday, February 18th.

Hollywood Bowl Group Price Performance

The stock has a 50-day simple moving average of GBX 266.11 and a 200 day simple moving average of GBX 293.84. The company has a current ratio of 0.95, a quick ratio of 1.62 and a debt-to-equity ratio of 143.39. The stock has a market capitalization of £430.07 million, a price-to-earnings ratio of 12.19, a price-to-earnings-growth ratio of 0.87 and a beta of 1.26.

Hollywood Bowl Group Increases Dividend

The company also recently announced 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. This represents a yield of 2.42%. The ex-dividend date was Thursday, January 30th. Hollywood Bowl Group's dividend payout ratio is presently 63.64%.

Insider Buying and Selling

In related news, insider Julia Porter acquired 2,000 shares of the business's stock in a transaction that occurred on Monday, January 20th. The shares were acquired at an average cost of GBX 288 ($3.68) per share, with a total value of £5,760 ($7,360.08). Also, insider Ivan Schofield bought 28,300 shares of Hollywood Bowl Group stock in a transaction that occurred on Monday, February 3rd. The stock was bought at an average price of GBX 277 ($3.54) per share, with a total value of £78,391 ($100,167.39). Over the last quarter, insiders have bought 97,800 shares of company stock worth $26,392,600. Insiders own 4.36% of the company's stock.

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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.