Hollywood Bowl Group (LON:BOWL) Stock Passes Below 50-Day Moving Average - Here's What Happened

Hollywood Bowl Group plc (LON:BOWL - Get Free Report) passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 303.04 ($3.77) and traded as low as GBX 286.50 ($3.57). Hollywood Bowl Group shares last traded at GBX 288.50 ($3.59), with a volume of 584,498 shares changing hands.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on BOWL. Shore Capital reaffirmed a "buy" rating on shares of Hollywood Bowl Group in a research report on Tuesday, December 17th. Berenberg Bank restated a "buy" rating and set a GBX 420 ($5.23) target price on shares of Hollywood Bowl Group in a report on Thursday, November 28th.

Hollywood Bowl Group Price Performance

The stock's fifty day moving average is GBX 303.04 and its 200-day moving average is GBX 312.90. The stock has a market cap of £472.36 million, a PE ratio of 1,372.50, a price-to-earnings-growth ratio of 0.87 and a beta of 1.26. The company has a debt-to-equity ratio of 135.91, a current ratio of 1.24 and a quick ratio of 1.62.

Hollywood Bowl Group (LON:BOWL - Get Free Report) last issued its quarterly earnings results on Tuesday, December 17th. The company reported GBX 18.82 ($0.23) earnings per share (EPS) for the quarter. Hollywood Bowl Group had a net margin of 15.71% and a return on equity of 24.25%. As a group, equities analysts anticipate that Hollywood Bowl Group plc will post 22.5511696 EPS for the current year.

Hollywood Bowl Group Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, February 21st. Shareholders of record on Thursday, January 30th will be given a dividend of GBX 8.08 ($0.10) per share. This is a positive change from Hollywood Bowl Group's previous dividend of $3.98. The ex-dividend date of this dividend is Thursday, January 30th. This represents a yield of 2.42%. Hollywood Bowl Group's payout ratio is 6,500.00%.

Insider Buying and Selling at Hollywood Bowl Group

In other Hollywood Bowl Group news, insider Stephen Burns acquired 13,210 shares of the company's stock in a transaction that occurred on Tuesday, December 17th. The shares were purchased at an average price of GBX 300 ($3.74) per share, with a total value of £39,630 ($49,340.14). Also, insider Peter Boddy purchased 100,000 shares of the stock in a transaction dated Wednesday, November 13th. The shares were bought at an average cost of GBX 320 ($3.98) per share, for a total transaction of £320,000 ($398,406.37). Over the last three months, insiders have acquired 155,210 shares of company stock worth $48,539,000. 4.36% of the stock is owned by company insiders.

Hollywood Bowl Group Company Profile

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.