Hollywood Bowl Group (LON:BOWL) Stock Price Down 2.6% – Here’s Why

Hollywood Bowl Group plc (LON:BOWL)’s stock price was down 2.6% during mid-day trading on Friday . The stock traded as low as GBX 277 ($3.38) and last traded at GBX 277 ($3.38). Approximately 8,290,003 shares were traded during trading, an increase of 336% from the average daily volume of 1,899,811 shares. The stock had previously closed at GBX 284.50 ($3.47).

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Shore Capital reiterated a “buy” rating on shares of Hollywood Bowl Group in a research report on Tuesday, December 17th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 420 ($5.13) target price on shares of Hollywood Bowl Group in a report on Thursday, November 28th.

Hollywood Bowl Group Stock Down 2.6 %

The company has a current ratio of 1.24, a quick ratio of 1.62 and a debt-to-equity ratio of 135.91. The firm has a market cap of £476.66 million, a P/E ratio of 1,385.00, a price-to-earnings-growth ratio of 0.87 and a beta of 1.26. The stock’s fifty day moving average is GBX 311.76 and its two-hundred day moving average is GBX 315.36.

Hollywood Bowl Group Increases Dividend

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

Insider Activity at Hollywood Bowl Group

In other news, insider Peter Boddy purchased 100,000 shares of the stock in a transaction on Wednesday, November 13th. The shares were acquired at an average price of GBX 320 ($3.91) per share, for a total transaction of £320,000 ($390,720.39). Also, insider Melanie Dickinson sold 150,000 shares of the company’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of GBX 332 ($4.05), for a total value of £498,000 ($608,058.61). Over the last quarter, insiders acquired 153,210 shares of company stock valued at $47,963,000. Company 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.