Hollywood Bowl Group plc (LON:BOWL) Raises Dividend to GBX 8.08 Per Share

Hollywood Bowl Group plc (LON:BOWL) announced a dividend on Wednesday, December 17th,Upcoming Dividends.Co.Uk reports. Stockholders of record on Thursday, January 30th will be given a dividend of GBX 8.08 ($0.10) per share on Friday, February 21st. This represents a dividend yield of 2.42%. The ex-dividend date of this dividend is Thursday, January 30th. This is a boost from Hollywood Bowl Group’s previous dividend of $3.98. The official announcement can be seen at this link.

Hollywood Bowl Group Price Performance

LON:BOWL opened at GBX 286.01 ($3.56) on Tuesday. Hollywood Bowl Group has a 52-week low of GBX 272.29 ($3.39) and a 52-week high of GBX 355 ($4.42). The company has a quick ratio of 1.62, a current ratio of 1.24 and a debt-to-equity ratio of 135.91. The firm has a market cap of £492.17 million, a P/E ratio of 1,430.05, a PEG ratio of 0.87 and a beta of 1.26. The business’s 50-day moving average price is GBX 304.22 and its 200 day moving average price is GBX 313.36.

Hollywood Bowl Group (LON:BOWL) last released its earnings results on Tuesday, December 17th. The company reported GBX 18.82 ($0.23) 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, sell-side analysts predict that Hollywood Bowl Group will post 22.5511696 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Stephen Burns purchased 13,210 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The stock was acquired at an average cost of GBX 300 ($3.73) per share, for a total transaction of £39,630 ($49,309.44). Also, insider Peter Boddy acquired 40,000 shares of the company’s stock in a transaction on Thursday, December 19th. The stock was bought at an average price of GBX 300 ($3.73) per share, for a total transaction of £120,000 ($149,309.44). In the last three months, insiders have bought 155,210 shares of company stock worth $48,539,000. Corporate insiders own 4.36% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on BOWL. Shore Capital restated a “buy” rating on shares of Hollywood Bowl Group in a report on Tuesday, December 17th. Berenberg Bank reissued a “buy” rating and issued a GBX 420 ($5.23) price target on shares of Hollywood Bowl Group in a research note on Thursday, November 28th.

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.