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Hollywood Bowl ( (GB:BOWL) ) has provided an announcement.
Hollywood Bowl Group plc announced the purchase of 38,500 of its ordinary shares at a weighted average price of 249.5905 pence per share, as part of a share buyback program. The company plans to cancel these shares, which may impact its share capital structure and potentially enhance shareholder value by reducing the number of shares outstanding.
The most recent analyst rating on (GB:BOWL) stock is a Buy with a £3.84 price target. To see the full list of analyst forecasts on Hollywood Bowl stock, see the GB:BOWL Stock Forecast page.
Spark’s Take on GB:BOWL Stock
According to Spark, TipRanks’ AI Analyst, GB:BOWL is a Outperform.
Hollywood Bowl Group shows a stable financial performance with growth in revenues and manageable debt. Corporate events such as share buybacks and insider purchases boost the score significantly, indicating confidence and potential for shareholder value enhancement. Despite some technical weaknesses, the valuation remains attractive.
To see Spark’s full report on GB:BOWL stock, click here.
More about Hollywood Bowl
Hollywood Bowl Group plc is the largest ten-pin bowling operator in the UK and Canada, focusing on providing entertainment and leisure services through its bowling centers.
Average Trading Volume: 1,147,428
Technical Sentiment Signal: Hold
Current Market Cap: £414.1M
For a thorough assessment of BOWL stock, go to TipRanks’ Stock Analysis page.