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The latest announcement is out from Hollywood Bowl ( (GB:BOWL) ).
Hollywood Bowl Group plc announced the purchase of 34,084 of its ordinary shares at a weighted average price of 243.0267 pence per share, as part of its share buyback program. The company intends to cancel these shares, which could potentially enhance shareholder value by reducing the number of shares outstanding, thus increasing earnings per share.
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’s strong financial performance and strategic corporate actions, such as share buybacks, are major positives. However, technical indicators present a mixed outlook, and reduced free cash flow growth is a concern.
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, offering entertainment and leisure services centered around bowling activities.
Average Trading Volume: 1,152,956
Technical Sentiment Signal: Hold
Current Market Cap: £409.3M
See more insights into BOWL stock on TipRanks’ Stock Analysis page.