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An announcement from Hollywood Bowl ( (GB:BOWL) ) is now available.
Hollywood Bowl Group plc has announced the repurchase of 58,798 of its ordinary shares at a weighted average price of 249.6983 pence per share, as part of its share buyback program. The company intends to cancel these shares, a move that could potentially enhance shareholder value by reducing the number of shares outstanding, thereby increasing earnings per share and potentially boosting the stock price.
The most recent analyst rating on (GB:BOWL) stock is a Buy with a £294.00 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, characterized by solid revenue growth and profitability, is the primary driver of its overall score. The technical analysis indicates stable trading conditions, while the valuation suggests the stock is reasonably priced with an attractive dividend yield. The lack of earnings call data and corporate events did not impact the score.
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 through its extensive network of bowling centers.
Average Trading Volume: 886,591
Technical Sentiment Signal: Hold
Current Market Cap: £416.6M
For detailed information about BOWL stock, go to TipRanks’ Stock Analysis page.