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Hollywood Bowl ( (GB:BOWL) ) just unveiled an update.
Hollywood Bowl Group plc has announced the purchase of 38,509 of its ordinary shares at a weighted average price of 246.5455 pence per share. This buyback is part of a broader strategy to manage its share capital, potentially enhancing shareholder value by reducing the number of shares in circulation.
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 overall score is driven by strong financial performance and positive corporate events, such as share buybacks and insider purchases. The slightly bearish technical indicators and attractive valuation further support the company’s solid market position. Improving cost controls and cash flow generation could enhance future performance.
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. The company focuses on providing entertainment through its bowling centers, catering to a wide market that enjoys leisure activities.
Average Trading Volume: 1,159,336
Technical Sentiment Signal: Hold
Current Market Cap: £412M
Learn more about BOWL stock on TipRanks’ Stock Analysis page.