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Hollywood Bowl ( (GB:BOWL) ) has issued an update.
Hollywood Bowl Group plc has announced the repurchase of 55,403 of its ordinary shares at a weighted average price of 251.4757 pence per share, as part of its share buyback program. The company plans to cancel these shares, a move that could potentially enhance shareholder value by reducing the number of shares outstanding and increasing earnings per share.
The most recent analyst rating on (GB:BOWL) stock is a Buy with a £3.76 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.
The overall stock score reflects strong corporate events and solid financial performance, balanced by neutral technical indicators. Share buybacks and insider purchases add confidence, but cash flow challenges remain 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, focusing on providing entertainment through its bowling centers.
Average Trading Volume: 1,132,130
Technical Sentiment Signal: Hold
Current Market Cap: £415.4M
For a thorough assessment of BOWL stock, go to TipRanks’ Stock Analysis page.