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Hollywood Bowl ( (GB:BOWL) ) has shared an update.
Hollywood Bowl Group plc has announced a share buyback, purchasing 38,866 of its ordinary shares at a weighted average price of 244.3127 pence per share. The company intends to cancel these shares, which could potentially enhance shareholder value by reducing the number of shares outstanding, thereby increasing earnings per share and potentially improving market perception.
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 scores well overall due to strong financial performance and positive corporate events that signal confidence in the company’s stability and growth. While technical indicators are currently neutral, the stock’s valuation remains attractive, supported by a reasonable P/E ratio and healthy dividend yield. The absence of recent earnings call data does not detract from the overall positive outlook.
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: 1,153,167
Technical Sentiment Signal: Hold
Current Market Cap: £412M
For an in-depth examination of BOWL stock, go to TipRanks’ Overview page.