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Hollywood Bowl Group PLC - Hemel Hempstead, England-based ten-pin bowling operator - Peel Hunt raise to ’buy’ (add) - price target 340p. Peel analysts Douglas Jack and Ivor Jones raise Hollywood Bowl to ’buy’ after recent share price weakness and ahead of the company’s interim trading statement, which they expect out on Wednesday next week. The analysts think that like-for-like sales growth, which has averaged 6.1% since 2018, will be key to earnings forecasts and the share price. LFL sales increased by 4.5% in the first quarter of Hollywood Bowl’s financial year, which ends September 30. This was ahead of Peel Hunt’s full-year forecast of 1.3% and the company’s own target of 3%. Hollywood Bowl’s value proposition is ‘compelling’, the analysts say, with the cost of an evening out at one of its bowling centres having fallen to half the leisure sector average. Current stock price: 273.00 pence, up 2.6% in London on Wednesday 12-month change: down 17% Copyright 2025 Alliance News Ltd. All Rights Reserved.
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