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Deutsche Bank cuts Hollywood Bowl target price due to summer heatwave reducing indoor footfall

Market News
07 Sep 2026
Proactive Investors
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Bearish
Deutsche Bank cuts Hollywood Bowl target price due to summer heatwave reducing indoor footfall

Deutsche Bank lowered its target price for Hollywood Bowl Group PLC from 376p to 358p after a dry summer led to fewer rainy days, reducing footfall at the indoor entertainment venues. Despite the heatwave causing a short-term decline in visitors as people favored outdoor leisure activities, the bank maintains a 'buy' rating, confident in the company's strong cash flow and growth potential. The update reflects cautious optimism about the second half of the year amid challenging weather conditions.

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