Isle of Capri Casinos Inc. (ISLE) Lowered to “Sell” at Zacks Investment Research

Zacks Investment Research downgraded shares of Isle of Capri Casinos Inc. (NASDAQ:ISLE) from a hold rating to a sell rating in a research note published on Tuesday morning.

According to Zacks, “Isle of Capri Casinos is a developer, owner and operator of branded gaming and related lodging and entertainment facilities in growing markets in the United States. The company wholly or partially owns and operates gaming facilities under the name Isle of Capri. In addition, the company wholly owns and operates a pari-mutuel harness racing facility and owns interests in and operates gaming activities aboard a cruise ship based. “

Other research analysts have also issued reports about the stock. Gabelli lowered shares of Isle of Capri Casinos from a buy rating to a hold rating in a research note on Tuesday, September 20th. Stifel Nicolaus lowered shares of Isle of Capri Casinos from a buy rating to a hold rating in a research note on Tuesday, September 20th. TheStreet lowered shares of Isle of Capri Casinos from a buy rating to a hold rating in a research note on Tuesday, August 30th. Deutsche Bank AG reissued a hold rating and set a $18.00 target price on shares of Isle of Capri Casinos in a research note on Monday, June 27th. Finally, Macquarie lowered shares of Isle of Capri Casinos from an outperform rating to a neutral rating and set a $23.00 target price for the company. in a research note on Wednesday, September 21st. One equities research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the stock. Isle of Capri Casinos has a consensus rating of Hold and a consensus target price of $19.33.

Isle of Capri Casinos (NASDAQ:ISLE) opened at 21.63 on Tuesday. Isle of Capri Casinos has a 52 week low of $10.62 and a 52 week high of $23.32. The stock’s 50 day moving average is $20.37 and its 200-day moving average is $17.66. The stock has a market capitalization of $893.38 million, a PE ratio of 16.79 and a beta of 1.47.

Isle of Capri Casinos (NASDAQ:ISLE) last announced its quarterly earnings data on Tuesday, August 30th. The company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by $0.04. Isle of Capri Casinos had a net margin of 5.49% and a return on equity of 82.82%. The business had revenue of $240.86 million for the quarter, compared to the consensus estimate of $246.88 million. During the same period in the prior year, the company earned $0.28 EPS. Isle of Capri Casinos’s quarterly revenue was down 2.5% on a year-over-year basis. Equities research analysts forecast that Isle of Capri Casinos will post $1.24 EPS for the current year.

Several hedge funds have recently modified their holdings of ISLE. Nationwide Fund Advisors raised its stake in shares of Isle of Capri Casinos by 0.5% in the second quarter. Nationwide Fund Advisors now owns 64,046 shares of the company’s stock worth $1,173,000 after buying an additional 288 shares in the last quarter. Metropolitan Life Insurance Co. NY raised its stake in shares of Isle of Capri Casinos by 5.6% in the first quarter. Metropolitan Life Insurance Co. NY now owns 18,354 shares of the company’s stock worth $257,000 after buying an additional 975 shares in the last quarter. American International Group Inc. raised its stake in shares of Isle of Capri Casinos by 10.8% in the second quarter. American International Group Inc. now owns 14,398 shares of the company’s stock worth $264,000 after buying an additional 1,400 shares in the last quarter. Rhumbline Advisers raised its stake in shares of Isle of Capri Casinos by 6.5% in the second quarter. Rhumbline Advisers now owns 24,715 shares of the company’s stock worth $453,000 after buying an additional 1,502 shares in the last quarter. Finally, Globeflex Capital L P raised its stake in shares of Isle of Capri Casinos by 2.4% in the second quarter. Globeflex Capital L P now owns 85,733 shares of the company’s stock worth $1,571,000 after buying an additional 2,049 shares in the last quarter. 53.63% of the stock is owned by institutional investors.

Isle of Capri Casinos Company Profile

Isle of Capri Casinos, Inc is a developer, owner and operator of branded gaming facilities and related dining, lodging and entertainment facilities in regional markets in the United States. The Company owns or operates over 10 gaming and entertainment facilities in Colorado, Florida, Iowa, Louisiana, Mississippi, Missouri and Pennsylvania.

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