Full House Resorts (NASDAQ:FLL) Raised to “Hold” at Wall Street Zen

Full House Resorts (NASDAQ:FLL) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued to investors on Sunday.

Other analysts have also recently issued research reports about the company. Citigroup reiterated a “market outperform” rating on shares of Full House Resorts in a research report on Friday, August 7th. Weiss Ratings raised Full House Resorts from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, July 31st. Finally, Citizens Jmp dropped their price target on Full House Resorts from $4.00 to $3.00 and set a “market outperform” rating for the company in a research note on Friday, August 7th. Three equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $3.50.

Full House Resorts Trading Down 2.2%

Shares of Full House Resorts stock opened at $2.18 on Friday. Full House Resorts has a fifty-two week low of $2.02 and a fifty-two week high of $3.85. The company has a debt-to-equity ratio of 187.23, a quick ratio of 0.59 and a current ratio of 0.62. The company has a market capitalization of $79.05 million, a P/E ratio of -2.14 and a beta of 1.24. The company has a fifty day moving average of $2.56 and a 200 day moving average of $2.51.

Full House Resorts (NASDAQ:FLL) last posted its quarterly earnings results on Thursday, August 6th. The company reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.07). Full House Resorts had a negative net margin of 12.06% and a negative return on equity of 473.31%. The business had revenue of $78.06 million for the quarter, compared to the consensus estimate of $78.42 million.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Jump Financial LLC bought a new stake in shares of Full House Resorts in the second quarter worth about $233,000. Brevan Howard Capital Management LP purchased a new stake in shares of Full House Resorts in the second quarter worth about $231,000. XTX Topco Ltd boosted its stake in Full House Resorts by 129.1% during the fourth quarter. XTX Topco Ltd now owns 51,423 shares of the company’s stock valued at $134,000 after buying an additional 28,979 shares during the last quarter. Bank of America Corp DE boosted its stake in Full House Resorts by 67.1% during the third quarter. Bank of America Corp DE now owns 40,273 shares of the company’s stock valued at $129,000 after buying an additional 16,168 shares during the last quarter. Finally, Quadrature Capital Ltd purchased a new position in Full House Resorts during the 4th quarter valued at approximately $89,000. Institutional investors own 37.68% of the company’s stock.

About Full House Resorts

Full House Resorts, Inc (NASDAQ: FLL) is a gaming, lodging and entertainment company headquartered in Summerfield, Nevada. Founded in 1987, the company designs, develops and operates casino resorts and ancillary hospitality facilities in multiple U.S. markets. Its business model emphasizes regional gaming properties that combine slot machines, table games, hotel accommodations and live entertainment to serve a broad customer base.

The company’s property portfolio spans five states, including Bronco Billy’s Casino & Hotel and Grand Lodge Casino in Black Hawk, Colorado; Silver Slipper Casino Hotel and Harlow’s Casino Resort in Mississippi; Running Aces Harness Park & Casino in Minnesota; Rising Star Casino Resort in Indiana; and Stockman’s Casino in Nevada.