Full House Resorts, Inc. (NASDAQ:FLL) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Full House Resorts, Inc. (NASDAQ:FLL) have been given a consensus recommendation of “Moderate Buy” by the four research firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $3.50.

Several equities analysts have recently issued reports on the stock. Citigroup reaffirmed a “market outperform” rating on shares of Full House Resorts in a research note on Friday, August 7th. Wall Street Zen upgraded shares of Full House Resorts from a “sell” rating to a “hold” rating in a report on Sunday, August 16th. Citizens Jmp decreased their price target on shares of Full House Resorts from $4.00 to $3.00 and set a “market outperform” rating on the stock in a research report on Friday, August 7th. Finally, Weiss Ratings raised Full House Resorts from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday.

Institutional Investors Weigh In On Full House Resorts

A number of institutional investors and hedge funds have recently modified their holdings of the stock. HRT Financial LP purchased a new stake in shares of Full House Resorts during the fourth quarter valued at $27,000. Jane Street Group LLC purchased a new position in Full House Resorts in the 1st quarter worth about $54,000. Tower Research Capital LLC TRC raised its holdings in Full House Resorts by 570.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 15,708 shares of the company’s stock worth $57,000 after buying an additional 13,366 shares during the period. Occudo Quantitative Strategies LP acquired a new stake in Full House Resorts during the 2nd quarter worth about $60,000. Finally, AXQ Capital LP purchased a new stake in Full House Resorts during the second quarter valued at about $64,000. 37.68% of the stock is owned by institutional investors and hedge funds.

Full House Resorts Trading Down 1.5%

Shares of NASDAQ:FLL opened at $2.03 on Tuesday. The company has a 50 day moving average of $2.40 and a 200-day moving average of $2.49. The company has a current ratio of 0.62, a quick ratio of 0.59 and a debt-to-equity ratio of 187.23. The firm has a market cap of $73.61 million, a P/E ratio of -1.99 and a beta of 1.24. Full House Resorts has a twelve month low of $1.96 and a twelve month high of $3.80.

Full House Resorts (NASDAQ:FLL) last issued its quarterly earnings results on Thursday, August 6th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $78.06 million for the quarter, compared to analyst estimates of $78.42 million.

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.