Bally's Co. (NYSE:BALY) Receives Consensus Rating of "Hold" from Analysts

Bally's Co. (NYSE:BALY - Get Free Report) has been assigned a consensus rating of "Hold" from the eight brokerages that are currently covering the company, Marketbeat reports. Seven investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $17.13.

BALY has been the topic of a number of recent analyst reports. Citizens Jmp raised Bally's to a "hold" rating in a research note on Tuesday, March 18th. Stifel Nicolaus dropped their price objective on Bally's from $17.00 to $14.00 and set a "hold" rating on the stock in a research note on Thursday, March 6th. Finally, Barclays dropped their price objective on Bally's from $18.00 to $14.00 and set an "equal weight" rating on the stock in a research note on Monday, March 10th.

Hedge Funds Weigh In On Bally's

A number of hedge funds have recently bought and sold shares of the company. Vestcor Inc boosted its holdings in shares of Bally's by 0.6% in the 4th quarter. Vestcor Inc now owns 100,594 shares of the company's stock worth $1,800,000 after buying an additional 594 shares during the last quarter. SG Americas Securities LLC boosted its holdings in shares of Bally's by 7.0% in the 4th quarter. SG Americas Securities LLC now owns 9,493 shares of the company's stock worth $170,000 after buying an additional 624 shares during the last quarter. Wells Fargo & Company MN raised its stake in Bally's by 6.5% in the 4th quarter. Wells Fargo & Company MN now owns 14,055 shares of the company's stock valued at $251,000 after acquiring an additional 860 shares during the period. Invesco Ltd. raised its stake in Bally's by 2.3% in the 4th quarter. Invesco Ltd. now owns 141,584 shares of the company's stock valued at $2,533,000 after acquiring an additional 3,125 shares during the period. Finally, BNP Paribas Financial Markets bought a new stake in Bally's in the 4th quarter valued at about $58,000. 70.41% of the stock is owned by hedge funds and other institutional investors.

Bally's Trading Down 2.3 %

Shares of NYSE BALY traded down $0.29 during trading on Friday, reaching $12.43. The company had a trading volume of 56,210 shares, compared to its average volume of 327,309. The company's fifty day moving average price is $15.06 and its 200-day moving average price is $16.74. Bally's has a 12 month low of $10.00 and a 12 month high of $18.98. The stock has a market cap of $602.98 million, a P/E ratio of -0.83 and a beta of 2.02. The company has a quick ratio of 0.54, a current ratio of 0.56 and a debt-to-equity ratio of 15.62.

Bally's (NYSE:BALY - Get Free Report) last released its quarterly earnings results on Monday, March 17th. The company reported $0.58 EPS for the quarter, beating analysts' consensus estimates of ($0.76) by $1.34. Bally's had a negative return on equity of 79.10% and a negative net margin of 30.04%. The firm had revenue of $580.37 million for the quarter, compared to analyst estimates of $589.83 million. As a group, research analysts expect that Bally's will post -7.26 earnings per share for the current year.

About Bally's

Bally's Corp. is a global casino-entertainment company with a portfolio of casinos and resorts and online gaming businesses. It operates through the following segments: Casinos & Resorts, International Interactive, and North America Interactive. The Casinos & Resorts segment consists of the company's casino and resort properties, a horse racetrack, and a golf course.