Bally's Corporation (NYSE:BALY) Receives Average Rating of "Hold" from Brokerages

Bally's Corporation (NYSE:BALY - Get Free Report) has earned an average rating of "Hold" from the eight analysts that are presently covering the company, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $16.96.

A number of equities analysts have issued reports on the company. Barclays decreased their price objective on Bally's from $14.00 to $13.00 and set an "equal weight" rating for the company in a report on Tuesday, May 13th. Citizens Jmp raised shares of Bally's to a "hold" rating in a research report on Tuesday, March 18th. Finally, Stifel Nicolaus lowered their price target on shares of Bally's from $17.00 to $14.00 and set a "hold" rating for the company in a research report on Thursday, March 6th.

Bally's Trading Up 1.9%

Shares of NYSE:BALY traded up $0.17 on Friday, hitting $9.31. The company had a trading volume of 163,728 shares, compared to its average volume of 301,637. The firm's 50-day simple moving average is $12.01 and its two-hundred day simple moving average is $15.05. The firm has a market capitalization of $456.28 million, a price-to-earnings ratio of -0.80 and a beta of 1.86. The company has a quick ratio of 0.72, a current ratio of 0.75 and a debt-to-equity ratio of 4.24. Bally's has a 1 year low of $8.51 and a 1 year high of $18.98.

Bally's (NYSE:BALY - Get Free Report) last issued its quarterly earnings data on Monday, March 17th. The company reported $0.58 EPS for the quarter, topping the consensus estimate of ($0.76) by $1.34. Bally's had a negative net margin of 16.95% and a negative return on equity of 34.11%. The business had revenue of $580.37 million during the quarter, compared to analyst estimates of $589.83 million. Equities analysts anticipate that Bally's will post -7.26 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Bally's

A number of hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets purchased a new position in Bally's in the fourth quarter worth about $58,000. Intech Investment Management LLC bought a new stake in shares of Bally's during the fourth quarter valued at approximately $196,000. Two Sigma Advisers LP purchased a new position in Bally's in the 4th quarter worth approximately $250,000. Wells Fargo & Company MN lifted its position 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 in the last quarter. Finally, Spirepoint Private Client LLC purchased a new stake in Bally's during the 1st quarter valued at $246,000. Institutional investors own 70.41% of the company's stock.

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.