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

Bally's Co. (NYSE:BALY - Get Free Report) has been given an average rating of "Hold" by the eight brokerages that are presently covering the firm, MarketBeat reports. Seven analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $16.96.

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

Institutional Trading of Bally's

Large investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC lifted its stake 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 valued at $170,000 after purchasing an additional 624 shares during the last quarter. Yakira Capital Management Inc. raised its stake in shares of Bally's by 40.9% in the fourth quarter. Yakira Capital Management Inc. now owns 165,300 shares of the company's stock valued at $2,957,000 after acquiring an additional 47,943 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Bally's by 120.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 41,001 shares of the company's stock worth $707,000 after acquiring an additional 22,425 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in Bally's in the fourth quarter worth about $401,000. Finally, Wolverine Asset Management LLC raised its holdings in shares of Bally's by 30.3% in the fourth quarter. Wolverine Asset Management LLC now owns 173,238 shares of the company's stock worth $3,099,000 after buying an additional 40,250 shares during the period. Institutional investors own 70.41% of the company's stock.

Bally's Stock Performance

Shares of NYSE BALY opened at $10.95 on Tuesday. The company has a current ratio of 0.56, a quick ratio of 0.54 and a debt-to-equity ratio of 15.62. Bally's has a 12-month low of $10.00 and a 12-month high of $18.98. The firm has a market capitalization of $536.69 million, a price-to-earnings ratio of -0.73 and a beta of 2.04. The firm has a 50 day moving average of $14.02 and a 200 day moving average of $16.19.

Bally's (NYSE:BALY - Get Free Report) last announced its earnings results on Monday, March 17th. The company reported $0.58 EPS for the quarter, topping 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 company had revenue of $580.37 million for the quarter, compared to analysts' expectations of $589.83 million. On average, research analysts anticipate 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.

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