Bally's (NYSE:BALY) Shares Down 7.9% - Here's Why

Key Points

• Shares of Bally's fell 7.9% on Monday to $12.68 (intraday low $12.40) on light volume of 28,774 shares, about 67% below the average session volume.
• Analyst sentiment is mixed but weak overall: MarketBeat shows a consensus rating of Reduce with a $16.50 consensus price target, driven by four Hold and two Sell ratings and price targets ranging roughly $11–$20.
• The company's fundamentals show strained liquidity and high leverage—current ratio 0.68, quick ratio 0.66 and debt-to-equity 7.13—along with a negative P/E and a market cap of about $602 million.

Shares of Bally's Corporation (NYSE:BALY - Get Free Report) fell 7.9% during trading on Monday . The stock traded as low as $12.40 and last traded at $12.68. 28,774 shares changed hands during trading, a decline of 67% from the average session volume of 86,876 shares. The stock had previously closed at $13.77.

Analyst Upgrades and Downgrades

Several research firms have recently commented on BALY. Barclays set a $11.00 price objective on Bally's and gave the stock an "underweight" rating in a report on Wednesday, December 17th. Stifel Nicolaus lifted their price target on Bally's from $10.00 to $20.00 and gave the stock a "hold" rating in a research note on Tuesday, November 11th. Truist Financial boosted their price objective on Bally's from $13.00 to $18.00 and gave the company a "hold" rating in a research report on Friday, November 14th. Weiss Ratings reissued a "sell (d-)" rating on shares of Bally's in a research note on Tuesday, January 27th. Finally, Macquarie Infrastructure lifted their target price on shares of Bally's from $12.00 to $17.00 and gave the stock a "neutral" rating in a research note on Friday, November 14th. Four analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, Bally's currently has a consensus rating of "Reduce" and a consensus price target of $16.50.

Bally's Price Performance

The company has a current ratio of 0.68, a quick ratio of 0.66 and a debt-to-equity ratio of 7.13. The business's 50 day moving average price is $15.27 and its two-hundred day moving average price is $14.72. The stock has a market cap of $601.74 million, a P/E ratio of -2.51 and a beta of 1.45.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Rhumbline Advisers boosted its position in shares of Bally's by 9.9% during the third quarter. Rhumbline Advisers now owns 10,160 shares of the company's stock valued at $113,000 after purchasing an additional 916 shares in the last quarter. Police & Firemen s Retirement System of New Jersey lifted its position in Bally's by 96.1% during the fourth quarter. Police & Firemen s Retirement System of New Jersey now owns 2,593 shares of the company's stock valued at $43,000 after buying an additional 1,271 shares during the period. JPMorgan Chase & Co. purchased a new position in Bally's during the second quarter valued at $33,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Bally's during the 2nd quarter valued at $38,000. Finally, Barclays PLC grew its position in shares of Bally's by 43.1% in the 4th quarter. Barclays PLC now owns 15,077 shares of the company's stock worth $249,000 after buying an additional 4,540 shares during the period. Institutional investors own 70.41% of the company's stock.

About Bally's

Bally's Corporation is an integrated entertainment company engaged in the ownership, development and operation of land‐based casinos, sports betting venues and online gaming platforms. The company leverages the iconic Bally's brand under a long‐term license to provide gaming and hospitality services across multiple channels, including retail casinos, mobile sports wagering and interactive casino games.

The company's portfolio spans gaming properties in key U.S. jurisdictions such as Rhode Island, Colorado, New Jersey, Mississippi, Iowa, Indiana, Pennsylvania and Nevada.

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