Benchmark Has Lowered Expectations for Flutter Entertainment (NYSE:FLUT) Stock Price

Key Points

• Benchmark cut Flutter Entertainment’s price target from $132 to $113 but maintained a Buy rating, implying roughly 22% upside from the $92.51 share price. Several other analysts also reduced targets, though the consensus rating remains Moderate Buy.
• Flutter reported quarterly EPS of $0.49, below the $0.54 estimate, while revenue rose 3.3% year over year to $4.33 billion and exceeded expectations. Weak U.S. sports-betting performance has pressured profit guidance and contributed to the stock trading near its 52-week low.
• Company insiders bought shares in recent transactions, while Flutter is also preparing for a CEO transition as Dan Taylor succeeds Peter Jackson. The leadership change adds uncertainty amid softer earnings expectations.

Flutter Entertainment (NYSE:FLUT - Get Free Report) had its target price cut by research analysts at Benchmark from $132.00 to $113.00 in a report released on Thursday,Benzinga reports. The firm currently has a "buy" rating on the stock. Benchmark's price objective would suggest a potential upside of 22.15% from the company's current price.

A number of other analysts have also weighed in on the company. BTIG Research lowered their target price on Flutter Entertainment from $120.00 to $113.00 and set a "buy" rating for the company in a research note on Wednesday. Moffett Nathanson lowered shares of Flutter Entertainment from a "buy" rating to a "neutral" rating and set a $127.00 target price on the stock. in a research report on Friday, April 24th. Needham & Company LLC decreased their price target on shares of Flutter Entertainment from $135.00 to $110.00 and set a "buy" rating on the stock in a research note on Thursday. Stifel Nicolaus reduced their price objective on Flutter Entertainment from $161.00 to $133.00 and set a "buy" rating on the stock in a report on Thursday. Finally, Wedbush reiterated an "outperform" rating and issued a $126.00 price objective on shares of Flutter Entertainment in a research report on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $168.87.

Flutter Entertainment Price Performance

Shares of NYSE FLUT traded down $0.40 during mid-day trading on Thursday, hitting $92.51. 2,644,254 shares of the stock were exchanged, compared to its average volume of 3,402,485. The company has a market cap of $16.09 billion, a P/E ratio of -43.27, a PEG ratio of 1.44 and a beta of 1.28. The stock's fifty day simple moving average is $104.63 and its two-hundred day simple moving average is $114.33. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.90 and a current ratio of 0.90. Flutter Entertainment has a twelve month low of $89.71 and a twelve month high of $313.68.

Flutter Entertainment (NYSE:FLUT - Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported $0.49 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.05). Flutter Entertainment had a positive return on equity of 11.60% and a negative net margin of 2.20%.The business had revenue of $4.33 billion during the quarter, compared to analyst estimates of $4.24 billion. During the same period in the previous year, the firm earned $2.95 earnings per share. The firm's revenue was up 3.3% compared to the same quarter last year. As a group, analysts forecast that Flutter Entertainment will post 4.72 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director John A. Bryant bought 1,950 shares of the company's stock in a transaction on Friday, May 8th. The shares were purchased at an average cost of $102.86 per share, for a total transaction of $200,577.00. Following the acquisition, the director owned 9,235 shares of the company's stock, valued at approximately $949,912.10. This represents a 26.77% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO James Philip Bishop bought 1,000 shares of the stock in a transaction on Monday, May 11th. The shares were purchased at an average price of $99.75 per share, with a total value of $99,750.00. Following the acquisition, the chief operating officer owned 17,605 shares in the company, valued at approximately $1,756,098.75. This represents a 6.02% increase in their position. The SEC filing for this purchase provides additional information. In the last three months, insiders acquired 10,453 shares of company stock worth $1,045,526 and sold 5,994 shares worth $577,293. 0.13% of the stock is owned by company insiders.

Institutional Investors Weigh In On Flutter Entertainment

Institutional investors have recently made changes to their positions in the stock. Cibc World Markets Corp bought a new position in Flutter Entertainment in the 4th quarter valued at about $1,678,841,000. Hsbc Holdings PLC raised its position in Flutter Entertainment by 33,988.7% during the first quarter. Hsbc Holdings PLC now owns 5,605,543 shares of the company's stock valued at $575,185,000 after purchasing an additional 5,589,099 shares in the last quarter. Capital International Investors lifted its stake in Flutter Entertainment by 146.8% during the fourth quarter. Capital International Investors now owns 8,039,066 shares of the company's stock worth $1,728,772,000 after purchasing an additional 4,782,302 shares during the last quarter. Norges Bank acquired a new stake in shares of Flutter Entertainment in the 4th quarter valued at $694,009,000. Finally, Amundi raised its holdings in shares of Flutter Entertainment by 463.7% during the 1st quarter. Amundi now owns 2,059,906 shares of the company's stock worth $210,007,000 after buying an additional 1,694,474 shares in the last quarter.

Flutter Entertainment News Roundup

Here are the key news stories impacting Flutter Entertainment this week:

• Positive Sentiment: Needham & Company maintained a Buy rating despite lowering its price target from $135 to $110, implying substantial potential upside from the current $92.96 level. Benzinga analyst rating report
• Positive Sentiment: BTIG also retained a Buy rating, although it reduced its target from $120 to $113. The continued Buy ratings suggest some analysts view the selloff as excessive and expect longer-term recovery. The Fly analyst rating report
• Neutral Sentiment: Flutter appointed company veteran Dan Taylor as group CEO effective October 1, succeeding Peter Jackson. Taylor’s experience may provide continuity, but the leadership change adds uncertainty during a period of weaker U.S. sports-betting performance. Flutter CEO transition announcement
• Negative Sentiment: Q2 adjusted EPS was $0.49, below the approximately $0.54 consensus estimate and sharply below $2.95 a year earlier. Revenue of $4.33 billion exceeded estimates of $4.24 billion and increased 3.3% year over year, but the earnings miss is the more significant market concern. Flutter Q2 2026 financial results
• Negative Sentiment: Management lowered its profit outlook again as the U.S. business struggled, while 2026 revenue guidance of $17.4 billion to $18.4 billion provides limited upside versus the $18.3 billion consensus estimate. Reports also indicated Flutter may swing to a loss. Wall Street Journal outlook report
• Negative Sentiment: Zacks Research downgraded Flutter from Hold to Strong Sell, adding to the negative analyst reaction. The combination of the earnings miss, weaker guidance and CEO exit explains why shares have decreased and reached a new 52-week low. Zacks Research rating

Flutter Entertainment Company Profile

Flutter Entertainment plc is a global sports betting and gaming company that operates a portfolio of consumer-facing brands and digital platforms. The company's primary activities include online sports betting, casino gaming, poker, and daily fantasy sports, delivered through web and mobile applications as well as retail betting locations in select markets. Flutter focuses on product development, customer acquisition and engagement, and compliance with local gambling regulations across the jurisdictions where it operates.

Flutter's brand portfolio includes well-known names in different regional markets, such as FanDuel in the United States, PokerStars, Betfair, Paddy Power and Sky Betting & Gaming in Europe and elsewhere.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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