Citizens Jmp Lowers Flutter Entertainment (NYSE:FLUT) Price Target to $165.00

Key Points

• Citizens Jmp lowered its price target for Flutter Entertainment to $165 (from $188) while maintaining a "market outperform" rating, implying roughly a 64% upside from the current share price.
• Multiple brokers have trimmed targets (e.g., UBS to $160, Susquehanna to $143) but the consensus remains a Moderate Buy with an average price target of $199.90.
• Flutter missed Q1 EPS ($1.74 vs. $2.11) despite 24.9% revenue growth, announced a $250M buyback (~1.3% of shares) and saw insiders sell about 17,834 shares in the quarter.

Flutter Entertainment (NYSE:FLUT - Get Free Report) had its target price decreased by equities research analysts at Citizens Jmp from $188.00 to $165.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a "market outperform" rating on the stock. Citizens Jmp's price objective indicates a potential upside of 64.44% from the company's current price.

A number of other research firms have also recently issued reports on FLUT. Susquehanna cut their price target on Flutter Entertainment from $160.00 to $143.00 and set a "positive" rating for the company in a report on Tuesday, March 31st. UBS Group cut their price target on Flutter Entertainment from $300.00 to $160.00 and set a "buy" rating for the company in a report on Wednesday, March 25th. Bank of America cut their price target on Flutter Entertainment from $250.00 to $210.00 and set a "neutral" rating for the company in a report on Thursday, January 22nd. Kepler Capital Markets cut Flutter Entertainment from a "strong-buy" rating to a "hold" rating in a report on Monday, March 16th. Finally, Zacks Research cut Flutter Entertainment from a "hold" rating to a "strong sell" rating in a report on Monday, January 19th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $199.90.

Flutter Entertainment Price Performance

Shares of NYSE FLUT traded up $1.23 during midday trading on Thursday, reaching $100.34. 2,535,120 shares of the company traded hands, compared to its average volume of 3,732,417. The firm has a market cap of $17.50 billion, a PE ratio of -55.55, a PEG ratio of 1.59 and a beta of 1.58. The stock's 50-day simple moving average is $107.86 and its 200-day simple moving average is $167.06. Flutter Entertainment has a 12 month low of $97.94 and a 12 month high of $313.68. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.95 and a current ratio of 0.95.

Flutter Entertainment (NYSE:FLUT - Get Free Report) last issued its quarterly earnings data on Friday, February 27th. The company reported $1.74 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.11 by ($0.37). The company had revenue of $4.76 billion for the quarter, compared to the consensus estimate of $4.87 billion. Flutter Entertainment had a negative net margin of 1.89% and a positive return on equity of 12.12%. The firm's revenue was up 24.9% compared to the same quarter last year. During the same period in the previous year, the business posted $2.94 earnings per share. As a group, equities analysts anticipate that Flutter Entertainment will post 5.14 earnings per share for the current fiscal year.

Flutter Entertainment announced that its Board of Directors has approved a stock repurchase program on Wednesday, March 11th that allows the company to buyback $250.00 million in shares. This buyback authorization allows the company to buy up to 1.3% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board of directors believes its shares are undervalued.

Insider Transactions at Flutter Entertainment

In other news, CEO Jeremy Peter Jackson sold 4,326 shares of Flutter Entertainment stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $108.00, for a total transaction of $467,208.00. Following the completion of the sale, the chief executive officer owned 36,788 shares in the company, valued at $3,973,104. The trade was a 10.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Amy Howe sold 8,895 shares of Flutter Entertainment stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $105.91, for a total transaction of $942,069.45. Following the sale, the chief executive officer owned 78,889 shares of the company's stock, valued at approximately $8,355,133.99. This represents a 10.13% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 17,834 shares of company stock worth $1,900,331 in the last quarter. 0.09% of the stock is owned by company insiders.

Institutional Investors Weigh In On Flutter Entertainment

Several institutional investors have recently modified their holdings of the business. Swiss National Bank grew its position in shares of Flutter Entertainment by 7.1% during the 1st quarter. Swiss National Bank now owns 490,422 shares of the company's stock worth $49,999,000 after buying an additional 32,480 shares during the period. HughesLittle Investment Management Ltd. grew its position in shares of Flutter Entertainment by 34.8% during the 1st quarter. HughesLittle Investment Management Ltd. now owns 329,440 shares of the company's stock worth $33,586,000 after buying an additional 85,050 shares during the period. Financiere des Professionnels Fonds d investissement inc. bought a new stake in shares of Flutter Entertainment in the 1st quarter valued at about $673,000. Bessemer Group Inc. increased its stake in shares of Flutter Entertainment by 1.6% in the 1st quarter. Bessemer Group Inc. now owns 382,161 shares of the company's stock valued at $38,962,000 after acquiring an additional 6,180 shares during the last quarter. Finally, Wealthfront Advisers LLC bought a new stake in shares of Flutter Entertainment in the 1st quarter valued at about $284,000.

Key Stories Impacting Flutter Entertainment

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

• Positive Sentiment: Company continues executing its $5bn buyback programme (recent cancellations of shares), which supports EPS and signals shareholder return commitment. Read More.
• Positive Sentiment: Q1 revenue beat and slight EPS outperformance vs. consensus — revenue and top-line growth were solid, providing underlying operational reassurance. Read More.
• Neutral Sentiment: Multiple analysts kept “buy” ratings but trimmed price targets (Benchmark, BTIG, Needham), reflecting lower near-term expectations while still seeing medium-term upside. Read More.
• Neutral Sentiment: Company says it will complete its London listing review in Q2 and maintained 2026 revenue targets midpoint — a signal of strategic continuity but not an immediate catalyst. Read More.
• Negative Sentiment: Management shake-up at FanDuel: CEO Amy Howe has departed and senior roles were reorganised, creating near-term execution uncertainty at Flutter’s key U.S. asset. Read More.
• Negative Sentiment: Company trimmed full-year guidance and reported a sharp drop in net income (reported profit decline and margin pressure), which prompted concern over margins and acquisition/investment costs. Read More.
• Negative Sentiment: Market commentary highlights U.S. growth risks (some analysts say shares are pricing little-to-no U.S. growth), a key negative given FanDuel’s contribution to group value. Read More.

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.

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