Full House Resorts, Inc. (NASDAQ:FLL) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• Analysts hold a “Moderate Buy” consensus on Full House Resorts, with three buy ratings and one sell rating. The average 12-month price target is $3.50, above the stock’s reported opening price of $2.03.
• Full House Resorts reported a quarterly loss of $0.24 per share, missing the $0.17 consensus estimate, while revenue of $78.06 million was slightly below expectations.
• The company faces significant financial risk, including a 187.23 debt-to-equity ratio, negative net margin, and negative return on equity. Institutional investors own 37.68% of the stock, with several funds recently initiating or increasing positions.

Full House Resorts, Inc. (NASDAQ:FLL - Get Free Report) has been given a consensus rating of "Moderate Buy" by the four brokerages that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating and three have assigned a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $3.50.

FLL has been the topic of several research reports. Citigroup reissued a "market outperform" rating on shares of Full House Resorts in a research report on Friday, August 7th. Weiss Ratings upgraded Full House Resorts from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Thursday. Wall Street Zen upgraded Full House Resorts from a "sell" rating to a "hold" rating in a research note on Sunday, August 16th. Finally, Citizens Jmp cut their target price on Full House Resorts from $4.00 to $3.00 and set a "market outperform" rating on the stock in a research note on Friday, August 7th.

Full House Resorts Stock Performance

Shares of FLL stock opened at $2.03 on Tuesday. The company has a debt-to-equity ratio of 187.23, a quick ratio of 0.59 and a current ratio of 0.62. Full House Resorts has a one year low of $1.96 and a one year high of $3.80. The company's 50-day simple moving average is $2.40 and its 200-day simple moving average is $2.49. The stock has a market capitalization of $73.61 million, a price-to-earnings ratio of -1.99 and a beta of 1.24.

Full House Resorts (NASDAQ:FLL - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.17) by ($0.07). Full House Resorts had a negative net margin of 12.06% and a negative return on equity of 473.31%. The firm had revenue of $78.06 million during the quarter, compared to the consensus estimate of $78.42 million.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of FLL. Occudo Quantitative Strategies LP acquired a new stake in shares of Full House Resorts in the second quarter valued at approximately $60,000. Tower Research Capital LLC TRC boosted its position in shares of Full House Resorts by 570.7% during the second quarter. Tower Research Capital LLC TRC now owns 15,708 shares of the company's stock worth $57,000 after buying an additional 13,366 shares during the period. Jane Street Group LLC bought a new position in Full House Resorts in the 1st quarter worth approximately $54,000. HRT Financial LP bought a new position in Full House Resorts in the 4th quarter worth approximately $27,000. Finally, AXQ Capital LP acquired a new stake in Full House Resorts in the 2nd quarter valued at approximately $64,000. 37.68% of the stock is owned by institutional investors and hedge funds.

Full House Resorts Company Profile

Full House Resorts, Inc NASDAQ: FLL is a gaming, lodging and entertainment company headquartered in Summerfield, Nevada. Founded in 1987, the company designs, develops and operates casino resorts and ancillary hospitality facilities in multiple U.S. markets. Its business model emphasizes regional gaming properties that combine slot machines, table games, hotel accommodations and live entertainment to serve a broad customer base.

The company's property portfolio spans five states, including Bronco Billy's Casino & Hotel and Grand Lodge Casino in Black Hawk, Colorado; Silver Slipper Casino Hotel and Harlow's Casino Resort in Mississippi; Running Aces Harness Park & Casino in Minnesota; Rising Star Casino Resort in Indiana; and Stockman's Casino in Nevada.

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