Full House Resorts, Inc. (NASDAQ:FLL) Stock Now Rated "Moderate Buy" by Sell-Side Brokerages

Key Points

• Analysts give Full House Resorts a “Moderate Buy” consensus: three analysts rate the stock a buy and one rates it a sell, with an average 12-month price target of $3.50.
• Institutional investors own 37.68% of the company, with several hedge funds recently initiating or increasing positions.
• Shares opened at $1.70, near their 52-week low, while the company reported a quarterly loss of $0.24 per share, missing estimates by $0.07, and revenue of $78.06 million, slightly below expectations.

Full House Resorts, Inc. (NASDAQ:FLL - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the four analysts that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating and three have assigned a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $3.50.

A number of equities analysts have weighed in on the company. Wall Street Zen upgraded Full House Resorts from a "sell" rating to a "hold" rating in a research note on Sunday, August 16th. Citigroup reiterated a "market outperform" rating on shares of Full House Resorts in a research report on Friday, August 7th. Weiss Ratings lowered Full House Resorts from a "sell (d-)" rating to a "sell (e+)" rating in a report on Wednesday, September 16th. Finally, Citizens Jmp decreased their price objective on shares of Full House Resorts from $4.00 to $3.00 and set a "market outperform" rating on the stock in a research report on Friday, August 7th.

Hedge Funds Weigh In On Full House Resorts

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. AXQ Capital LP purchased a new stake in shares of Full House Resorts during the 2nd quarter valued at $64,000. R Squared Ltd grew its position in Full House Resorts by 21.7% in the first quarter. R Squared Ltd now owns 30,944 shares of the company's stock worth $70,000 after acquiring an additional 5,527 shares in the last quarter. Jefferies Financial Group Inc. purchased a new position in Full House Resorts in the second quarter worth $206,000. GSA Capital Partners LLP bought a new position in Full House Resorts in the second quarter valued at $237,000. Finally, One Wealth Advisors LLC bought a new position in Full House Resorts in the second quarter valued at $361,000. Hedge funds and other institutional investors own 37.68% of the company's stock.

Full House Resorts Stock Down 2.9%

FLL opened at $1.70 on Friday. The company has a fifty day moving average price of $2.12 and a 200-day moving average price of $2.44. The firm has a market capitalization of $61.64 million, a P/E ratio of -1.67 and a beta of 1.22. The company has a debt-to-equity ratio of 187.23, a current ratio of 0.62 and a quick ratio of 0.59. Full House Resorts has a one year low of $1.68 and a one year high of $3.46.

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

Full House Resorts Company Profile

Full House Resorts, Inc is a regional gaming and hospitality company that owns, operates, and manages casinos and related entertainment properties in the United States. Its properties typically include casino gaming, hotel accommodations, restaurants, bars, entertainment venues, and other amenities serving local and regional visitors.

The company's portfolio includes properties in Colorado, Mississippi, Nevada, and Indiana. Its Colorado operations include Chamonix Casino Hotel, Bronco Billy's Casino, and Colorado Grande Casino in Cripple Creek.

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