Full House Resorts, Inc. (NASDAQ:FLL) Given Average Rating of "Hold" by Brokerages

Key Points

• Analyst sentiment is mixed: Five analysts give Full House Resorts an average “Hold” rating, with three buys, one hold and one sell. The average 12-month price target is $4.00 versus the stock’s $2.19 opening price.
• Recent results fell short of expectations: The company reported a quarterly loss of $0.24 per share, missing the $0.17 loss consensus, while revenue of $78.06 million was slightly below estimates.
• Financial risk remains elevated: Full House Resorts has a debt-to-equity ratio of 187.23, negative net margin and negative return on equity, while institutional investors own 37.68% of the stock.

Full House Resorts, Inc. (NASDAQ:FLL - Get Free Report) has been given an average recommendation of "Hold" by the five analysts that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $4.00.

Several brokerages have recently commented on FLL. Weiss Ratings upgraded shares of Full House Resorts from a "sell (e+)" rating to a "sell (d-)" rating in a report on Friday, July 31st. Wall Street Zen raised Full House Resorts from a "sell" rating to a "hold" rating in a report on Saturday, July 18th. Finally, Citigroup reissued a "market outperform" rating on shares of Full House Resorts in a research report on Friday.

Institutional Investors Weigh In On Full House Resorts

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. HRT Financial LP purchased a new stake in shares of Full House Resorts during the 4th quarter valued at approximately $27,000. Jane Street Group LLC bought a new stake in shares of Full House Resorts during the 1st quarter valued at $54,000. Tower Research Capital LLC TRC boosted its stake in Full House Resorts by 570.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 15,708 shares of the company's stock worth $57,000 after purchasing an additional 13,366 shares during the period. Occudo Quantitative Strategies LP bought a new stake in shares of Full House Resorts during the second quarter valued at about $60,000. Finally, R Squared Ltd lifted its holdings in shares of Full House Resorts by 45.6% in the fourth quarter. R Squared Ltd now owns 25,417 shares of the company's stock worth $66,000 after buying an additional 7,965 shares in the last quarter. 37.68% of the stock is currently owned by institutional investors.

Full House Resorts Price Performance

Shares of NASDAQ FLL opened at $2.19 on Friday. The stock has a market cap of $79.42 million, a price-to-earnings ratio of -2.05 and a beta of 1.24. The company has a debt-to-equity ratio of 187.23, a quick ratio of 0.57 and a current ratio of 0.60. Full House Resorts has a fifty-two week low of $2.02 and a fifty-two week high of $4.56. The firm's 50-day simple moving average is $2.59 and its 200 day simple moving average is $2.52.

Full House Resorts (NASDAQ:FLL - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.17) by ($0.07). Full House Resorts had a negative return on equity of 473.31% and a negative net margin of 12.79%.The company had revenue of $78.06 million during the quarter, compared to analysts' expectations of $78.42 million.

About Full House Resorts

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.

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source