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

Key Points

• Full House Resorts, Inc. has received an average recommendation of "Hold" from five research firms, with one analyst rating it a sell, one a hold, and three a buy.
• The company reported a loss of $0.29 EPS for the latest quarter, missing expectations, and had revenues of $73.95 million against an anticipated $80.47 million.
• Director Eric J. Green purchased 10,000 shares at an average price of $3.54 each, increasing his position in the company by 4.47%.

Full House Resorts, Inc. (NASDAQ:FLL - Get Free Report) has been given an average recommendation of "Hold" by the five research firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $5.50.

A number of research firms recently weighed in on FLL. Macquarie reaffirmed a "neutral" rating and set a $4.00 price objective on shares of Full House Resorts in a research report on Friday, August 8th. JMP Securities raised their price objective on shares of Full House Resorts from $4.00 to $5.00 and gave the company a "market outperform" rating in a research note on Friday, July 18th. Finally, Weiss Ratings reissued a "sell (e+)" rating on shares of Full House Resorts in a research report on Saturday, September 27th.

Insiders Place Their Bets

In other Full House Resorts news, Director Eric J. Green bought 10,000 shares of the company's stock in a transaction on Wednesday, August 13th. The stock was purchased at an average cost of $3.54 per share, for a total transaction of $35,400.00. Following the acquisition, the director owned 233,959 shares of the company's stock, valued at $828,214.86. The trade was a 4.47% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 9.40% of the company's stock.

Institutional Investors Weigh In On Full House Resorts

Institutional investors have recently bought and sold shares of the stock. Jefferies Financial Group Inc. boosted its position in Full House Resorts by 74.4% in the 1st quarter. Jefferies Financial Group Inc. now owns 185,428 shares of the company's stock valued at $775,000 after buying an additional 79,123 shares during the last quarter. American Century Companies Inc. boosted its holdings in Full House Resorts by 33.1% during the first quarter. American Century Companies Inc. now owns 474,048 shares of the company's stock valued at $1,982,000 after purchasing an additional 117,936 shares in the last quarter. Nuveen LLC acquired a new position in Full House Resorts in the first quarter worth $541,000. Bank of America Corp DE lifted its position in Full House Resorts by 38.6% during the 4th quarter. Bank of America Corp DE now owns 38,495 shares of the company's stock valued at $157,000 after purchasing an additional 10,723 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in Full House Resorts by 6.0% in the first quarter. Bank of New York Mellon Corp now owns 74,322 shares of the company's stock worth $311,000 after purchasing an additional 4,187 shares during the period. 37.68% of the stock is currently owned by hedge funds and other institutional investors.

Full House Resorts Stock Down 2.9%

Shares of FLL stock traded down $0.09 during mid-day trading on Friday, hitting $3.01. The stock had a trading volume of 149,783 shares, compared to its average volume of 121,068. Full House Resorts has a 12-month low of $2.86 and a 12-month high of $5.59. The firm has a market capitalization of $108.69 million, a P/E ratio of -2.62 and a beta of 1.54. The firm's 50-day moving average is $3.66 and its two-hundred day moving average is $3.66. The company has a debt-to-equity ratio of 22.08, a current ratio of 0.63 and a quick ratio of 0.60.

Full House Resorts (NASDAQ:FLL - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.20) by ($0.09). The firm had revenue of $73.95 million during the quarter, compared to analysts' expectations of $80.47 million. Full House Resorts had a negative return on equity of 118.79% and a negative net margin of 13.75%.

About Full House Resorts

Full House Resorts, Inc owns, leases, operates, develops, manages, and invests in casinos, and related hospitality and entertainment facilities in the United States. It operates through Midwest & South, West, and Contracted Sports Wagering segments. The company's properties include American Place in Waukegan, Illinois; Silver Slipper Casino and Hotel in Hancock County, Mississippi; Rising Star Casino Resort in Rising Sun, Indiana; Bronco Billy's Casino and Chamonix Casino Hotel in Cripple Creek, Colorado; Stockman's Casino in Fallon, Nevada; and Grand Lodge Casino, located within the Hyatt Regency Lake Tahoe Resort, Spa and Casino in Incline Village, Nevada.

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