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

Key Points

• Full House Resorts, Inc. has received an average rating of "Buy" from analysts, with three buy recommendations, one strong buy, and one hold from five different ratings firms.
• Insider trading activity includes Director Eric J. Green purchasing 25,000 shares at $3.40 each, increasing his holdings in the company by 14%.
• Despite positive analyst ratings, the stock price has recently dropped 18%, trading at $3.61, with a earnings miss reported for the last quarter.

Full House Resorts, Inc. (NASDAQ:FLL - Get Free Report) has received a consensus rating of "Buy" from the five brokerages that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $5.50.

A number of research firms have 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 increased their price objective on Full House Resorts from $4.00 to $5.00 and gave the stock a "market outperform" rating in a research report on Friday, July 18th.

Full House Resorts Stock Performance

Shares of NASDAQ FLL remained flat at $3.50 during trading hours on Friday. The company had a trading volume of 94,715 shares, compared to its average volume of 221,842. The stock has a market capitalization of $126.39 million, a price-to-earnings ratio of -3.05 and a beta of 1.67. The company has a debt-to-equity ratio of 22.08, a quick ratio of 0.67 and a current ratio of 0.63. Full House Resorts has a 1 year low of $2.86 and a 1 year high of $5.59. The business's fifty day simple moving average is $4.05 and its 200-day simple moving average is $4.02.

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

Hedge Funds Weigh In On Full House Resorts

Several hedge funds have recently bought and sold shares of the company. R Squared Ltd increased its position in Full House Resorts by 69.3% during the first quarter. R Squared Ltd now owns 10,748 shares of the company's stock worth $45,000 after buying an additional 4,398 shares in the last quarter. Squarepoint Ops LLC purchased a new position in Full House Resorts during the fourth quarter worth $46,000. XTX Topco Ltd purchased a new position in Full House Resorts during the fourth quarter worth $49,000. Price T Rowe Associates Inc. MD increased its position in Full House Resorts by 22.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,748 shares of the company's stock worth $53,000 after buying an additional 2,340 shares in the last quarter. Finally, Jane Street Group LLC purchased a new position in Full House Resorts during the first quarter worth $54,000. 37.68% of the stock is owned by hedge funds and other institutional investors.

Full House Resorts Company Profile

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.