Full House Resorts, Inc. (NASDAQ:FLL) Receives Average Recommendation of "Buy" from Analysts

Key Points

• Full House Resorts, Inc. has received an average analyst rating of "Buy" from five brokerages, with the average 12-month price target set at $5.50.
• Director Eric J. Green recently purchased 10,000 shares of the company at $3.54 per share, increasing his ownership by 4.47% and bringing his total holdings to approximately $828,214.
• Despite a revenue of $73.95 million for the last quarter, Full House Resorts missed analyst expectations and reported a loss of ($0.29) earnings per share.

Full House Resorts, Inc. (NASDAQ:FLL - Get Free Report) has earned an average rating of "Buy" from the five brokerages that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $5.50.

Several research analysts have weighed in on FLL shares. Macquarie reissued a "neutral" rating and set a $4.00 price objective on shares of Full House Resorts in a 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 stock a "market outperform" rating in a report on Friday, July 18th.

Insiders Place Their Bets

In related news, Director Eric J. Green acquired 10,000 shares of the firm's stock in a transaction on Wednesday, August 13th. The stock was bought at an average cost of $3.54 per share, with a total value of $35,400.00. Following the acquisition, the director directly owned 233,959 shares in the company, valued at approximately $828,214.86. The trade was a 4.47% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 9.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. R Squared Ltd boosted its holdings in shares of Full House Resorts by 69.3% in the 1st quarter. R Squared Ltd now owns 10,748 shares of the company's stock valued at $45,000 after buying an additional 4,398 shares during the period. Squarepoint Ops LLC acquired a new position in shares of Full House Resorts in the 4th quarter valued at about $46,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of Full House Resorts by 22.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 12,748 shares of the company's stock valued at $53,000 after buying an additional 2,340 shares during the period. Jane Street Group LLC acquired a new position in shares of Full House Resorts in the 1st quarter valued at about $54,000. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of 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 valued at $57,000 after buying an additional 13,366 shares during the period. 37.68% of the stock is owned by institutional investors and hedge funds.

Full House Resorts Price Performance

FLL opened at $3.66 on Tuesday. The company has a fifty day simple moving average of $4.13 and a 200 day simple moving average of $3.86. The firm has a market cap of $132.16 million, a price-to-earnings ratio of -3.18 and a beta of 1.55. Full House Resorts has a twelve month low of $2.86 and a twelve month high of $5.59. The company has a current ratio of 0.63, a quick ratio of 0.60 and a debt-to-equity ratio of 22.08.

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 for the quarter, missing the consensus estimate of ($0.20) by ($0.09). The company had revenue of $73.95 million for the quarter, compared to analyst estimates of $80.47 million. Full House Resorts had a negative return on equity of 118.79% and a negative net margin of 13.75%.

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.

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