Full House Resorts (NASDAQ:FLL) Downgraded to "Sell" Rating by Wall Street Zen

Key Points

• Wall Street Zen downgraded Full House Resorts to “Sell” from “Hold,” although the broader analyst consensus remains “Moderate Buy” with a $3.50 price target.
• Full House reported a quarterly loss of $0.24 per share, worse than the expected $0.17 loss, while revenue of $78.06 million was slightly below estimates.
• The stock opened at $2.43, with significant balance-sheet strain reflected in a 187.23 debt-to-equity ratio and negative profitability metrics; management is targeting a refinancing and expects Chamonix to eventually generate $30 million to $40 million in annual EBITDA.

Full House Resorts (NASDAQ:FLL - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued on Saturday.

Other equities research analysts have also issued research reports about the stock. Citigroup reaffirmed a "market outperform" rating on shares of Full House Resorts in a report on Friday. Citizens Jmp decreased their price target on shares of Full House Resorts from $4.00 to $3.00 and set a "market outperform" rating on the stock in a research note on Friday. Finally, Weiss Ratings upgraded shares of Full House Resorts from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Friday, July 31st. Three investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Full House Resorts presently has a consensus rating of "Moderate Buy" and a consensus price target of $3.50.

Full House Resorts Stock Performance

Shares of NASDAQ:FLL opened at $2.43 on Friday. The company has a debt-to-equity ratio of 187.23, a current ratio of 0.60 and a quick ratio of 0.57. Full House Resorts has a 1 year low of $2.02 and a 1 year high of $4.29. The firm has a market capitalization of $88.11 million, a PE ratio of -2.38 and a beta of 1.24. The business's 50 day moving average price is $2.59 and its 200-day moving average price is $2.52.

Full House Resorts (NASDAQ:FLL - Get Free Report) last posted 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). The firm had revenue of $78.06 million during the quarter, compared to analyst estimates of $78.42 million. Full House Resorts had a negative net margin of 12.06% and a negative return on equity of 971.29%.

Hedge Funds Weigh In On Full House Resorts

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

Key Full House Resorts News

Here are the key news stories impacting Full House Resorts this week:

• Positive Sentiment: Full House reported second-quarter revenue of approximately $78.1 million, up 5.6% year over year, while gross profit increased 5.1% to $40.4 million. American Place posted record results, providing evidence of continued operating momentum. Full House Resorts Lifts Revenue 5.6% as American Place Sets Records
• Positive Sentiment: Management said Chamonix could generate annual EBITDA of $30 million to $40 million once fully ramped. The company also expects to complete a refinancing in the third quarter, which could improve liquidity and reduce balance-sheet pressure if successful. Full House Resorts Targets Chamonix EBITDA and Refinancing
• Positive Sentiment: Citizens JMP maintained a “market outperform” rating, indicating confidence in potential upside despite lowering its price target from $4.00 to $3.00. Citizens JMP Price Target Update
• Neutral Sentiment: The company’s earnings call focused on property-level growth and the planned refinancing, offering investors additional detail on how management expects to improve profitability. Full House Resorts Q2 2026 Earnings Call Transcript
• Negative Sentiment: Full House posted a net loss attributable to common shareholders of $8.7 million, or $0.24 per diluted share, versus the $0.17 loss analysts expected. Revenue also came in slightly below consensus, and the company ended the quarter with $33.4 million in cash and approximately $643.4 million in total liabilities. Full House Resorts Q2 2026 Earnings

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.

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