Full House Resorts (NASDAQ:FLL) Price Target Lowered to $3.00 at Citizens Jmp

Key Points

• Citizens JMP lowered Full House Resorts’ price target to $3.00 from $4.00 while maintaining a “market outperform” rating, implying approximately 28.8% upside from the prior close.
• Analyst sentiment remains mixed: the stock has a consensus “Hold” rating and an average price target of $3.67, based on three Buy, one Hold, and one Sell rating.
• Full House Resorts’ shares rose 6.3% to $2.33, despite the company reporting a quarterly EPS loss of $0.24 that missed estimates and revenue of $78.06 million, slightly below expectations.

Full House Resorts (NASDAQ:FLL - Get Free Report) had its target price reduced by investment analysts at Citizens Jmp from $4.00 to $3.00 in a research report issued on Friday,Benzinga reports. The firm presently has a "market outperform" rating on the stock. Citizens Jmp's price target would indicate a potential upside of 28.81% from the company's previous close.

Several other brokerages also recently commented on FLL. Citigroup reaffirmed a "market outperform" rating on shares of Full House Resorts in a research note on Friday. Wall Street Zen upgraded shares of Full House Resorts from a "sell" rating to a "hold" rating in a research report on Saturday, July 18th. Finally, Weiss Ratings raised shares of Full House Resorts from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Friday, July 31st. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $3.67.

Full House Resorts Trading Up 6.3%

Shares of NASDAQ FLL traded up $0.14 during midday trading on Friday, reaching $2.33. The company had a trading volume of 70,290 shares, compared to its average volume of 152,434. Full House Resorts has a one year low of $2.02 and a one year high of $4.29. The company has a quick ratio of 0.57, a current ratio of 0.60 and a debt-to-equity ratio of 187.23. The firm's fifty day moving average price is $2.59 and its 200-day moving average price is $2.52. The stock has a market cap of $84.46 million, a PE ratio of -2.15 and a beta of 1.24.

Full House Resorts (NASDAQ:FLL - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported ($0.24) earnings per share (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 for the quarter, compared to the consensus estimate of $78.42 million.

Institutional Investors Weigh In On Full House Resorts

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

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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