Full House Resorts (NASDAQ:FLL) Raised to "Hold" at Wall Street Zen

Key Points

• Wall Street Zen upgraded Full House Resorts from “sell” to “hold”, adding to a mixed analyst picture that currently gives the stock a consensus Hold rating and a $4.00 target price.
• The stock jumped 16.0% and opened at $2.97, still below its 52-week high of $4.95; the company’s market cap is about $107.5 million.
• In its latest earnings report, Full House Resorts posted a smaller-than-expected loss of $0.23 per share, though revenue of $74.42 million came in below estimates.

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

FLL has been the subject of a number of other research reports. Craig Hallum dropped their price objective on shares of Full House Resorts from $5.00 to $4.00 and set a "buy" rating for the company in a research note on Friday, March 6th. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Full House Resorts in a research note on Tuesday, April 21st. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Full House Resorts presently has a consensus rating of "Hold" and a consensus target price of $4.00.

Full House Resorts Trading Up 16.0%

Shares of FLL stock opened at $2.97 on Friday. The firm has a 50-day moving average price of $2.46 and a 200 day moving average price of $2.52. Full House Resorts has a twelve month low of $2.02 and a twelve month high of $4.95. The company has a market capitalization of $107.48 million, a price-to-earnings ratio of -2.78 and a beta of 1.21. The company has a current ratio of 0.72, a quick ratio of 0.69 and a debt-to-equity ratio of 187.23.

Full House Resorts (NASDAQ:FLL - Get Free Report) last announced its earnings results on Thursday, May 7th. The company reported ($0.23) earnings per share for the quarter, beating the consensus estimate of ($0.24) by $0.01. Full House Resorts had a negative net margin of 12.79% and a negative return on equity of 304.95%. The firm had revenue of $74.42 million during the quarter, compared to the consensus estimate of $77.22 million.

Institutional Investors Weigh In On Full House Resorts

Several institutional investors and hedge funds have recently added to or reduced their stakes in FLL. XTX Topco Ltd increased its position in Full House Resorts by 129.1% during the 4th quarter. XTX Topco Ltd now owns 51,423 shares of the company's stock worth $134,000 after purchasing an additional 28,979 shares in the last quarter. Quadrature Capital Ltd acquired a new stake in Full House Resorts during the 4th quarter worth approximately $89,000. HRT Financial LP acquired a new stake in Full House Resorts during the 4th quarter worth approximately $27,000. Bank of America Corp DE increased its position in Full House Resorts by 67.1% during the 3rd quarter. Bank of America Corp DE now owns 40,273 shares of the company's stock worth $129,000 after purchasing an additional 16,168 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its position in 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 purchasing an additional 13,366 shares in the last quarter. 37.68% of the stock is currently owned by institutional investors and hedge funds.

Full House Resorts Company Profile

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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