Full House Resorts (NASDAQ:FLL) Stock Crosses Above 200-Day Moving Average - Here's Why

Key Points

• Technical: Shares briefly crossed above the 200‑day moving average (200‑day SMA $2.59; traded as high as $2.61) with last trade $2.56 on volume of 91,224 shares.
• Weak fundamentals: The company missed quarterly estimates (EPS ($0.34) vs ($0.23) expected; revenue $75.42M vs $78.66M expected), showed negative net margin and ROE, and carries a high debt‑to‑equity ratio (187.23).
• Analyst/ownership picture: Analyst coverage is mixed (two Buys, one Hold, one Sell) with a consensus "Hold" and $4.00 average target, and roughly 37.7% of shares are held by hedge funds/institutions.

Shares of Full House Resorts, Inc. (NASDAQ:FLL - Get Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $2.59 and traded as high as $2.61. Full House Resorts shares last traded at $2.56, with a volume of 91,224 shares trading hands.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on FLL. Weiss Ratings reissued a "sell (e+)" rating on shares of Full House Resorts in a report on Thursday, January 22nd. Craig Hallum cut their price objective on shares of Full House Resorts from $5.00 to $4.00 and set a "buy" rating on the stock in a report on Friday, March 6th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $4.00.

Full House Resorts Stock Up 0.4%

The company's fifty day simple moving average is $2.37 and its 200-day simple moving average is $2.59. The company has a debt-to-equity ratio of 187.23, a current ratio of 0.72 and a quick ratio of 0.69. The firm has a market capitalization of $92.65 million, a PE ratio of -2.31 and a beta of 1.28.

Full House Resorts (NASDAQ:FLL - Get Free Report) last released its quarterly earnings results on Thursday, March 5th. The company reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.23) by ($0.11). Full House Resorts had a negative return on equity of 233.18% and a negative net margin of 13.29%.The firm had revenue of $75.42 million during the quarter, compared to analysts' expectations of $78.66 million.

Hedge Funds Weigh In On Full House Resorts

Several institutional investors and hedge funds have recently bought and sold shares of the company. Private Management Group Inc. grew its holdings in Full House Resorts by 1.0% in the third quarter. Private Management Group Inc. now owns 1,725,285 shares of the company's stock worth $5,538,000 after purchasing an additional 17,551 shares during the last quarter. Catawba River Capital lifted its stake in shares of Full House Resorts by 5.0% during the third quarter. Catawba River Capital now owns 1,718,129 shares of the company's stock worth $5,515,000 after buying an additional 82,156 shares during the period. Vanguard Group Inc. lifted its stake in shares of Full House Resorts by 2.5% during the third quarter. Vanguard Group Inc. now owns 1,599,602 shares of the company's stock worth $5,135,000 after buying an additional 39,075 shares during the period. Orvieto Partners L.P. lifted its stake in shares of Full House Resorts by 3.6% during the second quarter. Orvieto Partners L.P. now owns 704,797 shares of the company's stock worth $2,580,000 after buying an additional 24,379 shares during the period. Finally, 1060 Capital LLC acquired a new stake in shares of Full House Resorts during the fourth quarter worth $1,044,000. 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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