Full House Resorts (NASDAQ:FLL) Stock Rating Upgraded by Wall Street Zen

Key Points

• Wall Street Zen upgraded Full House Resorts from “sell” to “hold,” while the broader analyst consensus remains “Moderate Buy” with an average price target of $3.50.
• Full House reported a quarterly loss of $0.24 per share, missing the $0.17 consensus estimate, while revenue of $78.06 million was slightly below expectations.
• FLL shares opened at $2.23, near their 12-month low of $2.02, and the company continues to show significant financial strain, including a debt-to-equity ratio of 187.23 and negative net margins.

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

A number of other equities research analysts have also recently issued reports on FLL. Weiss Ratings upgraded shares of Full House Resorts from a "sell (e+)" rating to a "sell (d-)" rating in a report on Friday, July 31st. Citigroup restated a "market outperform" rating on shares of Full House Resorts in a report on Friday, August 7th. Finally, Citizens Jmp reduced their price target on Full House Resorts from $4.00 to $3.00 and set a "market outperform" rating for the company in a research report on Friday, August 7th. Three investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $3.50.

Full House Resorts Price Performance

Shares of FLL opened at $2.23 on Friday. The company has a debt-to-equity ratio of 187.23, a current ratio of 0.62 and a quick ratio of 0.59. The company has a market cap of $80.87 million, a P/E ratio of -2.19 and a beta of 1.24. The stock has a fifty day moving average price of $2.57 and a 200 day moving average price of $2.51. Full House Resorts has a 12 month low of $2.02 and a 12 month high of $3.85.

Full House Resorts (NASDAQ:FLL - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.17) by ($0.07). The business had revenue of $78.06 million for the quarter, compared to analyst estimates of $78.42 million. Full House Resorts had a negative return on equity of 473.31% and a negative net margin of 12.06%.

Institutional Trading of Full House Resorts

A number of institutional investors and hedge funds have recently modified their holdings of FLL. HRT Financial LP bought a new stake in shares of Full House Resorts during the 4th quarter worth $27,000. Jane Street Group LLC bought a new position in Full House Resorts in the 1st quarter worth $54,000. Tower Research Capital LLC TRC raised its holdings in 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 acquiring an additional 13,366 shares during the period. Occudo Quantitative Strategies LP acquired a new position in Full House Resorts during the 2nd quarter worth $60,000. Finally, R Squared Ltd lifted its position in Full House Resorts by 45.6% during the 4th quarter. R Squared Ltd now owns 25,417 shares of the company's stock worth $66,000 after acquiring an additional 7,965 shares during the last quarter. 37.68% of the stock is currently owned by institutional investors and hedge funds.

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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