Macquarie Reiterates "Neutral" Rating for Full House Resorts (NASDAQ:FLL)

Key Points

• Macquarie has reaffirmed a "neutral" rating for Full House Resorts (NASDAQ:FLL) with a target price of $4.00, indicating a potential upside of 10.80%.
• Full House Resorts' stock recently saw a significant drop of 18.0% to $3.61, with the stock having a 12-month high of $5.59 and a low of $2.86.
• Following a recent earnings report, Full House Resorts reported a net margin of -13.18%, indicating ongoing financial struggles.

Full House Resorts (NASDAQ:FLL - Get Free Report)'s stock had its "neutral" rating reaffirmed by equities research analysts at Macquarie in a report issued on Friday,Benzinga reports. They currently have a $4.00 target price on the stock. Macquarie's target price suggests a potential upside of 10.80% from the stock's current price.

Separately, JMP Securities upped their target price on Full House Resorts from $4.00 to $5.00 and gave the company a "market outperform" rating in a research report on Friday, July 18th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $5.50.

Full House Resorts Stock Down 18.0%

FLL traded down $0.79 on Friday, hitting $3.61. 522,734 shares of the company were exchanged, compared to its average volume of 220,315. Full House Resorts has a 12 month low of $2.86 and a 12 month high of $5.59. The company has a market cap of $129.87 million, a PE ratio of -3.25 and a beta of 1.67. The company has a debt-to-equity ratio of 15.25, a quick ratio of 0.67 and a current ratio of 0.70. The stock's fifty day moving average is $4.03 and its 200-day moving average is $4.05.

Full House Resorts (NASDAQ:FLL - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.20) by ($0.09). Full House Resorts had a negative net margin of 13.18% and a negative return on equity of 90.09%. The firm had revenue of $73.95 million during the quarter, compared to the consensus estimate of $80.47 million.

Insider Activity

In related news, Director Eric J. Green acquired 25,000 shares of the business's stock in a transaction that occurred on Tuesday, May 13th. The shares were bought at an average cost of $3.40 per share, with a total value of $85,000.00. Following the completion of the purchase, the director directly owned 203,523 shares in the company, valued at $691,978.20. The trade was a 14.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 9.40% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. R Squared Ltd increased its position in shares of Full House Resorts by 69.3% during the first quarter. R Squared Ltd now owns 10,748 shares of the company's stock worth $45,000 after buying an additional 4,398 shares during the period. Squarepoint Ops LLC bought a new stake in Full House Resorts during the fourth quarter valued at $46,000. XTX Topco Ltd acquired a new stake in Full House Resorts during the 4th quarter worth about $49,000. Price T Rowe Associates Inc. MD raised its position in shares of Full House Resorts by 22.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 12,748 shares of the company's stock worth $53,000 after acquiring an additional 2,340 shares in the last quarter. Finally, Jane Street Group LLC acquired a new position in shares of Full House Resorts in the 1st quarter valued at about $54,000. Institutional investors own 37.68% of the company's stock.

About Full House Resorts

Full House Resorts, Inc owns, leases, operates, develops, manages, and invests in casinos, and related hospitality and entertainment facilities in the United States. It operates through Midwest & South, West, and Contracted Sports Wagering segments. The company's properties include American Place in Waukegan, Illinois; Silver Slipper Casino and Hotel in Hancock County, Mississippi; Rising Star Casino Resort in Rising Sun, Indiana; Bronco Billy's Casino and Chamonix Casino Hotel in Cripple Creek, Colorado; Stockman's Casino in Fallon, Nevada; and Grand Lodge Casino, located within the Hyatt Regency Lake Tahoe Resort, Spa and Casino in Incline Village, Nevada.

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