Full House Resorts (NASDAQ:FLL) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of Full House Resorts (NASDAQ:FLL) from a sell rating to a hold rating in a research note published on Wednesday morning.

Several other equities research analysts also recently commented on the company. UBS Group set a $5.00 target price on Full House Resorts in a report on Friday, March 7th. Citigroup reiterated an “outperform” rating on shares of Full House Resorts in a report on Friday, March 7th. Finally, JMP Securities reiterated a “market outperform” rating and set a $6.00 target price on shares of Full House Resorts in a report on Monday, January 27th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Full House Resorts presently has an average rating of “Buy” and an average target price of $6.33.

Full House Resorts Stock Performance

NASDAQ FLL opened at $4.28 on Wednesday. The firm has a market capitalization of $153.55 million, a P/E ratio of -3.63 and a beta of 1.98. Full House Resorts has a 1-year low of $3.77 and a 1-year high of $5.94. The company has a debt-to-equity ratio of 9.04, a current ratio of 0.87 and a quick ratio of 0.83. The business’s 50-day simple moving average is $4.81 and its 200-day simple moving average is $4.77.

Full House Resorts (NASDAQ:FLL) last released its quarterly earnings data on Thursday, March 6th. The company reported ($0.35) earnings per share for the quarter, missing the consensus estimate of ($0.23) by ($0.12). The firm had revenue of $72.96 million during the quarter, compared to analyst estimates of $73.05 million. Full House Resorts had a negative net margin of 14.64% and a negative return on equity of 66.86%.

Insider Activity at Full House Resorts

In other Full House Resorts news, CFO Lewis A. Fanger sold 7,597 shares of Full House Resorts stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $5.00, for a total transaction of $37,985.00. Following the sale, the chief financial officer now directly owns 254,658 shares in the company, valued at $1,273,290. The trade was a 2.90 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders have sold 113,805 shares of company stock worth $529,138. 12.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Full House Resorts

Several hedge funds and other institutional investors have recently bought and sold shares of the business. R Squared Ltd bought a new stake in shares of Full House Resorts in the 4th quarter valued at approximately $26,000. Bfsg LLC increased its holdings in shares of Full House Resorts by 156.7% in the 4th quarter. Bfsg LLC now owns 11,090 shares of the company’s stock valued at $45,000 after acquiring an additional 6,770 shares during the last quarter. Squarepoint Ops LLC bought a new stake in shares of Full House Resorts in the 4th quarter valued at approximately $46,000. XTX Topco Ltd bought a new stake in shares of Full House Resorts in the 4th quarter valued at approximately $49,000. Finally, Price T Rowe Associates Inc. MD increased its holdings 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 valued at $53,000 after acquiring an additional 2,340 shares during the last quarter. 37.68% of the stock is currently owned by hedge funds and other institutional investors.

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.