Isle of Capri Casinos Inc. (ISLE) Shares Up 2%
Isle of Capri Casinos Inc. (NASDAQ:ISLE) shares shot up 2% on Monday . The company traded as high as $18.50 and last traded at $18.43, with a volume of 93,545 shares changing hands. The stock had previously closed at $18.07.
A number of analysts recently issued reports on ISLE shares. Telsey Advisory Group raised their price target on Isle of Capri Casinos from $18.00 to $19.00 and gave the stock a “market perform” rating in a research report on Tuesday, June 14th. Deutsche Bank AG restated a “hold” rating on shares of Isle of Capri Casinos in a research report on Wednesday, June 15th. Zacks Investment Research downgraded Isle of Capri Casinos from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 16th. TheStreet upgraded Isle of Capri Casinos from a “hold” rating to a “buy” rating in a research report on Tuesday, June 14th. Finally, Stifel Nicolaus raised their price target on Isle of Capri Casinos from $16.00 to $20.00 and gave the stock a “buy” rating in a research report on Wednesday, June 15th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $19.33.
The firm has a market capitalization of $756.16 million and a price-to-earnings ratio of 16.36. The firm has a 50 day moving average of $18.45 and a 200-day moving average of $15.32.
Isle of Capri Casinos (NASDAQ:ISLE) last announced its earnings results on Tuesday, June 14th. The company reported $0.62 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.08. The business had revenue of $264.90 million for the quarter, compared to analyst estimates of $266.77 million. The company’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.58 earnings per share. Analysts predict that Isle of Capri Casinos Inc. will post $1.47 EPS for the current year.
In other news, insider Edmund L. Quatmann, Jr. sold 22,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 13th. The stock was sold at an average price of $18.90, for a total transaction of $415,800.00. Following the completion of the transaction, the insider now directly owns 156,731 shares of the company’s stock, valued at approximately $2,962,215.90. The sale was disclosed in a filing with the SEC, which is available at this link.
An institutional investor recently raised its position in Isle of Capri Casinos stock. Bank of Montreal Can boosted its stake in Isle of Capri Casinos Inc. (NASDAQ:ISLE) by 187.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 72,767 shares of the company’s stock after buying an additional 47,426 shares during the period. Bank of Montreal Can owned about 0.18% of Isle of Capri Casinos worth $1,013,000 as of its most recent SEC filing.
Isle of Capri Casinos, Inc is a developer, owner and operator of branded gaming facilities and related dining, lodging and entertainment facilities in regional markets in the United States. The Company owns or operates over 10 gaming and entertainment facilities in Colorado, Florida, Iowa, Louisiana, Mississippi, Missouri and Pennsylvania.
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