Isle of Capri Casinos Inc. (NASDAQ:ISLE) was downgraded by Gabelli from a “buy” rating to a “hold” rating in a report issued on Tuesday.

ISLE has been the subject of a number of other research reports. Zacks Investment Research upgraded shares of Isle of Capri Casinos from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a research note on Thursday, June 16th. Stifel Nicolaus increased their price target on shares of Isle of Capri Casinos from $16.00 to $20.00 and gave the stock a “buy” rating in a research note on Wednesday, June 15th. Telsey Advisory Group cut shares of Isle of Capri Casinos from an “outperform” rating to a “market perform” rating and set a $18.00 target price for the company. in a research note on Tuesday, May 31st. TheStreet upgraded shares of Isle of Capri Casinos from a “hold” rating to a “buy” rating in a research note on Tuesday, June 14th. Finally, Deutsche Bank AG restated a “hold” rating on shares of Isle of Capri Casinos in a research note on Wednesday, June 15th. Eight research analysts have rated the stock with a hold rating, Isle of Capri Casinos presently has an average rating of “Hold” and an average target price of $18.60.

Analyst Recommendations for Isle of Capri Casinos (NASDAQ:ISLE)

Isle of Capri Casinos (NASDAQ:ISLE) opened at 23.08 on Tuesday. Isle of Capri Casinos has a 12-month low of $10.62 and a 12-month high of $23.32. The firm has a 50-day moving average of $18.16 and a 200-day moving average of $16.36. The stock has a market cap of $953.27 million, a PE ratio of 17.92 and a beta of 1.72.

Isle of Capri Casinos (NASDAQ:ISLE) last issued its quarterly earnings results on Tuesday, August 30th. The company reported $0.26 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.30 by $0.04. The business had revenue of $240.86 million for the quarter, compared to analyst estimates of $246.88 million. Isle of Capri Casinos had a return on equity of 82.82% and a net margin of 5.49%. The firm’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.28 EPS. Equities analysts predict that Isle of Capri Casinos will post $1.24 earnings per share for the current fiscal year.

In other news, insider Edmund L. Quatmann, Jr. sold 22,000 shares of the stock in a transaction dated Wednesday, July 13th. The shares were sold at an average price of $18.90, for a total value of $415,800.00. Following the completion of the transaction, the insider now owns 156,731 shares in the company, valued at approximately $2,962,215.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 38.20% of the stock is currently owned by insiders.

A number of institutional investors have recently bought and sold shares of the stock. Sterling Capital Management LLC acquired a new position in Isle of Capri Casinos during the second quarter valued at $550,000. AQR Capital Management LLC increased its position in Isle of Capri Casinos by 3.1% in the second quarter. AQR Capital Management LLC now owns 259,105 shares of the company’s stock valued at $4,747,000 after buying an additional 7,721 shares during the period. Addison Clark Management L.L.C. increased its position in Isle of Capri Casinos by 159.3% in the second quarter. Addison Clark Management L.L.C. now owns 236,000 shares of the company’s stock valued at $4,324,000 after buying an additional 145,000 shares during the period. Marshall Wace LLP increased its position in Isle of Capri Casinos by 22.7% in the second quarter. Marshall Wace LLP now owns 35,166 shares of the company’s stock valued at $644,000 after buying an additional 6,515 shares during the period. Finally, KCG Holdings Inc. acquired a new position in Isle of Capri Casinos during the second quarter valued at $201,000. Hedge funds and other institutional investors own 54.63% of the company’s stock.

Isle of Capri Casinos Company Profile

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.

5 Day Chart for NASDAQ:ISLE

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