Isle of Capri Casinos Inc. (NASDAQ:ISLE) was downgraded by stock analysts at Macquarie from an “outperform” rating to a “neutral” rating in a research report issued on Wednesday. They currently have a $23.00 price objective on the stock. Macquarie’s target price points to a potential upside of 0.57% from the company’s current price.

Several other research firms have also recently commented on ISLE. Zacks Investment Research cut Isle of Capri Casinos from a “hold” rating to a “sell” rating in a research note on Wednesday, August 31st. Gabelli lowered Isle of Capri Casinos from a “buy” rating to a “hold” rating in a report on Tuesday. Telsey Advisory Group lowered Isle of Capri Casinos from an “outperform” rating to a “market perform” rating and set a $18.00 price objective for the company. in a report on Tuesday, May 31st. Deutsche Bank AG reissued a “hold” rating and issued a $18.00 price objective on shares of Isle of Capri Casinos in a report on Monday, June 27th. Finally, Stifel Nicolaus boosted their price objective on Isle of Capri Casinos from $16.00 to $20.00 and gave the company a “buy” rating in a report on Wednesday, June 15th. Eight equities research analysts have rated the stock with a hold rating, Isle of Capri Casinos has an average rating of “Hold” and an average price target of $19.33.

Shares of Isle of Capri Casinos (NASDAQ:ISLE) opened at 22.87 on Wednesday. The firm has a market capitalization of $944.60 million, a PE ratio of 17.76 and a beta of 1.72. Isle of Capri Casinos has a 12-month low of $10.62 and a 12-month high of $23.32. The stock has a 50 day moving average price of $18.29 and a 200 day moving average price of $16.40.

Isle of Capri Casinos (NASDAQ:ISLE) last released its quarterly earnings results on Tuesday, August 30th. The company reported $0.26 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by $0.04. Isle of Capri Casinos had a return on equity of 82.82% and a net margin of 5.49%. The business earned $240.86 million during the quarter, compared to analyst estimates of $246.88 million. During the same quarter last year, the firm posted $0.28 EPS. The company’s revenue was down 2.5% compared to the same quarter last year. Analysts predict that Isle of Capri Casinos will post $1.24 EPS for the current fiscal 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 $2,962,215.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 38.20% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Sterling Capital Management LLC acquired a new position in shares of Isle of Capri Casinos during the second quarter valued at about $550,000. AQR Capital Management LLC increased its position in shares of 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 in the last quarter. Addison Clark Management L.L.C. increased its position in shares of 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 in the last quarter. Marshall Wace LLP increased its position in shares of 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 in the last quarter. Finally, KCG Holdings Inc. acquired a new position in shares of Isle of Capri Casinos during the second quarter valued at about $201,000. Institutional investors and hedge funds 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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