Isle of Capri Casinos Inc. (NASDAQ:ISLE) was downgraded by investment analysts at Macquarie from an “outperform” rating to a “neutral” rating in a report released on Wednesday. They presently have a $23.00 target price on the stock. Macquarie’s target price would indicate a potential upside of 0.57% from the company’s previous close.

ISLE has been the topic of several other research reports. TheStreet upgraded Isle of Capri Casinos from a “hold” rating to a “buy” rating in a report on Tuesday, June 14th. Zacks Investment Research upgraded Isle of Capri Casinos from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a report on Thursday, June 16th. Stifel Nicolaus downgraded Isle of Capri Casinos from a “buy” rating to a “hold” rating in a report on Tuesday. Deutsche Bank AG restated a “hold” rating on shares of Isle of Capri Casinos in a report on Wednesday, June 15th. Finally, Telsey Advisory Group reiterated a “hold” rating on shares of Isle of Capri Casinos in a report on Wednesday, June 15th. Eight research analysts have rated the stock with a hold rating, The stock has a consensus rating of “Hold” and an average price target of $19.33.

Isle of Capri Casinos (NASDAQ:ISLE) opened at 22.87 on Wednesday. Isle of Capri Casinos has a one year low of $10.62 and a one year high of $23.32. The firm has a market capitalization of $944.60 million, a P/E ratio of 17.76 and a beta of 1.72. The firm 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 issued its quarterly earnings results on Tuesday, August 30th. The company reported $0.26 earnings per share 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 company had revenue of $240.86 million for the quarter, compared to analysts’ expectations of $246.88 million. During the same quarter last year, the company earned $0.28 EPS. Isle of Capri Casinos’s revenue for the quarter was down 2.5% compared to the same quarter last year. Equities analysts anticipate that Isle of Capri Casinos will post $1.24 earnings per share for the current year.

In related news, insider Edmund L. Quatmann, Jr. sold 22,000 shares of the firm’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 transaction, the insider now owns 156,731 shares in the company, valued at approximately $2,962,215.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 38.20% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Hsbc Holdings PLC bought a new stake in Isle of Capri Casinos during the second quarter worth $184,000. Bowling Portfolio Management LLC bought a new stake in Isle of Capri Casinos during the first quarter worth $153,000. KCG Holdings Inc. bought a new stake in Isle of Capri Casinos during the second quarter worth $201,000. American International Group Inc. boosted its stake in Isle of Capri Casinos by 10.8% in the second quarter. American International Group Inc. now owns 14,398 shares of the company’s stock worth $264,000 after buying an additional 1,400 shares during the last quarter. Finally, Scout Investments Inc. boosted its stake in Isle of Capri Casinos by 54.5% in the second quarter. Scout Investments Inc. now owns 16,405 shares of the company’s stock worth $301,000 after buying an additional 5,785 shares during the last quarter. Hedge funds and other institutional investors own 54.63% of the company’s stock.

About Isle of Capri Casinos

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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