Isle of Capri Casinos Inc. (ISLE) Trading Up 2%
Isle of Capri Casinos Inc. (NASDAQ:ISLE)’s share price was up 2% during mid-day trading on Monday . The stock traded as high as $18.50 and last traded at $18.43, with a volume of 93,545 shares. The stock had previously closed at $18.07.
Several equities analysts recently issued reports on ISLE shares. Telsey Advisory Group cut 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. Zacks Investment Research cut Isle of Capri Casinos from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 16th. Deutsche Bank AG reaffirmed a “hold” rating and set a $18.00 price objective on shares of Isle of Capri Casinos in a report on Monday, June 27th. Stifel Nicolaus lifted their price objective on Isle of Capri Casinos from $16.00 to $20.00 and gave the stock a “buy” rating in a report on Wednesday, June 15th. Finally, TheStreet raised Isle of Capri Casinos from a “hold” rating to a “buy” rating in a report on Tuesday, June 14th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $19.33.
The firm has a 50-day moving average of $18.45 and a 200-day moving average of $15.47. The company has a market capitalization of $752.86 million and a P/E ratio of 16.29.
Isle of Capri Casinos (NASDAQ:ISLE) last issued its quarterly earnings data on Tuesday, June 14th. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.08. The business earned $264.90 million during the quarter, compared to the consensus estimate of $266.77 million. During the same period last year, the company earned $0.58 earnings per share. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. On average, analysts forecast that Isle of Capri Casinos Inc. will post $1.47 EPS for the current fiscal year.
In related news, insider Edmund L. Quatmann, Jr. sold 22,000 shares of the stock in a transaction that occurred on Wednesday, July 13th. The stock was 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 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 Securities & Exchange Commission, which is accessible through this link.
An institutional investor recently raised its position in Isle of Capri Casinos stock. Bank of Montreal Can boosted its position 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 Securities and Exchange Commission. 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 approximately 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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