Eldorado Resorts Inc (NASDAQ:ERI) COO Anthony L. Carano purchased 1,000 shares of the company’s stock in a transaction dated Friday, September 7th. The shares were purchased at an average cost of $45.60 per share, for a total transaction of $45,600.00. Following the transaction, the chief operating officer now directly owns 26,979 shares in the company, valued at approximately $1,230,242.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

ERI stock traded down $0.55 during trading on Friday, reaching $45.25. 39,743 shares of the company traded hands, compared to its average volume of 1,703,957. Eldorado Resorts Inc has a 12 month low of $23.30 and a 12 month high of $50.00. The company has a market cap of $3.66 billion, a P/E ratio of 4,570.00 and a beta of 1.08. The company has a debt-to-equity ratio of 2.20, a current ratio of 2.32 and a quick ratio of 2.25.

Eldorado Resorts (NASDAQ:ERI) last issued its quarterly earnings data on Thursday, August 2nd. The company reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.05). Eldorado Resorts had a net margin of 9.99% and a return on equity of 11.64%. The company had revenue of $456.80 million for the quarter, compared to the consensus estimate of $461.57 million. During the same period in the previous year, the business earned ($0.68) EPS. Eldorado Resorts’s revenue for the quarter was up 21.6% compared to the same quarter last year. analysts anticipate that Eldorado Resorts Inc will post 1.84 EPS for the current year.

A number of institutional investors have recently added to or reduced their stakes in the business. Swiss National Bank raised its stake in Eldorado Resorts by 1.8% in the first quarter. Swiss National Bank now owns 86,444 shares of the company’s stock valued at $2,853,000 after buying an additional 1,500 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in Eldorado Resorts by 13.3% in the first quarter. PNC Financial Services Group Inc. now owns 14,864 shares of the company’s stock valued at $490,000 after buying an additional 1,740 shares during the last quarter. Gabelli Funds LLC raised its stake in Eldorado Resorts by 14.8% in the second quarter. Gabelli Funds LLC now owns 15,500 shares of the company’s stock valued at $606,000 after buying an additional 2,000 shares during the last quarter. United Services Automobile Association raised its stake in Eldorado Resorts by 20.9% in the second quarter. United Services Automobile Association now owns 13,302 shares of the company’s stock valued at $520,000 after buying an additional 2,304 shares during the last quarter. Finally, Bank of Montreal Can raised its stake in Eldorado Resorts by 282.7% in the second quarter. Bank of Montreal Can now owns 3,341 shares of the company’s stock valued at $130,000 after buying an additional 2,468 shares during the last quarter. Institutional investors own 88.32% of the company’s stock.

A number of equities research analysts recently weighed in on ERI shares. BidaskClub raised Eldorado Resorts from a “buy” rating to a “strong-buy” rating in a research report on Thursday, May 17th. Telsey Advisory Group raised their price objective on Eldorado Resorts from $48.00 to $53.00 and gave the company an “outperform” rating in a research report on Thursday, May 31st. Finally, Roth Capital raised their price objective on Eldorado Resorts from $56.00 to $60.00 and gave the company a “buy” rating in a research report on Tuesday, June 12th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $46.94.

About Eldorado Resorts

Eldorado Resorts, Inc, a gaming and hospitality company, owns and operates gaming facilities in Ohio, Louisiana, Nevada, Pennsylvania, West Virginia, Colorado, Florida, Iowa, Mississippi, and Missouri. It owns and operates Eldorado Resort Casino Reno, a 814-room hotel, casino and entertainment facility; Silver Legacy Resort Casino, a 1,711-room themed hotel and casino; Circus Circus Reno, a 1,571-room hotel-casino and entertainment complex; Eldorado Resort Casino Shreveport, a 403-room, all suite art deco-style hotel and tri-level riverboat dockside casino; Mountaineer Casino, Racetrack & Resort, a 357-room hotel, casino, entertainment, and live thoroughbred horse racing facility; Presque Isle Downs & Casino, a casino and live thoroughbred horse racing facility; and Eldorado Gaming Scioto Downs, a modern racino.

See Also: How Do Tariffs Affect Trade Balances?

Insider Buying and Selling by Quarter for Eldorado Resorts (NASDAQ:ERI)

Receive News & Ratings for Eldorado Resorts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eldorado Resorts and related companies with MarketBeat.com's FREE daily email newsletter.