Full House Resorts (NASDAQ:FLL) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Tuesday. The brokerage presently has a $2.75 price objective on the stock. Zacks Investment Research‘s price target would suggest a potential upside of 18.53% from the company’s current price.

According to Zacks, “Full House develops and manages gaming facilities. The Company has a management agreement with the Nottawaseppi Huron Band of Potawatomi Indians for the development and management of a first-class casino/resort with gaming devices in the Battle Creek, Michigan area, which is currently in the pre-development stage. Full House also manages Midway Slots and Simulcast at the Delaware State Fairgrounds in Harrington, Delaware, along with the owner of the adjacent racetrack. “

A number of other research firms have also recently weighed in on FLL. ValuEngine cut Full House Resorts from a “buy” rating to a “hold” rating in a research report on Friday, September 7th. Roth Capital started coverage on Full House Resorts in a research report on Thursday, September 20th. They set a “buy” rating and a $4.50 price objective on the stock. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $3.75.

FLL stock opened at $2.32 on Tuesday. Full House Resorts has a twelve month low of $1.99 and a twelve month high of $4.10. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.27 and a current ratio of 1.33. The stock has a market cap of $68.68 million, a PE ratio of -10.55 and a beta of 0.18.

Full House Resorts (NASDAQ:FLL) last posted its quarterly earnings data on Wednesday, November 7th. The company reported $0.04 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.02). Full House Resorts had a negative net margin of 4.39% and a negative return on equity of 7.57%. The company had revenue of $44.03 million for the quarter, compared to analysts’ expectations of $41.89 million. As a group, equities analysts forecast that Full House Resorts will post -0.08 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of FLL. Russell Investments Group Ltd. raised its stake in Full House Resorts by 8.3% during the 2nd quarter. Russell Investments Group Ltd. now owns 879,884 shares of the company’s stock valued at $2,932,000 after purchasing an additional 67,677 shares during the period. Dimensional Fund Advisors LP raised its stake in Full House Resorts by 8.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 230,837 shares of the company’s stock valued at $769,000 after purchasing an additional 17,238 shares during the period. Gabelli Funds LLC raised its stake in Full House Resorts by 11.7% during the 2nd quarter. Gabelli Funds LLC now owns 640,022 shares of the company’s stock valued at $2,131,000 after purchasing an additional 67,022 shares during the period. Gamco Investors INC. ET AL raised its stake in Full House Resorts by 11.7% during the 2nd quarter. Gamco Investors INC. ET AL now owns 458,000 shares of the company’s stock valued at $1,525,000 after purchasing an additional 48,000 shares during the period. Finally, Teton Advisors Inc. raised its stake in Full House Resorts by 2.1% during the 2nd quarter. Teton Advisors Inc. now owns 1,069,296 shares of the company’s stock valued at $3,561,000 after purchasing an additional 21,670 shares during the period. 47.37% of the stock is currently owned by institutional investors.

About Full House Resorts

Full House Resorts, Inc owns, operates, develops, manages, leases, and/or invests in casinos, and related hospitality and entertainment facilities in the United States. The company owns and operates the Silver Slipper Casino and Hotel in Hancock County, Mississippi, which has approximately 37,000 square feet of gaming space, a surface parking lot, approximately 800-space parking garage, and 129-rooms, as well as a fine-dining restaurant, a buffet, a quick-service restaurant, and oyster and casino bars.

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