Full House Resorts (NASDAQ:FLL) Raised to “Hold” at Wall Street Zen

Full House Resorts (NASDAQ:FLL) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Full House Resorts in a research report on Tuesday, April 21st. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Full House Resorts has a consensus rating of “Hold” and an average price target of $4.00.

Full House Resorts Stock Performance

NASDAQ FLL opened at $2.40 on Friday. The company has a 50 day moving average of $2.72 and a 200-day moving average of $2.54. The company has a current ratio of 0.60, a quick ratio of 0.57 and a debt-to-equity ratio of 187.23. The firm has a market cap of $87.02 million, a price-to-earnings ratio of -2.24 and a beta of 1.20. Full House Resorts has a 1-year low of $2.02 and a 1-year high of $4.95.

Full House Resorts (NASDAQ:FLL) last released its quarterly earnings results on Thursday, May 7th. The company reported ($0.23) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.01. The business had revenue of $74.42 million during the quarter, compared to analysts’ expectations of $77.22 million. Full House Resorts had a negative return on equity of 473.31% and a negative net margin of 12.79%.

Institutional Trading of Full House Resorts

Several institutional investors and hedge funds have recently bought and sold shares of FLL. Jane Street Group LLC bought a new position in shares of Full House Resorts in the 1st quarter valued at about $54,000. Arrowstreet Capital Limited Partnership bought a new position in shares of Full House Resorts during the second quarter worth approximately $328,000. Marshall Wace LLP acquired a new stake in shares of Full House Resorts in the second quarter valued at approximately $681,000. Jump Financial LLC bought a new stake in shares of Full House Resorts in the second quarter valued at approximately $233,000. Finally, Qube Research & Technologies Ltd bought a new stake in shares of Full House Resorts in the second quarter valued at approximately $247,000. Institutional investors own 37.68% of the company’s stock.

Full House Resorts Company Profile

Full House Resorts, Inc (NASDAQ: FLL) is a gaming, lodging and entertainment company headquartered in Summerfield, Nevada. Founded in 1987, the company designs, develops and operates casino resorts and ancillary hospitality facilities in multiple U.S. markets. Its business model emphasizes regional gaming properties that combine slot machines, table games, hotel accommodations and live entertainment to serve a broad customer base.

The company’s property portfolio spans five states, including Bronco Billy’s Casino & Hotel and Grand Lodge Casino in Black Hawk, Colorado; Silver Slipper Casino Hotel and Harlow’s Casino Resort in Mississippi; Running Aces Harness Park & Casino in Minnesota; Rising Star Casino Resort in Indiana; and Stockman’s Casino in Nevada.