Full House Resorts (NASDAQ:FLL) Stock Price Target Cut by Citizens Jmp

Full House Resorts (NASDAQ:FLL) had its price objective decreased by equities research analysts at Citizens Jmp from $3.00 to $2.00 in a report issued on Friday, Benzinga reports. The brokerage currently has a “market outperform” rating on the stock. Citizens Jmp‘s price target indicates a potential upside of 221.29% from the company’s previous close.

Several other brokerages have also commented on FLL. Citigroup reiterated a “market outperform” rating on shares of Full House Resorts in a research note on Friday, August 7th. Texas Capital downgraded shares of Full House Resorts from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 2nd. Weiss Ratings raised Full House Resorts from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, October 2nd. Finally, Wall Street Zen upgraded Full House Resorts from a “sell” rating to a “hold” rating in a research report on Sunday, August 16th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $3.00.

Full House Resorts Stock Down 14.1%

Shares of Full House Resorts stock opened at $0.62 on Friday. Full House Resorts has a 52 week low of $0.58 and a 52 week high of $3.37. The firm’s 50 day moving average is $1.41 and its two-hundred day moving average is $2.21. The firm has a market capitalization of $22.57 million, a P/E ratio of -0.59 and a beta of 1.53.

Full House Resorts (NASDAQ:FLL) last issued its quarterly earnings data on Thursday, November 5th. The company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.17) by ($0.07). Full House Resorts had a negative return on equity of 473.31% and a negative net margin of 12.23%. The company had revenue of $81.78 million for the quarter, compared to analysts’ expectations of $81.90 million.

Hedge Funds Weigh In On Full House Resorts

A number of hedge funds have recently modified their holdings of FLL. BlackRock Inc. acquired a new position in shares of Full House Resorts in the 2nd quarter valued at $1,814,000. Private Management Group Inc. boosted its stake in Full House Resorts by 2.4% during the 3rd quarter. Private Management Group Inc. now owns 1,786,253 shares of the company’s stock worth $2,536,000 after purchasing an additional 42,412 shares during the period. Simplify Asset Management Inc. boosted its stake in Full House Resorts by 53.0% during the 3rd quarter. Simplify Asset Management Inc. now owns 607,500 shares of the company’s stock worth $863,000 after purchasing an additional 210,500 shares during the period. AXQ Capital LP acquired a new stake in Full House Resorts during the 2nd quarter worth $64,000. Finally, Jefferies Financial Group Inc. acquired a new stake in Full House Resorts during the 2nd quarter worth $206,000. 37.68% of the stock is currently owned by hedge funds and other institutional investors.

Full House Resorts Company Profile

Full House Resorts, Inc (NASDAQ:FLL) is a regional gaming and hospitality company that owns, operates, and manages casinos and related entertainment properties in the United States. Its properties typically offer casino gaming, hotel accommodations, restaurants, bars, live entertainment, and other amenities designed to serve local and destination visitors.

The company’s portfolio includes Chamonix Casino Hotel and Bronco Billy’s Casino in Cripple Creek, Colorado; Silver Slipper Casino Hotel in Bay St.