Full House Resorts (NASDAQ:FLL) Share Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Full House Resorts, Inc. (NASDAQ:FLL) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $2.73 and traded as high as $2.88. Full House Resorts shares last traded at $2.61, with a volume of 105,721 shares trading hands.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on FLL shares. Craig Hallum reduced their target price on shares of Full House Resorts from $5.00 to $4.00 and set a “buy” rating for the company in a research note on Friday, March 6th. Weiss Ratings restated a “sell (e+)” rating on shares of Full House Resorts in a research note on Thursday, January 22nd. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Full House Resorts currently has an average rating of “Hold” and a consensus price target of $4.00.

Full House Resorts Stock Performance

The firm’s 50 day moving average price is $2.42 and its 200-day moving average price is $2.72. The firm has a market cap of $94.27 million, a price-to-earnings ratio of -2.35 and a beta of 1.37. The company has a debt-to-equity ratio of 33.44, a current ratio of 0.68 and a quick ratio of 0.65.

Full House Resorts (NASDAQ:FLL) last released its earnings results on Thursday, March 5th. The company reported ($0.34) EPS for the quarter, missing the consensus estimate of ($0.23) by ($0.11). Full House Resorts had a negative net margin of 13.29% and a negative return on equity of 181.56%. The company had revenue of $75.42 million for the quarter, compared to analyst estimates of $78.66 million.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in FLL. 1060 Capital LLC bought a new stake in shares of Full House Resorts in the fourth quarter valued at about $1,044,000. Arrowstreet Capital Limited Partnership increased its stake in Full House Resorts by 282.7% during the third quarter. Arrowstreet Capital Limited Partnership now owns 343,233 shares of the company’s stock valued at $1,102,000 after acquiring an additional 253,536 shares during the period. Jane Street Group LLC raised its holdings in Full House Resorts by 1,685.4% in the 2nd quarter. Jane Street Group LLC now owns 229,301 shares of the company’s stock valued at $839,000 after acquiring an additional 216,458 shares in the last quarter. Mink Brook Asset Management LLC bought a new stake in shares of Full House Resorts in the 2nd quarter worth approximately $739,000. Finally, Marshall Wace LLP bought a new stake in shares of Full House Resorts in the 2nd quarter worth approximately $681,000. Institutional investors and hedge funds 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.