Full House Resorts (NASDAQ:FLL) Given New $3.00 Price Target at Citizens Jmp

Full House Resorts (NASDAQ:FLL) had its target price reduced by stock analysts at Citizens Jmp from $4.00 to $3.00 in a report issued on Friday,Benzinga reports. The firm presently has a “market outperform” rating on the stock. Citizens Jmp’s target price would suggest a potential upside of 28.81% from the company’s current price.

Other equities analysts have also issued reports about the stock. Wall Street Zen upgraded shares of Full House Resorts from a “sell” rating to a “hold” rating in a research report on Saturday, July 18th. Citigroup reiterated a “market outperform” rating on shares of Full House Resorts in a research note on Friday. Finally, Weiss Ratings raised Full House Resorts from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, July 31st. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $3.67.

Full House Resorts Stock Performance

Shares of FLL stock traded up $0.14 during trading hours on Friday, reaching $2.33. The company had a trading volume of 70,290 shares, compared to its average volume of 152,434. The company has a debt-to-equity ratio of 187.23, a quick ratio of 0.57 and a current ratio of 0.60. The business has a fifty day moving average price of $2.59 and a 200-day moving average price of $2.52. Full House Resorts has a one year low of $2.02 and a one year high of $4.29. The firm has a market cap of $84.46 million, a PE ratio of -2.15 and a beta of 1.24.

Full House Resorts (NASDAQ:FLL) last issued its quarterly earnings results on Thursday, August 6th. The company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.17) by ($0.07). The business had revenue of $78.06 million for the quarter, compared to analysts’ expectations of $78.42 million. Full House Resorts had a negative return on equity of 473.31% and a negative net margin of 12.79%.

Institutional Investors Weigh In On Full House Resorts

Hedge funds have recently made changes to their positions in the company. 1060 Capital LLC bought a new stake in Full House Resorts in the 4th quarter worth approximately $1,044,000. Arrowstreet Capital Limited Partnership grew its holdings in shares of Full House Resorts by 282.7% in the third quarter. Arrowstreet Capital Limited Partnership now owns 343,233 shares of the company’s stock valued at $1,102,000 after purchasing an additional 253,536 shares in the last quarter. Jane Street Group LLC grew its holdings in shares of Full House Resorts by 1,685.4% in the second quarter. Jane Street Group LLC now owns 229,301 shares of the company’s stock valued at $839,000 after purchasing an additional 216,458 shares in the last quarter. Orvieto Partners L.P. increased its position in Full House Resorts by 40.9% in the first quarter. Orvieto Partners L.P. now owns 714,897 shares of the company’s stock worth $1,609,000 after purchasing an additional 207,420 shares during the last quarter. Finally, Mink Brook Asset Management LLC purchased a new stake in Full House Resorts during the second quarter valued at $739,000. 37.68% of the stock is currently owned by hedge funds and other institutional investors.

About Full House Resorts

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.