Full House Resorts (NASDAQ:FLL) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Full House Resorts (NASDAQ:FLL) from a sell rating to a hold rating in a research note issued to investors on Sunday.

A number of other equities research analysts also recently commented on the company. Citizens Jmp decreased their target price on Full House Resorts from $4.00 to $3.00 and set a “market outperform” rating on the stock in a research report on Friday, August 7th. Weiss Ratings upgraded Full House Resorts from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, July 31st. Finally, Citigroup reaffirmed a “market outperform” rating on shares of Full House Resorts in a research note on Friday, August 7th. Three research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $3.50.

Full House Resorts Stock Performance

Shares of NASDAQ FLL opened at $2.23 on Friday. The company has a debt-to-equity ratio of 187.23, a quick ratio of 0.59 and a current ratio of 0.62. The company has a market cap of $80.86 million, a P/E ratio of -2.19 and a beta of 1.24. The firm’s fifty day moving average is $2.57 and its two-hundred day moving average is $2.51. Full House Resorts has a 52-week low of $2.02 and a 52-week high of $3.85.

Full House Resorts (NASDAQ:FLL) last announced its quarterly earnings results on Thursday, August 6th. The company reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.17) by ($0.07). The company had revenue of $78.06 million during 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 12.06%.

Institutional Trading of Full House Resorts

A number of large investors have recently made changes to their positions in FLL. BlackRock Inc. purchased a new stake in shares of Full House Resorts during the 2nd quarter valued at about $1,814,000. GSA Capital Partners LLP purchased a new position in Full House Resorts in the second quarter worth about $237,000. One Wealth Advisors LLC bought a new stake in Full House Resorts during the second quarter worth approximately $361,000. Rangeley Capital LLC increased its stake in Full House Resorts by 2.2% during the first quarter. Rangeley Capital LLC now owns 915,578 shares of the company’s stock worth $2,060,000 after acquiring an additional 19,578 shares during the last quarter. Finally, Orvieto Partners L.P. raised its position in Full House Resorts by 40.9% during the first quarter. Orvieto Partners L.P. now owns 714,897 shares of the company’s stock valued at $1,609,000 after purchasing an additional 207,420 shares during the period. 37.68% of the stock is currently owned by institutional investors.

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.