Full House Resorts (NASDAQ:FLL) Coverage Initiated at B. Riley

Equities research analysts at B. Riley initiated coverage on shares of Full House Resorts (NASDAQ:FLL – Get Rating) in a report issued on Tuesday, The Fly reports. The firm set a “buy” rating on the stock.

Separately, StockNews.com upgraded shares of Full House Resorts from a “hold” rating to a “buy” rating in a report on Tuesday, April 12th.

Full House Resorts stock opened at $9.25 on Tuesday. The company’s 50-day moving average price is $9.30 and its 200-day moving average price is $10.01. Full House Resorts has a twelve month low of $7.40 and a twelve month high of $12.57. The company has a quick ratio of 7.19, a current ratio of 7.24 and a debt-to-equity ratio of 2.70. The company has a market cap of $316.75 million, a PE ratio of 31.90 and a beta of 2.01.

Full House Resorts (NASDAQ:FLL – Get Rating) last issued its quarterly earnings results on Tuesday, March 8th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.13 by $0.01. The company had revenue of $43.27 million for the quarter, compared to the consensus estimate of $43.30 million. Full House Resorts had a net margin of 6.50% and a return on equity of 11.18%. During the same period in the prior year, the firm posted $0.12 EPS. As a group, sell-side analysts expect that Full House Resorts will post 0.32 earnings per share for the current fiscal year.

A number of large investors have recently modified their holdings of the stock. Royal Bank of Canada grew its stake in Full House Resorts by 55.0% in the 3rd quarter. Royal Bank of Canada now owns 3,473 shares of the company’s stock worth $37,000 after acquiring an additional 1,233 shares in the last quarter. Dorsey Wright & Associates grew its stake in Full House Resorts by 15.7% in the 4th quarter. Dorsey Wright & Associates now owns 9,440 shares of the company’s stock worth $114,000 after acquiring an additional 1,280 shares in the last quarter. US Bancorp DE bought a new position in Full House Resorts in the 3rd quarter worth about $25,000. BNP Paribas Arbitrage SA grew its stake in Full House Resorts by 33.5% in the 4th quarter. BNP Paribas Arbitrage SA now owns 9,974 shares of the company’s stock worth $121,000 after acquiring an additional 2,503 shares in the last quarter. Finally, Rhumbline Advisers grew its stake in Full House Resorts by 14.7% in the 4th quarter. Rhumbline Advisers now owns 21,023 shares of the company’s stock worth $255,000 after acquiring an additional 2,687 shares in the last quarter. Institutional investors own 59.27% of the company’s stock.

Full House Resorts Company Profile (Get Rating)

Full House Resorts, Inc owns, develops, invests in, operates, manages, and leases casinos, and related hospitality and entertainment facilities in the United States. The company owns and operates the Silver Slipper Casino and Hotel in Hancock County, Mississippi, which has 757 slot machines and 24 table games, a surface parking lot, and a 129 hotel rooms; an on-site sportsbook, a fine-dining restaurant, a buffet, and a quick-service restaurant, as well as an oyster bar, a casino bar, and a beachfront bar; and 37-space beachfront RV park.

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