Should I buy or sell Bally's stock right now?

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Bally's in the last year. There are currently 1 sell rating, 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" BALY shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BALY, but not buy additional shares or sell existing shares. View BALY analyst ratings or view top-rated stocks .

What is Bally's' stock price target for 2024?

6 Wall Street research analysts have issued twelve-month price objectives for Bally's' shares. Their BALY share price targets range from $10.00 to $30.00. On average, they anticipate the company's stock price to reach $14.86 in the next year. This suggests a possible upside of 8.9% from the stock's current price. View analysts price targets for BALY or view top-rated stocks among Wall Street analysts .

How have BALY shares performed in 2024?

Bally's' stock was trading at $13.94 at the start of the year. Since then, BALY shares have decreased by 2.2% and is now trading at $13.64. View the best growth stocks for 2024 here .

Are investors shorting Bally's?

Bally's saw a decrease in short interest in March. As of March 15th, there was short interest totaling 2,190,000 shares, a decrease of 8.4% from the February 29th total of 2,390,000 shares. Based on an average trading volume of 483,600 shares, the days-to-cover ratio is presently 4.5 days. Approximately 9.6% of the company's stock are sold short. View Bally's' Short Interest .

When is Bally's' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 14th 2024. View our BALY earnings forecast .

How were Bally's' earnings last quarter?

Bally's Co. (NYSE:BALY) announced its quarterly earnings results on Wednesday, February, 21st. The company reported ($0.86) EPS for the quarter, missing analysts' consensus estimates of ($0.55) by $0.31. The company had revenue of $611.67 million for the quarter, compared to the consensus estimate of $626.62 million. Bally's had a negative trailing twelve-month return on equity of 17.92% and a negative net margin of 7.05%.

What ETFs hold Bally's' stock?

ETFs with the largest weight of Bally's (NYSE:BALY) stock in their portfolio include Pacer BlueStar Digital Entertainment ETF (ODDS) and Roundhill Sports Betting & iGaming ETF (BETZ) . First Trust S-Network Streaming and Gaming ETF (BNGE) .

What guidance has Bally's issued on next quarter's earnings?

Bally's issued an update on its FY 2024 earnings guidance on Wednesday, February, 21st. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $2.5 billion-$2.7 billion, compared to the consensus revenue estimate of $2.7 billion.

How do I buy shares of Bally's?

Shares of BALY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NYSE:BALY

Bally's (BALY) Stock Price, News & Analysis

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Free BALY Stock Alerts

$13.72

+0.25 (+1.86%)

(As of 01:50 PM ET)

Compare

Today's Range: $13.42
▼
$13.93
50-Day Range: $9.75
▼
$13.95
52-Week Range: $7.28
▼
$19.03

Volume: 273,857 shs
Average Volume: 476,568 shs
Market Capitalization: $550.03 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $14.86

Get Bally's alerts:

Bally's MarketRank™ Stock Analysis

Analyst Rating: Hold
2.17 Rating Score
Upside/Downside: 8.9% Upside
$14.86 Price Target
Short Interest: Healthy
8.72% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.82
Based on 3 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($3.73) to ($3.07) Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

0.93 out of 5 stars

Consumer Discretionary Sector

202nd out of 257 stocks

Hotels & Motels Industry

17th out of 22 stocks

1.1

Analyst's Opinion

Consensus Rating
Bally's has received a consensus rating of Hold. The company's average rating score is 2.17, and is based on 2 buy ratings, 3 hold ratings, and 1 sell rating.
Amount of Analyst Coverage
Bally's has only been the subject of 1 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
8.72% of the float of Bally's has been sold short.
Short Interest Ratio / Days to Cover
Bally's has a short interest ratio ("days to cover") of 4.
Change versus previous month
Short interest in Bally's has recently decreased by 9.13%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Bally's does not currently pay a dividend.
Dividend Growth
Bally's does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for BALY.

2.7

News and Social Media Coverage

News Sentiment
Bally's has a news sentiment score of 0.82. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.52 average news sentiment score of Consumer Discretionary companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Bally's this week, compared to 2 articles on an average week.
Search Interest
Only 2 people have searched for BALY on MarketBeat in the last 30 days. This is a decrease of -33% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Bally's insiders have not sold or bought any company stock.
Percentage Held by Insiders
28.90% of the stock of Bally's is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
70.41% of the stock of Bally's is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Bally's are expected to grow in the coming year, from ($3.73) to ($3.07) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Bally's is -3.90, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Bally's is -3.90, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Bally's has a P/B Ratio of 0.98. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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About Bally's Stock (NYSE:BALY)

Bally's Corporation operates as a casino-entertainment company. It owns and manages casinos across 10 states, a golf course in New York, a horse racetrack in Colorado, and has access to OSB licenses in 18 states. It also owns Bally's Interactive International, an online gaming operator; Bally Bet, a sports betting platform; and Bally Casino, an iCasino platform. The company's casino operations include slot machines, table games, and hotel rooms. It also has rights to developable land in Las Vegas. The company was formerly known as Twin River Worldwide Holdings, Inc. and changed its name to Bally's Corporation in November 2020. Bally's Corporation was incorporated in 2004 and is headquartered in Providence, Rhode Island.

BALY Stock Price History

30 days | 90 days | 365 days | Advanced Chart

BALY Stock News Headlines

April 18, 2024 | businesswire.com

Bally's to Report First Quarter 2024 Results on May 1, 2024

April 17, 2024 | stockhouse.com

Bally's Atlantic City Celebrates 45th Anniversary

April 18, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here

April 17, 2024 | globenewswire.com

Bally's Atlantic City Celebrates 45th Anniversary

April 8, 2024 | msn.com

Las Vegas reshuffle: Out with the Tropicana and in with the Oakland A's

April 5, 2024 | finance.yahoo.com

Q4 Earnings Outperformers: Bally's (NYSE:BALY) And The Rest Of The Casino Operator Stocks

April 5, 2024 | msn.com

Rival suitor suggests Bally’s reject company buyout bid

April 2, 2024 | msn.com

Bally’s (NYSE:BALY) Slips on Shareholder Battle over Projects, Buyout

April 18, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here

April 2, 2024 | finance.yahoo.com

K&F Growth Capital Issues Letter to the Board of Directors of Bally’s Corporation

April 2, 2024 | tmcnet.com

K&F Growth Capital Issues Letter to the Board of Directors of Bally's Corporation

April 2, 2024 | cnbc.com

Bally's shareholders wage battle over ownership, 'unfunded development projects'

March 28, 2024 | bizjournals.com

Bally's hires advisors to evaluate takeover bid

March 28, 2024 | finance.yahoo.com

Special Committee of Bally’s Retains Financial and Legal Advisors in Connection With Standard General’s Proposal

March 13, 2024 | msn.com

Bally's chairman considers proposed buyout

March 12, 2024 | msn.com

Bally's gains after forming committee to evaluate takeover proposal

March 12, 2024 | finance.yahoo.com

Bally’s Forms Special Committee to Evaluate Preliminary, Non-Binding Acquisition Proposal by Standard General

March 12, 2024 | businesswire.com

Bally's Forms Special Committee to Evaluate Preliminary, Non-Binding Acquisition Proposal by Standard General

March 12, 2024 | markets.businessinsider.com

Bally’s Corporation: Unveiling Intrinsic Value and Buyout Potential – A Buy Rating Reinforcement

March 12, 2024 | markets.businessinsider.com

Bally’s Corporation Sell Rating: Financial Strains and Acquisition Concerns Outweigh Growth Potential

March 11, 2024 | realmoney.thestreet.com

Bally's 'polarizing issue' has been Chicago, says Macquarie

March 11, 2024 | msn.com

Stock Market Today: Dow ekes out gain ahead of key inflation report

March 11, 2024 | finance.yahoo.com

BALY Dec 2024 5.000 put

March 11, 2024 | finance.yahoo.com

BALY Dec 2024 10.000 call

March 11, 2024 | investopedia.com

Bally's Stock Soars Nearly 30% on New Takeover Bid from Hedge Fund

March 11, 2024 | cnbc.com

Stocks making the biggest moves midday: Nvidia, Coinbase, Oracle, Bally's and more

February 23, 2024 | markets.businessinsider.com

Bally’s Corporation: Resilient Performance and Positive Outlook Justify Buy Rating

See More Headlines

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Company Calendar

Last Earnings: 2/21/2024
Today: 4/18/2024
Next Earnings (Estimated): 5/14/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Consumer Discretionary
Industry: Hotels & motels
Sub-Industry: N/A
Current Symbol: NYSE:BALY
CUSIP: N/A
CIK: 1747079
Web: www.twinriverwwholdings.com
Phone: (401) 475-8474
Fax: N/A
Employees: 10,500
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $14.86
High Stock Price Target: $30.00
Low Stock Price Target: $10.00
Potential Upside/Downside: +10.3%
Consensus Rating: Hold
Rating Score (0-4): 2.17
Research Coverage: 6 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($3.50)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-187,500,000.00
Net Margins: -7.05%
Pretax Margin: -7.58%
Return on Equity: -17.92%
Return on Assets: -2.36%

Debt

Debt-to-Equity Ratio: 5.73
Current Ratio: 0.65
Quick Ratio: 0.64

Sales & Book Value

Annual Sales: $2.45 billion
Price / Sales: 0.22
Cash Flow: $2.52 per share
Price / Cash Flow: 5.34
Book Value: $13.94 per share
Price / Book: 0.97

Miscellaneous

Outstanding Shares: 40,090,000
Free Float: 28,503,000
Market Cap: $539.81 million
Optionable: Optionable
Beta: 2.08

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Key Executives

Mr. Robeson Mandela Reeves (Age 40)
CEO & Director
Comp: $2.32M
Mr. George T. Papanier (Age 66)
President & Director
Comp: $2.08M
Mr. Marcus Glover (Age 48)
Executive VP & CFO
Comp: $913.89k
Ms. Kimberly Marie Barker Lee (Age 56)
Executive VP & Chief Legal Officer
Comp: $939.16k
Mr. Craig L. Eaton (Age 59)
President of Rhode Island Operations & Corporate Secretary
Comp: $690.04k
Charles Diao
Senior VP of Finance & Corporate Treasurer
Jeff Chalson
Vice President of Corporate Development & Strategy

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

BALY Stock Analysis - Frequently Asked Questions

Should I buy or sell Bally's stock right now?: 6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Bally's in the last year. There are currently 1 sell rating, 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" BALY shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BALY, but not buy additional shares or sell existing shares.
View BALY analyst ratings or view top-rated stocks.
What is Bally's' stock price target for 2024?: 6 Wall Street research analysts have issued twelve-month price objectives for Bally's' shares. Their BALY share price targets range from $10.00 to $30.00. On average, they anticipate the company's stock price to reach $14.86 in the next year. This suggests a possible upside of 8.9% from the stock's current price.
View analysts price targets for BALY or view top-rated stocks among Wall Street analysts.
How have BALY shares performed in 2024?: Bally's' stock was trading at $13.94 at the start of the year. Since then, BALY shares have decreased by 2.2% and is now trading at $13.64.
View the best growth stocks for 2024 here.
Are investors shorting Bally's?: Bally's saw a decrease in short interest in March. As of March 15th, there was short interest totaling 2,190,000 shares, a decrease of 8.4% from the February 29th total of 2,390,000 shares. Based on an average trading volume of 483,600 shares, the days-to-cover ratio is presently 4.5 days. Approximately 9.6% of the company's stock are sold short.
View Bally's' Short Interest.
When is Bally's' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 14th 2024.
View our BALY earnings forecast.

How were Bally's' earnings last quarter?: Bally's Co. (NYSE:BALY) announced its quarterly earnings results on Wednesday, February, 21st. The company reported ($0.86) EPS for the quarter, missing analysts' consensus estimates of ($0.55) by $0.31. The company had revenue of $611.67 million for the quarter, compared to the consensus estimate of $626.62 million. Bally's had a negative trailing twelve-month return on equity of 17.92% and a negative net margin of 7.05%.
What ETFs hold Bally's' stock?: ETFs with the largest weight of Bally's (NYSE:BALY) stock in their portfolio include Pacer BlueStar Digital Entertainment ETF (ODDS) and Roundhill Sports Betting & iGaming ETF (BETZ).First Trust S-Network Streaming and Gaming ETF (BNGE).
What guidance has Bally's issued on next quarter's earnings?: Bally's issued an update on its FY 2024 earnings guidance on Wednesday, February, 21st. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $2.5 billion-$2.7 billion, compared to the consensus revenue estimate of $2.7 billion.
How do I buy shares of Bally's?: Shares of BALY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:BALY) was last updated on 4/18/2024 by MarketBeat.com Staff

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Bally's (BALY) Stock Price, News & Analysis

Bally's MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

Company Ownership

Earnings and Valuation

About Bally's Stock (NYSE:BALY)

BALY Stock Price History

BALY Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

BALY Stock Analysis - Frequently Asked Questions

Overall MarketRank^™