Analysts Set Full House Resorts, Inc. (NASDAQ:FLL) PT at $5.50

Shares of Full House Resorts, Inc. (NASDAQ:FLL) have received a consensus recommendation of “Hold” from the five ratings firms that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $5.50.

FLL has been the subject of a number of research analyst reports. Macquarie reissued a “neutral” rating and set a $4.00 target price on shares of Full House Resorts in a research report on Friday, August 8th. JMP Securities increased their price objective on Full House Resorts from $4.00 to $5.00 and gave the company a “market outperform” rating in a research report on Friday, July 18th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Full House Resorts in a research report on Saturday, September 27th.

Full House Resorts Stock Performance

Shares of Full House Resorts stock opened at $3.01 on Friday. The business has a fifty day simple moving average of $3.66 and a 200-day simple moving average of $3.66. Full House Resorts has a 12 month low of $2.86 and a 12 month high of $5.59. The stock has a market cap of $108.69 million, a PE ratio of -2.62 and a beta of 1.54. The company has a quick ratio of 0.60, a current ratio of 0.63 and a debt-to-equity ratio of 22.08.

Full House Resorts (NASDAQ:FLL) last issued its earnings results on Thursday, August 7th. The company reported ($0.29) earnings per share for the quarter, missing the consensus estimate of ($0.20) by ($0.09). The firm had revenue of $73.95 million during the quarter, compared to analyst estimates of $80.47 million. Full House Resorts had a negative return on equity of 118.79% and a negative net margin of 13.75%.

Insider Buying and Selling at Full House Resorts

In related news, Director Eric J. Green bought 10,000 shares of Full House Resorts stock in a transaction that occurred on Wednesday, August 13th. The stock was acquired at an average price of $3.54 per share, for a total transaction of $35,400.00. Following the completion of the purchase, the director owned 233,959 shares in the company, valued at approximately $828,214.86. This represents a 4.47% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 9.40% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE raised its stake in Full House Resorts by 38.6% during the fourth quarter. Bank of America Corp DE now owns 38,495 shares of the company’s stock worth $157,000 after acquiring an additional 10,723 shares in the last quarter. Squarepoint Ops LLC acquired a new stake in shares of Full House Resorts during the 4th quarter worth about $46,000. Villere ST Denis J & Co. LLC bought a new position in Full House Resorts during the 1st quarter valued at about $167,000. Bank of New York Mellon Corp boosted its position in Full House Resorts by 6.0% in the first quarter. Bank of New York Mellon Corp now owns 74,322 shares of the company’s stock valued at $311,000 after buying an additional 4,187 shares in the last quarter. Finally, One Wealth Advisors LLC grew its stake in Full House Resorts by 127.0% during the first quarter. One Wealth Advisors LLC now owns 578,962 shares of the company’s stock worth $2,420,000 after buying an additional 323,931 shares during the last quarter. Institutional investors own 37.68% of the company’s stock.

About Full House Resorts

Full House Resorts, Inc owns, leases, operates, develops, manages, and invests in casinos, and related hospitality and entertainment facilities in the United States. It operates through Midwest & South, West, and Contracted Sports Wagering segments. The company's properties include American Place in Waukegan, Illinois; Silver Slipper Casino and Hotel in Hancock County, Mississippi; Rising Star Casino Resort in Rising Sun, Indiana; Bronco Billy's Casino and Chamonix Casino Hotel in Cripple Creek, Colorado; Stockman's Casino in Fallon, Nevada; and Grand Lodge Casino, located within the Hyatt Regency Lake Tahoe Resort, Spa and Casino in Incline Village, Nevada.