Flutter Entertainment (NYSE:FLUT) Given New $311.00 Price Target at Citizens Jmp

Flutter Entertainment (NYSE:FLUT) had its price objective reduced by Citizens Jmp from $345.00 to $311.00 in a report released on Thursday morning,Benzinga reports. They currently have a market outperform rating on the stock.

A number of other equities research analysts have also recently commented on the company. Barclays dropped their target price on Flutter Entertainment from $352.00 to $325.00 and set an “overweight” rating on the stock in a research report on Thursday, November 13th. Kepler Capital Markets upgraded Flutter Entertainment to a “strong-buy” rating in a research report on Thursday, August 28th. Sanford C. Bernstein restated a “market perform” rating on shares of Flutter Entertainment in a research report on Thursday. Benchmark reduced their target price on Flutter Entertainment from $310.00 to $285.00 and set a “buy” rating for the company in a research note on Monday, December 1st. Finally, Needham & Company LLC decreased their target price on Flutter Entertainment from $325.00 to $300.00 and set a “buy” rating on the stock in a research report on Thursday, November 13th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Flutter Entertainment presently has an average rating of “Moderate Buy” and an average target price of $304.05.

Flutter Entertainment Stock Performance

NYSE FLUT opened at $220.19 on Thursday. The firm has a market capitalization of $38.57 billion, a P/E ratio of -169.38 and a beta of 1.92. The stock has a 50-day simple moving average of $224.78 and a two-hundred day simple moving average of $262.96. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.96 and a current ratio of 0.96. Flutter Entertainment has a fifty-two week low of $189.33 and a fifty-two week high of $313.68.

Hedge Funds Weigh In On Flutter Entertainment

Several institutional investors and hedge funds have recently bought and sold shares of the company. ORG Partners LLC raised its position in shares of Flutter Entertainment by 300.0% during the 2nd quarter. ORG Partners LLC now owns 100 shares of the company’s stock valued at $28,000 after buying an additional 75 shares during the period. Barrett & Company Inc. acquired a new stake in Flutter Entertainment during the second quarter worth $29,000. JFS Wealth Advisors LLC purchased a new stake in Flutter Entertainment in the third quarter valued at $27,000. SVB Wealth LLC acquired a new position in shares of Flutter Entertainment in the 1st quarter valued at $27,000. Finally, JCIC Asset Management Inc. acquired a new position in shares of Flutter Entertainment in the 3rd quarter valued at $32,000.

Flutter Entertainment Company Profile

Flutter Entertainment plc operates as a sports betting and gaming company in the United Kingdom, Ireland, Australia, the United States, Italy, and internationally. The company operates through four segments: UK & Ireland, Australia, International, and US. It offers sports betting, iGaming, daily fantasy sports, online racing wagering, and TV broadcasting products; sportsbooks and exchange sports betting products, and gaming products; and online sports betting.