Michael E. Pegram Acquires 5,000 Shares of Eldorado Resorts Inc. (ERI) Stock
Eldorado Resorts Inc. (NASDAQ:ERI) Director Michael E. Pegram bought 5,000 shares of the stock in a transaction dated Wednesday, November 9th. The stock was purchased at an average price of $10.95 per share, with a total value of $54,750.00. Following the acquisition, the director now directly owns 51,697 shares in the company, valued at approximately $566,082.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Eldorado Resorts Inc. (NASDAQ:ERI) opened at 13.00 on Wednesday. The company has a market cap of $612.37 million, a price-to-earnings ratio of 4.64 and a beta of 0.99. Eldorado Resorts Inc. has a one year low of $8.47 and a one year high of $15.60. The company’s 50-day moving average is $12.84 and its 200-day moving average is $13.95.
Several equities research analysts have recently issued reports on ERI shares. Imperial Capital lifted their price objective on shares of Eldorado Resorts from $18.00 to $19.00 and gave the company an “outperform” rating in a report on Monday, August 15th. Zacks Investment Research lowered shares of Eldorado Resorts from a “hold” rating to a “sell” rating in a report on Monday, November 7th. Finally, SunTrust Banks Inc. started coverage on shares of Eldorado Resorts in a report on Friday, August 19th. They set a “buy” rating and a $17.00 price objective for the company.
Eldorado Resorts Company Profile
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