Isle of Capri Casinos Inc. (NASDAQ:ISLE) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Friday.

According to Zacks, “Isle of Capri Casinos is a developer, owner and operator of branded gaming and related lodging and entertainment facilities in growing markets in the United States. The company wholly or partially owns and operates gaming facilities under the name Isle of Capri. In addition, the company wholly owns and operates a pari-mutuel harness racing facility and owns interests in and operates gaming activities aboard a cruise ship based. “

A number of other analysts have also commented on the company. TheStreet lowered Isle of Capri Casinos from a “buy” rating to a “hold” rating in a research note on Tuesday, August 30th. Gabelli lowered Isle of Capri Casinos from a “buy” rating to a “hold” rating in a research note on Tuesday, September 20th. Stifel Nicolaus lowered Isle of Capri Casinos from a “buy” rating to a “hold” rating in a research note on Tuesday, September 20th. Finally, Macquarie lowered Isle of Capri Casinos from an “outperform” rating to a “neutral” rating and set a $23.00 price target on the stock. in a research note on Wednesday, September 21st. Eight investment analysts have rated the stock with a hold rating, The company currently has a consensus rating of “Hold” and a consensus price target of $19.33.

Analyst Recommendations for Isle of Capri Casinos (NASDAQ:ISLE)

Isle of Capri Casinos (NASDAQ:ISLE) opened at 22.10 on Friday. Isle of Capri Casinos has a 12 month low of $10.62 and a 12 month high of $23.32. The stock’s 50 day moving average price is $21.56 and its 200-day moving average price is $18.83. The firm has a market capitalization of $912.80 million, a P/E ratio of 17.16 and a beta of 1.59.

Isle of Capri Casinos (NASDAQ:ISLE) last posted its quarterly earnings data on Tuesday, August 30th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by $0.04. The company had revenue of $240.86 million for the quarter, compared to analyst estimates of $246.88 million. Isle of Capri Casinos had a net margin of 5.49% and a return on equity of 82.82%. The firm’s revenue was down 2.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.28 EPS. On average, analysts forecast that Isle of Capri Casinos will post $1.24 earnings per share for the current year.

Institutional investors have recently added to or reduced their stakes in the company. Sphinx Trading LP purchased a new position in Isle of Capri Casinos during the third quarter worth approximately $100,000. Great West Life Assurance Co. Can purchased a new position in Isle of Capri Casinos during the third quarter worth approximately $109,000. Victory Capital Management Inc. purchased a new position in Isle of Capri Casinos during the third quarter worth approximately $116,000. PNC Financial Services Group Inc. increased its position in Isle of Capri Casinos by 3,980.9% in the third quarter. PNC Financial Services Group Inc. now owns 7,060 shares of the company’s stock worth $158,000 after buying an additional 6,887 shares during the period. Finally, Hsbc Holdings PLC purchased a new position in Isle of Capri Casinos during the second quarter worth approximately $184,000. Institutional investors own 49.51% of the company’s stock.

About Isle of Capri Casinos

Isle of Capri Casinos, Inc is a developer, owner and operator of branded gaming facilities and related dining, lodging and entertainment facilities in regional markets in the United States. The Company owns or operates over 10 gaming and entertainment facilities in Colorado, Florida, Iowa, Louisiana, Mississippi, Missouri and Pennsylvania.

5 Day Chart for NASDAQ:ISLE

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