Shares of Eldorado Resorts Inc (NASDAQ:ERI) have been assigned a consensus rating of “Buy” from the twelve research firms that are presently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $54.30.

Several analysts recently weighed in on ERI shares. Zacks Investment Research upgraded shares of Eldorado Resorts from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 8th. Stifel Nicolaus set a $58.00 price target on shares of Eldorado Resorts and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Susquehanna Bancshares began coverage on shares of Eldorado Resorts in a research note on Wednesday, July 24th. They issued a “neutral” rating and a $50.00 price target for the company. Wolfe Research upgraded shares of Eldorado Resorts from a “peer perform” rating to an “outperform” rating and set a $46.12 price target for the company in a research note on Tuesday, June 25th. Finally, ValuEngine upgraded shares of Eldorado Resorts from a “hold” rating to a “buy” rating in a research note on Wednesday.

In other news, Director James B. Hawkins acquired 2,000 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was acquired at an average cost of $35.70 per share, with a total value of $71,400.00. Following the transaction, the director now owns 125,137 shares in the company, valued at $4,467,390.90. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director James B. Hawkins acquired 6,000 shares of the firm’s stock in a transaction dated Thursday, August 8th. The shares were purchased at an average cost of $40.35 per share, with a total value of $242,100.00. Following the completion of the transaction, the director now owns 119,137 shares in the company, valued at approximately $4,807,177.95. The disclosure for this purchase can be found here. Insiders own 1.50% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in ERI. Zeke Capital Advisors LLC increased its stake in shares of Eldorado Resorts by 11.4% during the third quarter. Zeke Capital Advisors LLC now owns 12,783 shares of the company’s stock worth $510,000 after acquiring an additional 1,303 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of Eldorado Resorts by 19.9% during the third quarter. Envestnet Asset Management Inc. now owns 76,799 shares of the company’s stock worth $3,062,000 after acquiring an additional 12,770 shares during the period. Nisa Investment Advisors LLC increased its stake in shares of Eldorado Resorts by 59.3% during the third quarter. Nisa Investment Advisors LLC now owns 860 shares of the company’s stock worth $34,000 after acquiring an additional 320 shares during the period. Peregrine Capital Management LLC increased its stake in shares of Eldorado Resorts by 3.1% during the third quarter. Peregrine Capital Management LLC now owns 662,492 shares of the company’s stock worth $26,414,000 after acquiring an additional 20,190 shares during the period. Finally, Three Peaks Capital Management LLC increased its stake in shares of Eldorado Resorts by 38.7% during the third quarter. Three Peaks Capital Management LLC now owns 125,309 shares of the company’s stock worth $4,996,000 after acquiring an additional 34,987 shares during the period. 99.04% of the stock is owned by institutional investors and hedge funds.

Eldorado Resorts stock traded up $0.14 during trading on Tuesday, hitting $43.04. The company had a trading volume of 801,230 shares, compared to its average volume of 1,578,879. Eldorado Resorts has a 1-year low of $31.86 and a 1-year high of $54.99. The company has a current ratio of 1.83, a quick ratio of 1.78 and a debt-to-equity ratio of 3.67. The company’s 50 day simple moving average is $40.59 and its 200-day simple moving average is $45.35. The stock has a market cap of $3.34 billion, a price-to-earnings ratio of 31.19, a price-to-earnings-growth ratio of 1.26 and a beta of 1.51.

Eldorado Resorts (NASDAQ:ERI) last posted its earnings results on Tuesday, August 6th. The company reported $0.24 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.25). Eldorado Resorts had a net margin of 3.90% and a return on equity of 9.47%. The company had revenue of $637.10 million during the quarter, compared to analyst estimates of $658.74 million. During the same quarter last year, the business posted $0.47 EPS. The firm’s revenue for the quarter was up 39.5% on a year-over-year basis. As a group, analysts forecast that Eldorado Resorts will post 1.71 earnings per share for the current fiscal year.

About Eldorado Resorts

Eldorado Resorts, Inc operates as a gaming and hospitality company in the United States. It owns and operates Eldorado Resort Casino Reno, a hotel, casino, and entertainment facility; Silver Legacy Resort Casino, a themed hotel and casino; Circus Circus Reno, a hotel-casino and entertainment complex; Eldorado Resort Casino Shreveport, a hotel and tri-level riverboat dockside casino; Mountaineer Casino, Racetrack & Resort, a hotel, casino, entertainment, and live thoroughbred horse racing facility; Presque Isle Downs & Casino, a casino and live thoroughbred horse racing facility; and Eldorado Gaming Scioto Downs, a modern racino.

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Analyst Recommendations for Eldorado Resorts (NASDAQ:ERI)

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