Bally’s Co. (NYSE:BALY) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Bally’s Co. (NYSE:BALYGet Free Report) have been assigned an average recommendation of “Hold” from the six ratings firms that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $15.33.

A number of analysts have recently weighed in on the company. Stifel Nicolaus raised their price objective on Bally’s from $11.00 to $14.00 and gave the stock a “hold” rating in a research report on Thursday, May 2nd. Truist Financial raised their price objective on Bally’s from $14.00 to $16.00 and gave the stock a “buy” rating in a research report on Tuesday, April 23rd.

Read Our Latest Report on Bally’s

Bally’s Trading Up 0.8 %

Shares of NYSE:BALY opened at $11.25 on Friday. Bally’s has a 12-month low of $7.28 and a 12-month high of $16.96. The business’s fifty day simple moving average is $12.79 and its 200-day simple moving average is $12.45. The company has a market capitalization of $455.51 million, a PE ratio of -1.09 and a beta of 2.07. The company has a current ratio of 0.61, a quick ratio of 0.59 and a debt-to-equity ratio of 8.14.

Bally’s (NYSE:BALYGet Free Report) last announced its quarterly earnings results on Wednesday, May 1st. The company reported ($3.61) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.13) by ($2.48). The company had revenue of $618.48 million during the quarter, compared to analysts’ expectations of $625.94 million. Bally’s had a negative net margin of 21.26% and a negative return on equity of 36.63%. The company’s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.74) earnings per share. As a group, equities research analysts predict that Bally’s will post -7.53 earnings per share for the current fiscal year.

Institutional Trading of Bally’s

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BALY. Rathbones Group PLC acquired a new stake in Bally’s during the 3rd quarter worth about $8,163,000. TFG Asset Management GP Ltd raised its stake in shares of Bally’s by 36.4% during the 4th quarter. TFG Asset Management GP Ltd now owns 1,500,000 shares of the company’s stock valued at $20,910,000 after buying an additional 400,000 shares during the last quarter. HG Vora Capital Management LLC raised its stake in shares of Bally’s by 11.1% during the 3rd quarter. HG Vora Capital Management LLC now owns 2,500,000 shares of the company’s stock valued at $32,775,000 after buying an additional 250,000 shares during the last quarter. Napatree Capital LLC purchased a new position in shares of Bally’s during the 4th quarter valued at about $2,684,000. Finally, Vanguard Group Inc. raised its stake in shares of Bally’s by 5.7% during the 3rd quarter. Vanguard Group Inc. now owns 1,744,829 shares of the company’s stock valued at $22,875,000 after buying an additional 93,681 shares during the last quarter. Institutional investors and hedge funds own 70.41% of the company’s stock.

Bally’s Company Profile

(Get Free Report

Bally's Corporation operates as a casino-entertainment company. It owns and manages casinos across 10 states, a golf course in New York, a horse racetrack in Colorado, and has access to OSB licenses in 18 states. It also owns Bally's Interactive International, an online gaming operator; Bally Bet, a sports betting platform; and Bally Casino, an iCasino platform.

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Analyst Recommendations for Bally's (NYSE:BALY)

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