Flutter Entertainment (NYSE:FLUT) Stock Gets Price Target Cut from JPMorgan Chase & Co.

Flutter Entertainment (NYSE:FLUT) had its price target decreased by JPMorgan Chase & Co. from $114.00 to $110.00 in a research report released on Tuesday,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

Other equities research analysts have also recently issued reports about the stock. UBS Group reduced their price target on shares of Flutter Entertainment from $160.00 to $140.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. Truist Financial decreased their price objective on shares of Flutter Entertainment from $120.00 to $100.00 and set a “buy” rating for the company in a research note on Tuesday. Citigroup upgraded Flutter Entertainment from a “neutral” rating to a “buy” rating and cut their target price for the stock from $93.00 to $91.00 in a research report on Wednesday, October 7th. Wells Fargo & Company reduced their target price on Flutter Entertainment from $137.00 to $112.00 and set an “equal weight” rating for the company in a report on Thursday, August 6th. Finally, Citizens Jmp decreased their target price on Flutter Entertainment from $145.00 to $129.00 and set a “market outperform” rating for the company in a research report on Tuesday, October 13th. Two analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Flutter Entertainment presently has an average rating of “Moderate Buy” and a consensus price target of $141.41.

Flutter Entertainment Stock Up 4.1%

Shares of NYSE:FLUT opened at $81.48 on Tuesday. The company has a market capitalization of $14.14 billion, a PE ratio of 20.59, a P/E/G ratio of 2.52 and a beta of 1.39. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.32. Flutter Entertainment has a twelve month low of $72.56 and a twelve month high of $255.26. The firm has a 50 day simple moving average of $89.33 and a 200-day simple moving average of $98.40.

Flutter Entertainment (NYSE:FLUT) last issued its earnings results on Thursday, August 6th. The company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.05). The company had revenue of $4.33 billion during the quarter, compared to analyst estimates of $4.24 billion. Flutter Entertainment had a negative net margin of 4.39% and a positive return on equity of 7.27%. The company’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.95 EPS. On average, equities analysts predict that Flutter Entertainment will post 3.48 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Jeremy Jackson sold 1,762 shares of the company’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $97.86, for a total value of $172,429.32. Following the completion of the sale, the chief executive officer directly owned 70,452 shares of the company’s stock, valued at approximately $6,894,432.72. This represents a 2.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Daniel Taylor sold 791 shares of the stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $97.86, for a total transaction of $77,407.26. Following the sale, the chief executive officer owned 52,467 shares of the company’s stock, valued at $5,134,420.62. This trade represents a 1.49% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 6,681 shares of company stock valued at $644,214. 0.13% of the stock is owned by insiders.

Institutional Trading of Flutter Entertainment

A number of hedge funds have recently added to or reduced their stakes in FLUT. Parallel Advisors LLC grew its stake in shares of Flutter Entertainment by 489.7% in the 1st quarter. Parallel Advisors LLC now owns 460 shares of the company’s stock valued at $47,000 after purchasing an additional 382 shares during the last quarter. CX Institutional raised its stake in shares of Flutter Entertainment by 729.7% during the second quarter. CX Institutional now owns 531 shares of the company’s stock worth $54,000 after purchasing an additional 467 shares during the last quarter. Allworth Financial LP raised its stake in shares of Flutter Entertainment by 167.8% during the second quarter. Allworth Financial LP now owns 557 shares of the company’s stock worth $57,000 after purchasing an additional 349 shares during the last quarter. TD Waterhouse Canada Inc. raised its stake in shares of Flutter Entertainment by 65.8% during the second quarter. TD Waterhouse Canada Inc. now owns 630 shares of the company’s stock worth $67,000 after purchasing an additional 250 shares during the last quarter. Finally, Integrated Wealth Concepts LLC acquired a new stake in shares of Flutter Entertainment during the second quarter worth $119,000.

Key Stories Impacting Flutter Entertainment

Here are the key news stories impacting Flutter Entertainment this week:

• Positive Sentiment: Flutter’s UK and Ireland restructuring, including up to 1,400 job cuts, is intended to offset higher gambling taxes and improve the cost base. Citi said the associated costs are already reflected in management’s guidance, reducing the risk of a new earnings downgrade. Flutter restructuring carries no new guidance impact, says Citi
• Neutral Sentiment: Flutter will publish its third-quarter 2026 update before the U.S. market opens on November 4, followed by a conference call. The report could provide a clearer view of customer activity, tax impacts and the outlook for the business. Flutter Entertainment to Report Third Quarter 2026 Update
• Neutral Sentiment: Bank of America Securities initiated or reiterated a Hold rating, signaling limited conviction that the current valuation offers a strong near-term catalyst. Flutter Receives a Hold from Bank of America Securities
• Negative Sentiment: MoffettNathanson reduced its price target to $92 from $105 while maintaining a Neutral rating. JPMorgan also cut its target, reinforcing concerns about Flutter’s earnings outlook, valuation or exposure to regulatory and tax changes. MoffettNathanson Cuts Price Target on Flutter JPMorgan Cuts Flutter Price Target
• Negative Sentiment: The planned redundancies and uncertainty surrounding PokerStars’ Isle of Man operations highlight the disruption from restructuring and may weigh on employee morale and execution. PokerStars Isle of Man Faces Uncertainty
• Negative Sentiment: Pomerantz LLP is investigating potential claims on behalf of Flutter investors. The investigation does not establish wrongdoing, but it introduces additional headline and litigation risk. Pomerantz Investor Alert

About Flutter Entertainment

Flutter Entertainment plc is a global sports betting and online gaming company headquartered in Dublin, Ireland. The company operates a portfolio of betting, gaming, poker and daily fantasy sports brands, serving customers through online platforms, mobile applications and, in some markets, retail locations.

Its principal brands include FanDuel in the United States, Paddy Power and Betfair in the United Kingdom and Ireland, Sky Bet in the United Kingdom, PokerStars internationally, and Sisal and SNAI in Italy.