Full House Resorts (NASDAQ:FLL) Stock Rating Cut to “Hold” at Texas Capital

Texas Capital lowered shares of Full House Resorts (NASDAQ:FLL) from a strong-buy rating to a hold rating in a research note published on Monday morning,Zacks reports.

A number of other analysts have also recently issued reports on FLL. Citizens Jmp reduced their price objective on Full House Resorts from $4.00 to $3.00 and set a “market outperform” rating for the company in a research report on Friday, August 7th. Weiss Ratings upgraded Full House Resorts from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, October 2nd. Citigroup reaffirmed a “market outperform” rating on shares of Full House Resorts in a research report on Friday, August 7th. Finally, Wall Street Zen raised Full House Resorts from a “sell” rating to a “hold” rating in a research report on Sunday, August 16th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $3.50.

Full House Resorts Stock Down 10.2%

Shares of NASDAQ:FLL opened at $0.74 on Monday. The firm has a fifty day moving average of $1.52 and a two-hundred day moving average of $2.25. The firm has a market capitalization of $26.93 million, a P/E ratio of -0.73 and a beta of 1.41. Full House Resorts has a 12-month low of $0.74 and a 12-month high of $3.37.

Full House Resorts (NASDAQ:FLL) last posted its quarterly earnings results on Thursday, August 6th. The company reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.17) by ($0.07). Full House Resorts had a negative net margin of 12.06% and a negative return on equity of 473.31%. The company had revenue of $78.06 million for the quarter, compared to analysts’ expectations of $78.42 million.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. BlackRock Inc. acquired a new stake in shares of Full House Resorts in the 2nd quarter valued at $1,814,000. Simplify Asset Management Inc. increased its position in Full House Resorts by 53.0% during the third quarter. Simplify Asset Management Inc. now owns 607,500 shares of the company’s stock worth $863,000 after buying an additional 210,500 shares during the last quarter. AXQ Capital LP acquired a new position in Full House Resorts during the second quarter worth $64,000. Jefferies Financial Group Inc. acquired a new position in Full House Resorts during the second quarter worth $206,000. Finally, GSA Capital Partners LLP acquired a new position in Full House Resorts during the second quarter worth $237,000. Institutional investors and hedge funds own 37.68% of the company’s stock.

About Full House Resorts

Full House Resorts, Inc (NASDAQ:FLL) is a regional gaming and hospitality company that owns, operates, and manages casinos and related entertainment properties in the United States. Its properties typically offer casino gaming, hotel accommodations, restaurants, bars, live entertainment, and other amenities designed to serve local and destination visitors.

The company’s portfolio includes Chamonix Casino Hotel and Bronco Billy’s Casino in Cripple Creek, Colorado; Silver Slipper Casino Hotel in Bay St.