Flutter Entertainment PLC (FLUT) – What Are Brokerages Thinking About This Stock?

Flutter Entertainment PLC (NYSE:FLUT) has earned a consensus recommendation of “Moderate Buy” from the thirty-one ratings firms that are presently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation, nine have given a hold recommendation, seventeen have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $133.15.

Several brokerages have issued reports on FLUT. Sanford C. Bernstein cut their price objective on Flutter Entertainment from $110.00 to $100.00 and set a “market perform” rating for the company in a research report on Tuesday. Zacks Research cut Flutter Entertainment from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 4th. BTIG Research raised their target price on Flutter Entertainment from $95.00 to $96.00 and gave the company a “buy” rating in a research note on Wednesday. Barclays cut their price target on Flutter Entertainment from $151.00 to $133.00 and set an “overweight” rating for the company in a report on Thursday, August 6th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Flutter Entertainment from $114.00 to $110.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 20th.

Flutter Entertainment Stock Performance

Shares of NYSE:FLUT opened at $82.47 on Thursday. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.89 and a quick ratio of 0.89. The business’s fifty day moving average price is $86.04 and its two-hundred day moving average price is $105.93. Flutter Entertainment has a fifty-two week low of $72.56 and a fifty-two week high of $235.77. The stock has a market capitalization of $14.31 billion, a price-to-earnings ratio of 22.04, a price-to-earnings-growth ratio of 3.07 and a beta of 1.27.

Flutter Entertainment (NYSE:FLUT) last issued its earnings results on Wednesday, November 4th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of $0.32 by ($0.50). Flutter Entertainment had a negative net margin of 4.39% and a positive return on equity of 7.27%. The firm had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.99 billion. During the same quarter in the prior year, the firm posted $1.64 EPS. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. As a group, analysts predict that Flutter Entertainment will post 3.05 EPS for the current fiscal year.

Insider Transactions at Flutter Entertainment

In other news, CFO Robert Coldrake sold 710 shares of the stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $97.86, for a total transaction of $69,480.60. Following the sale, the chief financial officer directly owned 22,778 shares of the company’s stock, valued at $2,229,055.08. This represents a 3.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Don H. Liu sold 565 shares of the firm’s stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $97.86, for a total transaction of $55,290.90. Following the completion of the sale, the insider directly owned 20,441 shares of the company’s stock, valued at approximately $2,000,356.26. This represents a 2.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have sold 6,681 shares of company stock worth $644,214. Corporate insiders own 0.13% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Capricorn Fund Managers Ltd bought a new stake in shares of Flutter Entertainment during the first quarter worth approximately $3,670,000. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in Flutter Entertainment by 53.3% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 64,054 shares of the company’s stock valued at $6,530,000 after acquiring an additional 22,270 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Flutter Entertainment by 286.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 52,805 shares of the company’s stock valued at $5,383,000 after acquiring an additional 39,133 shares during the last quarter. Sei Investments Co. boosted its stake in Flutter Entertainment by 28.7% in the first quarter. Sei Investments Co. now owns 74,851 shares of the company’s stock valued at $7,631,000 after acquiring an additional 16,682 shares during the last quarter. Finally, Delta Global Management LP acquired a new stake in Flutter Entertainment during the 1st quarter worth $1,461,000.

Trending Headlines about Flutter Entertainment

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

• Positive Sentiment: U.S. revenue was a bright spot in an otherwise weak quarter, while total revenue increased about 2% year over year to $3.87 billion. Article: Flutter Results Miss the Mark. U.S. Revenue Was a Bright Spot
• Positive Sentiment: BTIG raised its price target to $96 from $95 and maintained a Buy rating, signaling continued analyst confidence despite the results. Article: BTIG Research stock recommendations
• Neutral Sentiment: CEO Dan Taylor is leaning on FanDuel promotions to attract customers. That may support growth, but the investment in promotions is weighing on near-term profitability. Article: New Flutter CEO bets on FanDuel promotions to win customers as profits suffer
• Negative Sentiment: Third-quarter revenue of $3.87 billion fell short of the roughly $3.99 billion expected, and Flutter reported a loss of $0.18 per share versus analyst expectations for a profit. Adjusted EBITDA also missed estimates. Article: Flutter cuts full-year outlook after Q3 revenue and EBITDA miss estimates
• Negative Sentiment: The company cut its full-year outlook after the shortfall. A roughly $873 million Brazil impairment contributed to a net loss exceeding $1 billion, adding to concerns about earnings and the outlook. Article: Flutter Cuts Full-Year Guidance as Brazil Impairment Widens Q3 Loss
• Negative Sentiment: Flutter paused share buybacks as it prioritizes debt reduction and cost savings, limiting near-term shareholder returns and underscoring its focus on balance-sheet repair. Article: Flutter pauses share buybacks to focus on deleveraging, cost saving

Flutter Entertainment Company Profile

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.