Full House Resorts, Inc. (NASDAQ:FLL) Stock Has Average Price Target of $3.50 According to Brokerages

Shares of Full House Resorts, Inc. (NASDAQ:FLL) have received an average recommendation of “Moderate Buy” from the four research firms that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating and three have given a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $3.50.

Several research analysts have commented on FLL shares. Citigroup reissued a “market outperform” rating on shares of Full House Resorts in a research note on Friday, August 7th. Weiss Ratings cut shares of Full House Resorts from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, September 16th. Wall Street Zen raised shares of Full House Resorts from a “sell” rating to a “hold” rating in a report on Sunday, August 16th. Finally, Citizens Jmp decreased their target price on shares of Full House Resorts from $4.00 to $3.00 and set a “market outperform” rating on the stock in a research report on Friday, August 7th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. purchased a new position in shares of Full House Resorts in the second quarter worth about $1,814,000. Orvieto Partners L.P. boosted its holdings in Full House Resorts by 40.9% during the 1st quarter. Orvieto Partners L.P. now owns 714,897 shares of the company’s stock valued at $1,609,000 after acquiring an additional 207,420 shares during the period. One Wealth Advisors LLC purchased a new stake in Full House Resorts during the 2nd quarter valued at about $361,000. GSA Capital Partners LLP bought a new position in Full House Resorts during the 2nd quarter worth approximately $237,000. Finally, Jefferies Financial Group Inc. bought a new position in Full House Resorts during the 2nd quarter worth approximately $206,000. 37.68% of the stock is owned by institutional investors.

Full House Resorts Stock Performance

Shares of NASDAQ FLL opened at $1.70 on Friday. The stock’s 50-day moving average is $2.12 and its 200 day moving average is $2.44. The stock has a market cap of $61.64 million, a price-to-earnings ratio of -1.67 and a beta of 1.22. Full House Resorts has a 1-year low of $1.68 and a 1-year high of $3.46. The company has a current ratio of 0.62, a quick ratio of 0.59 and a debt-to-equity ratio of 187.23.

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

Full House Resorts Company Profile

Full House Resorts, Inc is a regional gaming and hospitality company that owns, operates, and manages casinos and related entertainment properties in the United States. Its properties typically include casino gaming, hotel accommodations, restaurants, bars, entertainment venues, and other amenities serving local and regional visitors.

The company’s portfolio includes properties in Colorado, Mississippi, Nevada, and Indiana. Its Colorado operations include Chamonix Casino Hotel, Bronco Billy’s Casino, and Colorado Grande Casino in Cripple Creek.