Full House Resorts (NASDAQ:FLL) Price Target Raised to $5.00 at JMP Securities

Full House Resorts (NASDAQ:FLL) had its price objective raised by research analysts at JMP Securities from $4.00 to $5.00 in a report released on Friday,Benzinga reports. The firm presently has a “market outperform” rating on the stock. JMP Securities’ price objective points to a potential upside of 6.61% from the company’s current price.

Full House Resorts Stock Up 2.0%

Shares of Full House Resorts stock opened at $4.69 on Friday. Full House Resorts has a 52-week low of $2.86 and a 52-week high of $5.90. The company has a market cap of $168.75 million, a P/E ratio of -4.23 and a beta of 1.64. The firm’s 50 day moving average price is $3.67 and its 200-day moving average price is $4.05. The company has a quick ratio of 0.67, a current ratio of 0.70 and a debt-to-equity ratio of 15.25.

Full House Resorts (NASDAQ:FLL) last posted its quarterly earnings results on Thursday, May 8th. The company reported ($0.27) EPS for the quarter, topping the consensus estimate of ($0.29) by $0.02. Full House Resorts had a negative net margin of 13.18% and a negative return on equity of 90.09%. The business had revenue of $65.36 million during the quarter, compared to the consensus estimate of $80.96 million.

Insider Activity at Full House Resorts

In related news, Director Eric J. Green bought 25,000 shares of the company’s stock in a transaction on Tuesday, May 13th. The stock was bought at an average cost of $3.40 per share, with a total value of $85,000.00. Following the completion of the acquisition, the director owned 203,523 shares in the company, valued at approximately $691,978.20. This represents a 14.00% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 9.40% of the company’s stock.

Institutional Investors Weigh In On Full House Resorts

A number of hedge funds and other institutional investors have recently made changes to their positions in FLL. R Squared Ltd lifted its holdings in Full House Resorts by 69.3% during the 1st quarter. R Squared Ltd now owns 10,748 shares of the company’s stock worth $45,000 after buying an additional 4,398 shares during the last quarter. Squarepoint Ops LLC acquired a new stake in shares of Full House Resorts during the fourth quarter worth $46,000. XTX Topco Ltd acquired a new stake in Full House Resorts during the 4th quarter valued at $49,000. Price T Rowe Associates Inc. MD increased its stake in Full House Resorts by 22.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 12,748 shares of the company’s stock valued at $53,000 after buying an additional 2,340 shares during the period. Finally, Jane Street Group LLC acquired a new position in Full House Resorts in the 1st quarter worth about $54,000. Hedge funds and other institutional investors own 37.68% of the company’s stock.

Full House Resorts Company Profile

Full House Resorts, Inc owns, leases, operates, develops, manages, and invests in casinos, and related hospitality and entertainment facilities in the United States. It operates through Midwest & South, West, and Contracted Sports Wagering segments. The company's properties include American Place in Waukegan, Illinois; Silver Slipper Casino and Hotel in Hancock County, Mississippi; Rising Star Casino Resort in Rising Sun, Indiana; Bronco Billy's Casino and Chamonix Casino Hotel in Cripple Creek, Colorado; Stockman's Casino in Fallon, Nevada; and Grand Lodge Casino, located within the Hyatt Regency Lake Tahoe Resort, Spa and Casino in Incline Village, Nevada.