Full House Resorts (NASDAQ:FLL) Price Target Cut to $4.00 by Analysts at Citizens Jmp

Full House Resorts (NASDAQ:FLL) had its target price trimmed by Citizens Jmp from $5.00 to $4.00 in a research report released on Friday morning,Benzinga reports. The firm currently has a market outperform rating on the stock.

Several other equities research analysts have also issued reports on FLL. Macquarie restated a “neutral” rating and set a $4.00 price target on shares of Full House Resorts in a research note on Friday, August 8th. JMP Securities raised their target price on Full House Resorts from $4.00 to $5.00 and gave the stock a “market outperform” rating in a research report on Friday, July 18th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Full House Resorts in a research note on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating, one has assigned 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 $4.50.

Full House Resorts Stock Performance

Shares of NASDAQ FLL traded up $0.01 during mid-day trading on Friday, reaching $2.63. 181,358 shares of the company’s stock were exchanged, compared to its average volume of 206,896. The firm has a 50-day moving average price of $3.01 and a two-hundred day moving average price of $3.49. The company has a debt-to-equity ratio of 22.08, a current ratio of 0.63 and a quick ratio of 0.60. The firm has a market capitalization of $94.97 million, a price-to-earnings ratio of -2.29 and a beta of 1.61. Full House Resorts has a 52 week low of $2.30 and a 52 week high of $5.59.

Full House Resorts (NASDAQ:FLL) last posted its quarterly earnings results on Thursday, November 6th. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.20) by ($0.01). Full House Resorts had a negative net margin of 13.75% and a negative return on equity of 118.79%. The company had revenue of $77.95 million for the quarter, compared to the consensus estimate of $76.40 million.

Insiders Place Their Bets

In other Full House Resorts news, Director Eric J. Green acquired 10,000 shares of Full House Resorts stock in a transaction that occurred on Wednesday, August 13th. The stock was acquired at an average cost of $3.54 per share, for a total transaction of $35,400.00. Following the purchase, the director owned 233,959 shares of the company’s stock, valued at approximately $828,214.86. This represents a 4.47% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 9.40% of the company’s stock.

Hedge Funds Weigh In On Full House Resorts

A number of large investors have recently made changes to their positions in the stock. One Wealth Advisors LLC raised its stake in shares of Full House Resorts by 127.0% during the 1st quarter. One Wealth Advisors LLC now owns 578,962 shares of the company’s stock valued at $2,420,000 after purchasing an additional 323,931 shares during the period. Jane Street Group LLC grew its holdings in Full House Resorts by 1,685.4% during the 2nd quarter. Jane Street Group LLC now owns 229,301 shares of the company’s stock valued at $839,000 after buying an additional 216,458 shares in the last quarter. Mink Brook Asset Management LLC bought a new stake in shares of Full House Resorts during the second quarter valued at about $739,000. Marshall Wace LLP purchased a new stake in shares of Full House Resorts in the second quarter worth about $681,000. Finally, Catawba River Capital boosted its position in shares of Full House Resorts by 8.9% in the second quarter. Catawba River Capital now owns 1,635,973 shares of the company’s stock valued at $5,988,000 after acquiring an additional 133,766 shares during the period. 37.68% of the stock is owned by institutional investors.

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.