Full House Resorts (NASDAQ:FLL) Downgraded by Wall Street Zen to “Sell”

Wall Street Zen lowered shares of Full House Resorts (NASDAQ:FLL) from a hold rating to a sell rating in a research report released on Sunday.

A number of other research analysts also recently weighed in on the stock. Craig Hallum lowered their price objective on shares of Full House Resorts from $5.00 to $4.00 and set a “buy” rating on the stock in a research report on Friday, March 6th. Weiss Ratings restated a “sell (e+)” rating on shares of Full House Resorts in a research report on Tuesday, April 21st. Two 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 company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $4.00.

Full House Resorts Price Performance

Shares of Full House Resorts stock opened at $2.67 on Friday. The company has a market cap of $96.81 million, a price-to-earnings ratio of -2.50 and a beta of 1.21. The company’s 50 day moving average is $2.53 and its 200 day moving average is $2.53. Full House Resorts has a twelve month low of $2.02 and a twelve month high of $4.95. The company has a quick ratio of 0.57, a current ratio of 0.60 and a debt-to-equity ratio of 187.23.

Full House Resorts (NASDAQ:FLL) last issued its quarterly earnings data on Thursday, May 7th. The company reported ($0.23) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.01. The company had revenue of $74.42 million for the quarter, compared to the consensus estimate of $77.22 million. Full House Resorts had a negative net margin of 12.79% and a negative return on equity of 473.31%.

Institutional Trading of Full House Resorts

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FLL. HRT Financial LP purchased a new stake in Full House Resorts during the fourth quarter valued at approximately $27,000. Jane Street Group LLC purchased a new stake in Full House Resorts during the first quarter valued at approximately $54,000. Tower Research Capital LLC TRC increased its holdings in Full House Resorts by 570.7% during the second quarter. Tower Research Capital LLC TRC now owns 15,708 shares of the company’s stock valued at $57,000 after buying an additional 13,366 shares during the last quarter. Occudo Quantitative Strategies LP purchased a new stake in Full House Resorts during the second quarter valued at approximately $60,000. Finally, R Squared Ltd increased its holdings in Full House Resorts by 45.6% during the fourth quarter. R Squared Ltd now owns 25,417 shares of the company’s stock valued at $66,000 after buying an additional 7,965 shares during the last quarter. 37.68% of the stock is owned by hedge funds and other institutional investors.

About Full House Resorts

Full House Resorts, Inc (NASDAQ: FLL) is a gaming, lodging and entertainment company headquartered in Summerfield, Nevada. Founded in 1987, the company designs, develops and operates casino resorts and ancillary hospitality facilities in multiple U.S. markets. Its business model emphasizes regional gaming properties that combine slot machines, table games, hotel accommodations and live entertainment to serve a broad customer base.

The company’s property portfolio spans five states, including Bronco Billy’s Casino & Hotel and Grand Lodge Casino in Black Hawk, Colorado; Silver Slipper Casino Hotel and Harlow’s Casino Resort in Mississippi; Running Aces Harness Park & Casino in Minnesota; Rising Star Casino Resort in Indiana; and Stockman’s Casino in Nevada.