Full House Resorts (NASDAQ:FLL) Price Target Cut to $2.00 by Analysts at Citizens Jmp

Full House Resorts (NASDAQ:FLL) had its price objective dropped by investment analysts at Citizens Jmp from $3.00 to $2.00 in a research note issued on Friday, Benzinga reports. The firm presently has a “market outperform” rating on the stock. Citizens Jmp‘s price target would indicate a potential upside of 209.60% from the stock’s current price.

Several other research analysts also recently commented on the company. Weiss Ratings raised Full House Resorts from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, October 2nd. Wall Street Zen upgraded shares of Full House Resorts from a “sell” rating to a “hold” rating in a research note on Sunday, August 16th. Citigroup reiterated a “market outperform” rating on shares of Full House Resorts in a research note on Friday, August 7th. Finally, Texas Capital cut shares of Full House Resorts from a “strong-buy” rating to a “hold” rating in a research note on Monday. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $3.00.

Full House Resorts Stock Down 10.8%

FLL stock traded down $0.08 during mid-day trading on Friday, reaching $0.65. 219,409 shares of the stock traded hands, compared to its average volume of 179,208. The firm has a market capitalization of $23.43 million, a PE ratio of -0.63 and a beta of 1.53. The business has a 50-day moving average of $1.44 and a two-hundred day moving average of $2.22. Full House Resorts has a 52 week low of $0.61 and a 52 week high of $3.37.

Full House Resorts (NASDAQ:FLL) last posted its quarterly earnings data on Thursday, November 5th. The company reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.07). Full House Resorts had a negative return on equity of 473.31% and a negative net margin of 12.06%. The business had revenue of $81.78 million during the quarter, compared to the consensus estimate of $81.90 million.

Institutional Trading of Full House Resorts

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. AXQ Capital LP acquired a new position in Full House Resorts in the second quarter worth about $64,000. R Squared Ltd lifted its stake in Full House Resorts by 21.7% during the first quarter. R Squared Ltd now owns 30,944 shares of the company’s stock worth $70,000 after purchasing an additional 5,527 shares during the period. Jefferies Financial Group Inc. bought a new position in Full House Resorts during the second quarter worth about $206,000. GSA Capital Partners LLP acquired a new stake in Full House Resorts during the second quarter valued at approximately $237,000. Finally, One Wealth Advisors LLC acquired a new stake in Full House Resorts during the second quarter valued at approximately $361,000. Institutional investors own 37.68% of the company’s stock.

Full House Resorts Company Profile

Full House Resorts, Inc (NASDAQ:FLL) is a regional gaming and hospitality company that owns, operates, and manages casinos and related entertainment properties in the United States. Its properties typically offer casino gaming, hotel accommodations, restaurants, bars, live entertainment, and other amenities designed to serve local and destination visitors.

The company’s portfolio includes Chamonix Casino Hotel and Bronco Billy’s Casino in Cripple Creek, Colorado; Silver Slipper Casino Hotel in Bay St.