Full House Resorts (NASDAQ:FLL) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Friday, Zacks.com reports. The brokerage currently has a $4.50 price target on the stock. Zacks Investment Research’s price target indicates a potential upside of 14.50% from the company’s current price.
According to Zacks, “Full House develops and manages gaming facilities. The Company has a management agreement with the Nottawaseppi Huron Band of Potawatomi Indians for the development and management of a first-class casino/resort with gaming devices in the Battle Creek, Michigan area, which is currently in the pre-development stage. Full House also manages Midway Slots and Simulcast at the Delaware State Fairgrounds in Harrington, Delaware, along with the owner of the adjacent racetrack. “
Several other analysts have also commented on FLL. Craig Hallum initiated coverage on shares of Full House Resorts in a research report on Thursday, October 15th. They set a “buy” rating for the company. Macquarie increased their price target on shares of Full House Resorts from $4.50 to $5.00 and gave the company an “outperform” rating in a research report on Wednesday, December 2nd. Four equities research analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and a consensus price target of $4.75.
Shares of FLL traded down $0.03 during trading hours on Friday, reaching $3.93. 157,638 shares of the company traded hands, compared to its average volume of 228,350. The firm has a market cap of $106.53 million, a price-to-earnings ratio of -11.56 and a beta of 2.05. Full House Resorts has a 12-month low of $0.31 and a 12-month high of $4.22. The company has a current ratio of 1.79, a quick ratio of 1.72 and a debt-to-equity ratio of 2.09. The stock’s fifty day moving average price is $3.55 and its 200 day moving average price is $2.36.
Full House Resorts (NASDAQ:FLL) last released its quarterly earnings data on Thursday, November 5th. The company reported $0.28 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.30. Full House Resorts had a negative net margin of 5.93% and a negative return on equity of 11.98%. The company had revenue of $41.96 million during the quarter, compared to analyst estimates of $37.52 million. On average, research analysts forecast that Full House Resorts will post 0.12 earnings per share for the current year.
In other news, Director Carl G. Braunlich sold 33,245 shares of the firm’s stock in a transaction that occurred on Friday, November 13th. The shares were sold at an average price of $3.42, for a total transaction of $113,697.90. Following the sale, the director now owns 7,059 shares of the company’s stock, valued at approximately $24,141.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael A. Hartmeier acquired 20,000 shares of the company’s stock in a transaction dated Friday, December 4th. The shares were purchased at an average cost of $3.71 per share, for a total transaction of $74,200.00. Following the purchase, the director now directly owns 21,675 shares in the company, valued at $80,414.25. The disclosure for this purchase can be found here. 16.70% of the stock is currently owned by corporate insiders.
Several large investors have recently made changes to their positions in FLL. SG Americas Securities LLC purchased a new position in shares of Full House Resorts during the 3rd quarter valued at approximately $349,000. Teton Advisors Inc. lifted its position in shares of Full House Resorts by 4.7% during the 3rd quarter. Teton Advisors Inc. now owns 1,142,119 shares of the company’s stock valued at $2,216,000 after buying an additional 51,394 shares in the last quarter. Bridgeway Capital Management Inc. lifted its position in shares of Full House Resorts by 35.5% during the 2nd quarter. Bridgeway Capital Management Inc. now owns 191,000 shares of the company’s stock valued at $254,000 after buying an additional 50,000 shares in the last quarter. Wetherby Asset Management Inc. purchased a new position in shares of Full House Resorts during the 3rd quarter valued at approximately $42,000. Finally, Gabelli Funds LLC lifted its holdings in Full House Resorts by 1.5% in the 3rd quarter. Gabelli Funds LLC now owns 745,000 shares of the company’s stock valued at $1,445,000 after purchasing an additional 10,972 shares in the last quarter. Hedge funds and other institutional investors own 32.21% of the company’s stock.
Full House Resorts Company Profile
Full House Resorts, Inc owns, develops, operates, manages, leases, and invests in casinos, and related hospitality and entertainment facilities in the United States. The company owns and operates the Silver Slipper Casino and Hotel in Hancock County, Mississippi, which has 855 slot machines and 24 table games, a surface parking lot, approximately 800-space parking garage, and a 129-room hotel; a fine-dining restaurant, a buffet, and a quick-service restaurant, as well as oyster, casino, and beachfront bars; and 37-space beachfront RV park.
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