Full House Resorts (NASDAQ:FLL) Rating Increased to Strong-Buy at Craig Hallum

Full House Resorts (NASDAQ:FLL) was upgraded by investment analysts at Craig Hallum to a “strong-buy” rating in a research note issued to investors on Wednesday, Zacks.com reports.

Separately, JMP Securities raised their target price on Full House Resorts from $6.00 to $7.00 and gave the stock a “market outperform” rating in a research note on Wednesday, July 17th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Full House Resorts presently has a consensus rating of “Moderate Buy” and a consensus target price of $7.33.

Full House Resorts Price Performance

Shares of Full House Resorts stock opened at $4.99 on Wednesday. The company has a debt-to-equity ratio of 7.88, a current ratio of 0.81 and a quick ratio of 0.78. Full House Resorts has a one year low of $3.40 and a one year high of $5.98. The business’s 50 day simple moving average is $5.14 and its two-hundred day simple moving average is $5.09. The stock has a market capitalization of $172.84 million, a P/E ratio of -6.93 and a beta of 2.00.

Full House Resorts (NASDAQ:FLL) last issued its earnings results on Tuesday, August 6th. The company reported ($0.25) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.11). The firm had revenue of $73.49 million during the quarter, compared to analysts’ expectations of $79.10 million. Full House Resorts had a negative return on equity of 37.79% and a negative net margin of 10.11%. During the same period in the previous year, the firm earned ($0.16) earnings per share. Analysts forecast that Full House Resorts will post -0.74 EPS for the current year.

Insider Buying and Selling at Full House Resorts

In related news, CEO Daniel R. Lee sold 35,000 shares of the stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $5.02, for a total value of $175,700.00. Following the completion of the transaction, the chief executive officer now directly owns 1,116,249 shares of the company’s stock, valued at $5,603,569.98. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, CEO Daniel R. Lee sold 35,000 shares of the company’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $5.02, for a total value of $175,700.00. Following the sale, the chief executive officer now directly owns 1,116,249 shares of the company’s stock, valued at approximately $5,603,569.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO John Ferrucci sold 8,328 shares of the company’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $4.97, for a total transaction of $41,390.16. Following the completion of the sale, the chief operating officer now owns 20,000 shares in the company, valued at approximately $99,400. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 87,840 shares of company stock valued at $440,721. 12.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Full House Resorts

Several institutional investors and hedge funds have recently made changes to their positions in FLL. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Full House Resorts during the second quarter valued at $50,000. Price T Rowe Associates Inc. MD purchased a new stake in shares of Full House Resorts during the 1st quarter valued at about $57,000. Aristeia Capital L.L.C. purchased a new stake in shares of Full House Resorts during the 2nd quarter valued at about $140,000. Bard Associates Inc. grew its stake in shares of Full House Resorts by 6.2% in the fourth quarter. Bard Associates Inc. now owns 36,075 shares of the company’s stock worth $194,000 after acquiring an additional 2,100 shares during the period. Finally, Panagora Asset Management Inc. lifted its position in Full House Resorts by 107.6% during the second quarter. Panagora Asset Management Inc. now owns 36,855 shares of the company’s stock valued at $184,000 after purchasing an additional 19,101 shares during the period. 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.