Brokerages Set Full House Resorts, Inc. (NASDAQ:FLL) Price Target at $4.00

Shares of Full House Resorts, Inc. (NASDAQ:FLL) have received a consensus recommendation of “Moderate Buy” from the four ratings firms that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating and three have given a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $3.50.

A number of equities analysts have recently weighed in on the stock. Wall Street Zen lowered shares of Full House Resorts from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. Citizens Jmp lowered their target price on shares of Full House Resorts from $4.00 to $3.00 and set a “market outperform” rating for the company in a research note on Friday, August 7th. Weiss Ratings raised shares of Full House Resorts from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, July 31st. Finally, Citigroup reiterated a “market outperform” rating on shares of Full House Resorts in a report on Friday, August 7th.

Hedge Funds Weigh In On Full House Resorts

Institutional investors have recently added to or reduced their stakes in the business. HRT Financial LP acquired a new stake in Full House Resorts in the 4th quarter worth about $27,000. Jane Street Group LLC purchased a new stake in Full House Resorts in the 1st quarter valued at about $54,000. Tower Research Capital LLC TRC increased its stake in shares of Full House Resorts by 570.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 15,708 shares of the company’s stock valued at $57,000 after acquiring an additional 13,366 shares during the last quarter. Occudo Quantitative Strategies LP acquired a new position in shares of Full House Resorts during the 2nd quarter valued at about $60,000. Finally, R Squared Ltd lifted its holdings in shares of Full House Resorts by 45.6% during the 4th quarter. R Squared Ltd now owns 25,417 shares of the company’s stock worth $66,000 after acquiring an additional 7,965 shares during the period. 37.68% of the stock is currently owned by institutional investors and hedge funds.

Full House Resorts Trading Up 0.9%

Full House Resorts stock opened at $2.30 on Friday. The stock has a 50-day moving average price of $2.57 and a 200 day moving average price of $2.51. Full House Resorts has a 52 week low of $2.02 and a 52 week high of $3.85. The stock has a market cap of $83.40 million, a PE ratio of -2.25 and a beta of 1.24. The company has a current ratio of 0.62, a quick ratio of 0.59 and a debt-to-equity ratio of 187.23.

Full House Resorts (NASDAQ:FLL) last released its earnings results on Thursday, August 6th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.07). Full House Resorts had a negative net margin of 12.06% and a negative return on equity of 473.31%. The firm had revenue of $78.06 million during the quarter, compared to analysts’ expectations of $78.42 million.

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.