Full House Resorts, Inc. (NASDAQ:FLL) Stock Has Average Price Target of $3.50

Full House Resorts, Inc. (NASDAQ:FLL) has been assigned an average recommendation of “Moderate Buy” from the four brokerages that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $3.50.

FLL has been the subject of a number of research reports. Weiss Ratings upgraded Full House Resorts from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, October 2nd. Citizens Jmp decreased their price objective on Full House Resorts from $4.00 to $3.00 and set a “market outperform” rating on the stock in a report on Friday, August 7th. Citigroup reissued a “market outperform” rating on shares of Full House Resorts in a report on Friday, August 7th. Finally, Wall Street Zen upgraded Full House Resorts from a “sell” rating to a “hold” rating in a research report on Sunday, August 16th.

Institutional Investors Weigh In On Full House Resorts

A number of institutional investors have recently made changes to their positions in FLL. Rangeley Capital LLC raised its position in Full House Resorts by 2.2% in the 1st quarter. Rangeley Capital LLC now owns 915,578 shares of the company’s stock worth $2,060,000 after purchasing an additional 19,578 shares during the period. Orvieto Partners L.P. lifted its stake in Full House Resorts by 40.9% in the first quarter. Orvieto Partners L.P. now owns 714,897 shares of the company’s stock worth $1,609,000 after purchasing an additional 207,420 shares during the last quarter. BlackRock Inc. bought a new stake in Full House Resorts in the second quarter worth $1,814,000. One Wealth Advisors LLC purchased a new stake in Full House Resorts during the second quarter valued at about $361,000. Finally, GSA Capital Partners LLP purchased a new stake in Full House Resorts during the second quarter valued at about $237,000. Hedge funds and other institutional investors own 37.68% of the company’s stock.

Full House Resorts Stock Performance

Shares of NASDAQ:FLL opened at $0.99 on Wednesday. Full House Resorts has a 52-week low of $0.95 and a 52-week high of $3.37. The firm has a fifty day moving average of $1.76 and a 200 day moving average of $2.30. The firm has a market capitalization of $35.90 million, a PE ratio of -0.97 and a beta of 1.41.

Full House Resorts (NASDAQ:FLL) last released its quarterly earnings results on Thursday, August 6th. The company reported ($0.24) earnings per share 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 for the quarter, compared to analysts’ expectations of $78.42 million.

About Full House Resorts

Full House Resorts, Inc is a regional casino and hospitality company headquartered in Las Vegas, Nevada. The company owns, operates and manages gaming properties that offer casino gaming, hotel accommodations, dining, entertainment and related amenities.

Its portfolio includes Chamonix Casino Hotel and Bronco Billy’s Casino in Cripple Creek, Colorado; Silver Slipper Casino Hotel in Bay St. Louis, Mississippi; Rising Star Casino Resort in Rising Sun, Indiana; Stockman’s Casino in Fallon, Nevada; and Grand Lodge Casino at Hyatt Regency Lake Tahoe in Nevada.