Gabelli downgraded shares of Isle of Capri Casinos Inc. (NASDAQ:ISLE) from a buy rating to a hold rating in a report issued on Tuesday morning.

Analyst Recommendations for Isle of Capri Casinos (NASDAQ:ISLE)

ISLE has been the subject of a number of other research reports. TheStreet upgraded shares of Isle of Capri Casinos from a hold rating to a buy rating in a research note on Tuesday, June 14th. Zacks Investment Research upgraded shares of Isle of Capri Casinos from a hold rating to a buy rating and set a $19.00 target price for the company in a research note on Thursday, June 16th. Stifel Nicolaus boosted their target price on shares of Isle of Capri Casinos from $16.00 to $20.00 and gave the company a buy rating in a research note on Wednesday, June 15th. Deutsche Bank AG reiterated a hold rating on shares of Isle of Capri Casinos in a research note on Wednesday, June 15th. Finally, Telsey Advisory Group reiterated a hold rating on shares of Isle of Capri Casinos in a research note on Wednesday, June 15th. Eight investment analysts have rated the stock with a hold rating, Isle of Capri Casinos has an average rating of Hold and a consensus target price of $18.60.

Shares of Isle of Capri Casinos (NASDAQ:ISLE) traded down 0.067% during trading on Tuesday, hitting $22.305. 107,916 shares of the stock were exchanged. The stock has a market cap of $921.26 million, a P/E ratio of 17.318 and a beta of 1.72. The stock has a 50-day moving average of $18.03 and a 200 day moving average of $16.31. Isle of Capri Casinos has a 12-month low of $10.62 and a 12-month high of $22.44.

Isle of Capri Casinos (NASDAQ:ISLE) last issued its quarterly earnings results on Tuesday, August 30th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by $0.04. The company earned $240.86 million during the quarter, compared to the consensus estimate of $246.88 million. Isle of Capri Casinos had a return on equity of 82.82% and a net margin of 5.49%. The firm’s quarterly revenue was down 2.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.28 EPS. Equities analysts predict that Isle of Capri Casinos will post $1.25 earnings per share for the current fiscal year.

In other news, insider Edmund L. Quatmann, Jr. sold 22,000 shares of the business’s stock in a transaction on Wednesday, July 13th. The shares were sold at an average price of $18.90, for a total transaction of $415,800.00. Following the completion of the transaction, the insider now owns 156,731 shares of the company’s stock, valued at $2,962,215.90. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 38.20% of the company’s stock.

Several institutional investors have recently made changes to their positions in ISLE. Boothbay Fund Management LLC purchased a new position in shares of Isle of Capri Casinos during the first quarter valued at about $378,000. Royal Bank of Canada increased its position in shares of Isle of Capri Casinos by 2.1% in the first quarter. Royal Bank of Canada now owns 44,602 shares of the company’s stock valued at $625,000 after buying an additional 904 shares during the period. Lafitte Capital Management LP purchased a new position in shares of Isle of Capri Casinos during the first quarter valued at about $4,811,000. Panagora Asset Management Inc. increased its position in shares of Isle of Capri Casinos by 36.4% in the first quarter. Panagora Asset Management Inc. now owns 392,563 shares of the company’s stock valued at $5,496,000 after buying an additional 104,850 shares during the period. Finally, Amici Capital LLC purchased a new position in shares of Isle of Capri Casinos during the first quarter valued at about $490,000. 54.63% of the stock is owned by institutional investors.

Isle of Capri Casinos Company Profile

Isle of Capri Casinos, Inc is a developer, owner and operator of branded gaming facilities and related dining, lodging and entertainment facilities in regional markets in the United States. The Company owns or operates over 10 gaming and entertainment facilities in Colorado, Florida, Iowa, Louisiana, Mississippi, Missouri and Pennsylvania.

5 Day Chart for NASDAQ:ISLE

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