Eldorado Resorts Inc (NASDAQ:ERI) has earned a consensus recommendation of “Buy” from the eight brokerages that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $31.60.

A number of research analysts have weighed in on ERI shares. TheStreet upgraded shares of Eldorado Resorts from a “c” rating to a “b-” rating in a research report on Wednesday, November 1st. BidaskClub downgraded shares of Eldorado Resorts from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, January 30th. Jefferies Group started coverage on shares of Eldorado Resorts in a research report on Thursday, January 18th. They issued a “buy” rating and a $40.00 price objective for the company. Zacks Investment Research upgraded shares of Eldorado Resorts from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a research report on Tuesday, November 7th. Finally, SunTrust Banks restated a “buy” rating and set a $29.00 price target on shares of Eldorado Resorts in a research report on Friday, November 3rd.

In related news, Director Bonnie Biumi sold 13,079 shares of the company’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $29.50, for a total transaction of $385,830.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director David P. Tomick acquired 1,700 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The shares were acquired at an average cost of $28.70 per share, with a total value of $48,790.00. Following the purchase, the director now owns 10,400 shares in the company, valued at approximately $298,480. The disclosure for this purchase can be found here. 1.18% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. FMR LLC grew its stake in Eldorado Resorts by 75.0% during the 2nd quarter. FMR LLC now owns 3,389,255 shares of the company’s stock valued at $67,785,000 after acquiring an additional 1,452,155 shares in the last quarter. Renaissance Technologies LLC grew its stake in Eldorado Resorts by 204.2% during the 2nd quarter. Renaissance Technologies LLC now owns 2,419,521 shares of the company’s stock valued at $48,390,000 after acquiring an additional 1,624,021 shares in the last quarter. Vanguard Group Inc. grew its stake in Eldorado Resorts by 78.3% during the 2nd quarter. Vanguard Group Inc. now owns 1,957,282 shares of the company’s stock valued at $39,146,000 after acquiring an additional 859,537 shares in the last quarter. Peregrine Capital Management LLC grew its stake in Eldorado Resorts by 130.0% during the 3rd quarter. Peregrine Capital Management LLC now owns 1,584,460 shares of the company’s stock valued at $40,641,000 after acquiring an additional 895,489 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. purchased a new stake in Eldorado Resorts during the 3rd quarter valued at about $26,211,000. 81.03% of the stock is owned by institutional investors.

Shares of Eldorado Resorts (NASDAQ ERI) traded up $0.35 during trading on Friday, hitting $35.00. 652,445 shares of the company’s stock were exchanged, compared to its average volume of 591,217. The firm has a market capitalization of $2,688.88, a P/E ratio of -129.63 and a beta of 0.95. Eldorado Resorts has a 1-year low of $15.10 and a 1-year high of $35.30. The company has a debt-to-equity ratio of 2.60, a quick ratio of 1.71 and a current ratio of 1.78.

Eldorado Resorts (NASDAQ:ERI) last issued its quarterly earnings data on Thursday, November 2nd. The company reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.02. The business had revenue of $444.87 million during the quarter, compared to the consensus estimate of $448.30 million. Eldorado Resorts had a negative net margin of 1.20% and a negative return on equity of 2.83%. The company’s revenue was down 1.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.20 earnings per share.

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About Eldorado Resorts

Eldorado Resorts, Inc is a gaming and hospitality company that owns and operates gaming facilities located in Ohio, Louisiana, Nevada, Pennsylvania and West Virginia. The Company’s segments are Nevada, Louisiana, Eastern and Corporate. As of May 1, 2017, the Company owned and operated approximately 503,000 square feet of casino space with approximately 20,000 slot machines and video lottery terminals (VLTs), over 550 table and poker games, 45 restaurants and 6,500 hotel rooms.

Analyst Recommendations for Eldorado Resorts (NASDAQ:ERI)

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